The President and his advocates in Congress argue that raising taxes on all taxpayers would damage the economy but that raising taxes on only “high-income” households is supposedly not economically destructive. This line of reasoning is simply mistaken. (House Speaker John Boehner (R–OH), perhaps still cognizant of the economic ramifications …
There are many reasons to be against the Obama tax hikes, especially as the economy struggles to recover. However, even putting aside economic growth considerations, it is simply not true that only the “rich” will be affected by the tax increase. For example, small businesses (and their workers), as well …
Raising taxes on successful businesses is one thing we cannot afford to do. Large, successful businesses that create jobs would be hit the hardest, but small businesses would also be hurt by such a tax increase. Although economists disagree on many aspects of economic growth and recession, there is near-unanimity …
The White House Council of Economic Advisers (CEA) has released a projection of jobs created by the economic stimulus bill. However, the method they used to get these numbers falls short of basic scientific standards. The CEA modeled a potential outcome for the economy without the stimulus, basing it on …
A year ago, President Obama warned the American people that the financial crisis was dire and required a whole new approach to government spending. Obama argued that the government must help America spend its way out of the recession, and his economists, using Keynesian multipliers, argued the “stimulus” would keep …
