New Taxes to Cut the Deficit: Another Congress Bait-and-Switch Ruse


Publication Date: July 1987

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

Author(s): Stephen Moore

Research Area: Banking and finance

Keywords: Budget

Type: Report


The U.S. public has been duped twice already in this decade by hollow promises from Congress that a tax hike would be used to finance deficit reduction. Both times taxpayers got the new taxes, but not the deficit reduction. This is not the time for Americans to learn another costly bait-and-switch lesson.