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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


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.