I do propose to raise income tax rates, but only for the top 1.2 percent of taxpayers.
We must squeeze every penny that we have out of the Government before we ask ordinary Americans to contribute to deficit reduction.
Today, I think we need that kind of experimentation based on the plain evidence that we are in a rut.
I want to say one more word, if I might, about Senator Moynihan.
I will tell you, basically, the tax bill goes from about $20 billion to about $75 billion over the next 4 years.
This program has some tax incentives, which is a fancy way for saying tax cuts for people who invest their money.
We're spending too much and on the wrong things.
It means we should do whatever it takes to educate people for a lifetime at very high levels.
The price of my program is far lower with far higher results.
Thomas Glynn has the kind of experience managing large institutions, both public and private, that is needed to make that happen.
One of the most important things we need to do in this administration is learn how to manage the Government better.