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Let's Return to Clinton Spending Levels
Veronique de Rugy, DC Examiner
President Obama has been fixated on returning the top marginal income tax rates on higher income earners to their Clinton-era levels. Increasing these rates is troubling because even if the president got his way, it wouldn't make a dent in our deficit, and it would pose negative consequences for our economy in the long term. Moreover, our problem is a spending one, not a revenue one. So how about we return to Clinton-era spending levels?However, aggregate labor supply data, such as the differences in hours worked among countries with different levels of taxes, suggest a very different...http://www.realclearpolitics.com/2012/12/14/let039s_return_to_clinton_spending_levels_297853.html
President Obama has been fixated on returning the top marginal income tax rates on higher income earners to their Clinton-era levels. Increasing these rates is troubling because even if the president got his way, it wouldn't make a dent in our deficit, and it would pose negative consequences for our economy in the long term. Moreover, our problem is a spending one, not a revenue one. So how about we return to Clinton-era spending levels?However, aggregate labor supply data, such as the differences in hours worked among countries with different levels of taxes, suggest a very different...http://www.realclearpolitics.com/2012/12/14/let039s_return_to_clinton_spending_levels_297853.html
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