Posted on 05/10/2010 10:03:51 AM PDT by John Semmens
President Obama’s National Commission on Fiscal Responsibility and Reform is working on a plan for what it is calling “pro-growth” tax increases. The Commission is comprised of 18 members. Most are aged political hacks or washed-up bureaucrats.
“Critics of government insist that taxes hurt growth,” said Alice Rivlin, a former White House budget director for President Jimmy Carter. “But we’re not convinced this is necessarily true. For example, every family has routine bills it must pay—groceries, rent, transportation. These costs don’t go down just because increased taxes have lowered a person’s take-home pay. It could be that a carefully constructed tax hike would force wage earners to work longer hours or take a second job in order to be able to pay unavoidable expenses. Inducing the workforce to labor longer would make the economy grow.”
Erskine Bowles, former White House chief of staff to President Clinton, suggested that “imposing a ‘value-added tax’ could have a similar impact from the other side. By making the things people have to buy more costly, this type of tax will encourage them to work harder just to make ends meet. This will also grow the economy.”
(Excerpt) Read more at azconserv1.wordpress.com ...
Taxes are too high, then make the peasents work a little longer and a little harder.
They are trying to damage and destroy as much as they can of this country before they’re run out of town.
There, that's a pro-growth tax.
Why do I expect Obama to do the opposite and jack up the rates on the producers to give even more of the non-producers a free ride?
This, ladies and gents; is ALL you need to know.
alice is a devout communist.
LLS
It looks like this bit of wisdom will have to get beaten into them:
We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle. ~Winston Churchill (1874-1965)
This administration is nothing but one gigantic oxymoron.
Looks like you’re reeling ‘em in this morning....hook, line and sinker.
I agree with you. I’ve always objected to the whole notion that government should be paid for by the most productive people while the least productive are *excused* from paying. I went Galt because of it.
The authority to unequally distribute the tax burden should be stripped from all levels of government. Hand each person an equal portion of the government tab and government would shrink so fast your head would spin.
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