Deficits mean future tax increases, pure and simple. Deficit spending should be viewed as a tax on future generations, and politicians who create deficits should be exposed as tax hikers.
History shows that tax increases during a recession are a recipe for greater unemployment and economic loss.
Why does a slight tax increase cost you two hundred dollars and a substantial tax cut save you thirty cents?
If you don't get spending under control, eventually you're going to have a big tax increase.
Democrats are not about to nominate anyone who backs the tax cut, and Americans are not going to elect anyone who favors a tax increase.
Tax increases appear to have a very large sustained and highly significant negative impact on output.
One such troubling provision is a tax increase to pay for the $635 billion included in the budget for health care 'reserve funds.' Health care reform is desperately needed in America, but I'm concerned that $635 billion will be a down payment on socialized medicine, causing the impersonal rationing of health care and destroying the doctor-patient relationship.
You will not see any of your taxes increase one single dime.
If you're opposed to the budget I submitted to the General Assembly, you're for a tax increase.
Recently the country has seen too much of our legislators, seeing them as a gaggle of check-kiting, judge-smearing deadbeats who don't pay their restaurant bills but raise their pay in the middle of the night. Many Americans-this columnist included-hitherto said tax increases are justified by the budget deficit now say: Give that mob more money? Never. Not a nickel of new taxes until term limits change the political culture on Capital Hill.
The payroll tax increase was destructive financially, it took what was a close call and made it a bad call.
Our estimates suggest that a tax increase of 1 percent of GDP reduces output over the next three years by nearly 3 percent. The effect is highly significant.
I'm against tax increases on anyone, period, end of debate.
The last man to try to run for president advocating a tax increase was Walter Mondale. He lost 49 states in 1984, and the "I'll raise your taxes" reputation haunted him all the way to Minnesota last year, where he lost his 50th state in the Senate election.
Many Republicans have what I call a 'tax-cut syndrome' where they have never seen a tax cut they didn't really like and didn't see a tax increase they didn't hate and do everything they could to block.
It was absolutely critical to renew the Bush tax cuts. Letting them expire would result in a massive tax increase that would retard economic growth.
Only dramatic cuts in the federal deficit, a rollback of regulations that cripple small and community banks, a cancellation of future tax increase plans, a big reduction in federal spending, repeal of Obamacare, freeing manufacturing from the prospect of carbon taxation and unleashing out domestic energy potential can solve our problems. But Obama is not about to undo his legacy of disaster for the American people.
The move to tax Internet sales, clothed as a 'fairness' issue, is the typical 'wolf-in-sheep's-clothing' ploy so often used by governments unwilling to cut expenditures to match revenues. It matters not whether its proponents have a 'D' or an 'R' after their name. It is a tax increase in either case.
We must stop spending money that we just don't have. Historic debt leads to historic tax increases, which stifle job growth.
When I was ambushed by global warming advocates recently - no, they haven't given up - they asked me the same questions they always ask: "What if you're wrong?" and "If you're wrong will you apologize to future generations?" I always answer, "What if you're wrong? Will you apologize to my twenty kids and grandkids for the largest tax increase in American history?" They usually don't have anything to say after that.
We gotta control inflation, quit spending our money on everything. But this years tax increase, why it's the biggest in history.
We [the USA] have a $16 trillion debt which these tax increases will do nothing to solve and you will have at least 200,000 less jobs next year than you have now. And the people who vote for that will be responsible for that decision and they will held accountable for that terrible public policy.
If the economy of today were operating close to capacity levels with little unemployment, or if a sudden change in our military requirements should cause a scramble for men and resources, then I would oppose tax reductions as irresponsible and inflationary; and I would not hesitate to recommend a tax increase if that were necessary.
In the middle of a recession no tax increase is justified because it kills jobs, and any tax increase is a job-killing measure and should be defeated.
Obama and the Democrats' preposterous argument is that we are just one more big tax increase away from solving our economic problems. The inescapable conclusion, however, is that the primary driver of the short-term deficit is not tax cuts but the lack of any meaningful economic growth over the last half decade.
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