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Why America Does Not Need More Taxes

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Publication Date: November 1988

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

Author(s): Stephen Moore

Topic: Banking and finance (Public finance)

Keywords: Taxes

Type: Report

Abstract:

Although many in Congress attempt to cloak their desire to raise American’s taxes in the rhetoric of deficit reduction, their real purpose to use the money to embark on another $100 billion spending spree could not be more transparent. Dozens of spending bills are already awaiting the tax-hike green light. If Bush permits a tax hike next year, he will lose both the war on the deficit and the war on wasteful spending.