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Attendees of PPU Debate Vote in Favor of 70% Tax by a 2-1 Margin

Friday, March 1, 2019 - 12:30pm

ON FEBRUARY 28, THE FIVE PARTIES of the Penn Political Union sharply debated the resolution, “The US Federal Government should implement a 70% top marginal tax rate." In the proposal they considered, the top tax rate would apply to incomes over $10 million, affecting an estimated 2,000 households whose incomes put them in the top .01 percent of taxpayers. The vote in favor was by a margin of two to one.