James Pethokoukis | AEIdeas
Mark J. Perry | AEIdeas
The SALT deduction and the ingenuity of the political class
Benjamin Zycher | AEIdeas
Seemingly forgotten by Republicans who pay lip service to the worthy goal of decreasing the size and scope of government is that we all benefit when the federal government collects fewer dollars. A tax hike on “others” is a tax hike on all of us. ]
When Congress has less money to spend, it by definition has a reduced ability to dictate the direction of the goods, services and people that comprise the economy. No one gains when federal tax collections increase. Those revenue increases amount to a tax on private economic activity that reduces opportunity for everyone. This is particularly true when the tax hits the highest earners the most. They, by virtue of being the highest earners, logically have the most to invest. There are no companies and no jobs without investment first.