Comment

GOP Budget: No More Color Copies for the Pentagon

241
McSpiff4/05/2011 12:23:02 pm PDT

re: #240 RogueOne

Two things,

1. The dems haven’t made that proposal.

2. that’s “hypothetical” money. Hypothetically if you raise taxes, and nothing at all changes, then you’ll bring in the expected results. The problem is higher taxes puts a damper on activity. They never bring in as much money as they say when they raise taxes because people either stop participating or find a way around the higher taxes. (think cigarette and luxury tax increases)

I agree that we’re going to have to find a way to increase revenue and part of that is going to have to be with increased taxes. The problem as I see it is our economy is still floundering and raising taxes on everyone is a sure way to keep unemployment hovering around 10%.

So who would you suggest raising taxes on?