In this Feb. 11, 2011, file photo Rep. Tom Price, R-Ga., speaks at a Conservative Political Action Conference (CPAC) in Washington. "Don't bend, stay the course, stand firm," Price has said in summing up the feedback in July from constituents in his heavily Republican district north of Atlanta. He said calls and emails are running about 50-1 urging him not to increase taxes as part of any debt compromise. A YouTube video says increasing taxes generally doesn't increase government revenue anyway.
Alex Brandon, The Associated Press
To balance the budget, Congress raised taxes on the highest earners in America, but a YouTube video by Learn Liberty posits that raising taxes doesn't necessarily increase government revenue.
Antony Davies, the speaker in the November 2012 video, says the way to increase revenue is to simplify the tax code, so people stop spending time and money to avoid taxes. Only a few specific taxes are correlated with higher revenue.
For instance, tax revenue rises when Social Security and Medicare taxes are increased, because those taxes are harder to avoid. But, the video says, higher rates on Social Security are linked to an increase in unemployment a year after they are raised, because it becomes more expensive for employers to hire.
EMAIL: alovell@deseretnews.com
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You will not see our taxes go up a single dime in any form.--Barack Obama 2008
Nuff said--don't worry, be happy
No, they won't because every dime that they take has already been spent... They will NEVER get even!
one vote,--remember! the wealthy pays eighty percent of the taxes
Many honorable wealthy people, are victims of the greedy crooks, and not all on welfare folks, are beggars without honor. Only wise people can see clearly.