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

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


 

Publication Date: May 2006

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

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

Research Area: Banking and finance

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.