My friends at the Center on Budget and Policy Priorities recently took issue with my friends at the Tax Foundation. The subject was whether tax increases harm economic growth. The Foundation published a piece written by Will McBride in December 2012 which concluded that "nearly every empirical study of taxes and economic growth published in a peer reviewed academic journal finds that tax increases harm economic growth." The Center countered with a piece written by Michael Mazerov which asserted there is no academic consensus on the impact of tax cuts on economic growth.
Mazerov and McBride can go at it over whether Keynesian economics works or not. I do know that when I am taxed more, I have less money for, well, me...
... I am all for paying for government. I just wish those deciding how much I pay thought a little more about me.
View David Brunori's opinion in its entirety on the taxanalysts® Blog.
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