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Survey Says…Taxes too High, Kill the Death Tax
Posted By Curtis Dubay On April 13, 2009 @ 9:29 am In Economics | Comments Disabled
The Tax Foundation released its “2009 Survey of U.S. Attitudes on Taxes, Government Spending and Wealth Distribution”  yesterday.
Some interesting findings include:
The results clearly show Americans do not want more government services and do not want to pay more taxes.
The most compelling finding is that Americans overwhelmingly favor completely killing off the death tax. Its time Congress acts to make this happen. Doing so would be a boon to the economy and prevent countless small businesses from being unnecessarily burdened by this unfair tax.
The least surprising finding is that 85 percent think the federal income tax code is too complex. And 82 percent think it needs to be completely overhauled, or at least major changes. President Obama recently formed a tax reform panel to study how to improve the tax code.  The panel should seriously consider a flat tax because of its simplicity and positive economic impact. 
Entitlement spending on social security and Medicare and Medicaid will explode the federal budget in the near future. Congress should note this survey finds a majority of Americans already think taxes are too high and 81 percent are unwilling to pay additional taxes to close the budget deficit. Fortunately there are policy solutions that fix the entitlement problem without raising taxes or expanding already enormous deficits. 
Article printed from The Foundry: Conservative Policy News Blog from The Heritage Foundation: http://blog.heritage.org
URL to article: http://blog.heritage.org/2009/04/13/survey-says%e2%80%a6taxes-too-high-kill-the-death-tax/
URLs in this post:
 “2009 Survey of U.S. Attitudes on Taxes, Government Spending and Wealth Distribution”: http://www.taxfoundation.org/news/show/24600.html
 boon to the economy : http://www.heritage.org/Research/Taxes/wm720.cfm
 a tax reform panel to study how to improve the tax code.: http://www.foundry.org/2009/03/25/president-obama-forms-tax-reform-panel/
 flat tax because of its simplicity and positive economic impact.: http://www.heritage.org/Research/Taxes/bg1866.cfm
 policy solutions that fix the entitlement problem without raising taxes or expanding already enormous deficits.: http://www.heritage.org/Research/Taxes/wm1313.cfm
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