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What Is Really Happening to Government Revenues: Long-Run Forecasts Show Sharp Rise in Tax Burden

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Publication Date: May 2006

Publisher(s): Heritage Foundation (Washington, D.C.)

Author(s): Daniel J. Mitchell; Stuart M. Butler

Topic: Banking and finance (Taxation and tax policy)

Keywords: Taxes

Type: Report

Abstract:

Instead of raising taxes even faster than projected in an effort to catch up with out-of-control spending, the wise course is to tackle the explosion of entitlement spending and continue to enact tax reforms and reductions to hold the long-term tax burden at the historic level that has been a key to America's economic success.