Appearing on Fox News today, Senator Jim DeMint came up with this brainwave (h/t The Hill):
Congress should cut the top marginal tax rate for individuals as its newest stimulus, Sen. Jim DeMint (R-S.C.) said Tuesday.
DeMint said that if Congress wants to really create jobs, it should slash the 35 percent rate currently faced by the wealthiest individuals and corporations (i.e., with an income in 2009 higher than $373,000).
"But we also need to just cut the top marginal rate for individuals and corporations so that we're more competitive and companies can look way out in the future and know they'll have a competitive tax rate," DeMint said.
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