Monday Sept 19, 2011
Art Cashin is the NYSE Floor Manager for UBS as a result of their purchase of Paine Weber.
He is featured on CNBC about 7 55 each morning for a comment, and those comments are posted on the the CNBC website.
Here is Art on the proposed tax increases.
As usual, UBS' Art Cashin, who may suffer the occasional pint but never outright idiocy, cuts right to the chase. His bottom line: "According to the Tax Foundation, after the 1929 crash, Congress proceeded to raise the top marginal tax rate from 25% to 63% by the end of Hoover’s term…. As you may recall, hiking those rates may have made folks feel that rates were more equitable but it sure didn’t help the economy."
Professor Elam 
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