Friday, April 9, 2010

Why LOWER Tax Rates Actually HELP Government

In addition to the myriad of taxes we'll face under Obamacare, Obama's preparing to tax everything that uses energy.  Future tax rates under Obama spending are sure to skyrocket for just about everyone (that last link from ABC says that Obama will increase taxes over $1.4 TRILLION in the next 10 yrs.  And that doesn't even count Obamacare or the energy taxes).  

With that in mind, it's important to recall an irrefutable fact of history:  the lower the tax rate, the more the Government collects.  It's that simple. Heritage.org did a great analysis on "The Historical Lessons of Lower Tax Rates" Summary here and the full article here.  They're worth a read.  

If Obama & his advisers really wanted to increase gov't revenues, they'd listen to history.  Unfortunately, I fear they have other motives (i.e., to destroy the private economy among others).