In 2010 the U.S. will have a payroll tax rate increase, an estate tax increase, and income tax increases. There's also a tax increase coming in 2010 on carried interest. This rate will rise from its current level of 15 percent to 35 percent, and then it will rise again in 2011.
We've gone through rounds of tax cutting and rounds of tax increases in modern U.S. history. We haven't really had a big igniting of a trade war belligerence since the Depression era, and that's not an era that we want to repeat.
Governors of both political parties face a stark choice between unpopular tax increases and drastic cuts in Medicaid, education, public safety and other essential services.
We vetoed five income tax increases during my time as governor. We cut business taxes $2.3 billion, and we cut regulation by one-third of what my predecessor put in place.
Tax increases appear to have a very large sustained and highly significant negative impact on output.
President Obama has admitted that Medicare is on an unsustainable course and that no amount of tax increases can fix it.
Today, and I'm very strongly against tax increases.
Massive debts owed to foreign creditors weaken our global influence and threaten high inflation and steep tax increases for our children and grandchildren.
Beware of politicians who tell you they'll do all these wonderful things for you for only a small tax increase. Those tax increases are never as small as you might imagine, and the benefits are always smaller than promised and/or imagined.
The Obama administration's large and sustained increases in debt raise the specter of another financial crisis and large future tax increases, further chilling business investment and job creation.
