Taxing us into a recession
1 comment March 2nd, 2008
Am I the only person that seems to think that increasing taxes would be a death blow to the economy? It is a fact that things have slowed. But what amazes me is that the past 6 years as the economy has been growing you sure didn’t hear about it on the news. The so called experts are always amazed at better than expected numbers as far as unemployment and economic growth. Having said that the fastest way to ensure contraction in the economy is by increasing taxes. I am really tired of hearing about we have to increase taxes on the rich. They already pay the majority of the tax bill in this country. If this happens investment will dry up,these are the people that own a lot the businesses that we work at. Are we dumb enough to believe that if we increase taxes on the wealthy that this will have a positive impact? In what way? This will be another attempt at wealth redistribution. It is a proven fact that tax reductions for individuals and businesses actually increases receipts to the federal government. It has worked everytime it has been done. Along with this must be constraint on spending, which we have not had either. We need to provide an environment where businesses want to come to this country and not have to worry about confiscatory policies. We need to review policies that worked when JFK was president and worked again when Ronald Reagan was president. By the way they worked again when George Bush cut taxes. Think about it
Jeff Rushing
