Tag: tax hikes

Repealing the Bush Tax Cuts Would Lead to Lower Tax Revenues

Since many liberals are calling for new massive tax increases as a part of the debt ceiling deal congress is fighting over right now I figured it might be a good time to review some of the results of the last major attempt at tax reform. The Bush tax cuts that is. So, what exactly does the data show us about how they performed? First off we need to understand that the revenues resulting from tax structures are completely dependent on the state of the economy. Of course the opposite is viewed by everybody from across the political spectrum to be true as well.

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