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The tax regime of Clinton produced balanced budgets, at least for a couple of years. Partly that was due to the stock bubble producing huge, taxable capital gains, but it also seemed well tuned to the economy of its time. It didn't stop people from getting very rich, lots of them. George Bush confronted the issue of surplusses by proclaiming big tax cuts, which were followed promptly by war and recession, raising expenses while lowering collections. It seemed like a lot of bad strategy to me.

We could do worse than going back to the Clinton rates.