Wall St. Journal: “Tax revenues as a share of GDP have averaged just under 19%, whether tax rates are cut or raised. Better to cut rates and get 19% of a larger pie. Even amoebas learn by trial and error, but some economists and politicians do not. The Obama administration’s budget projections claim [...]
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Bloomberg: “In 2011, income tax rates for the highest earners will go to 39.6 percent, up from 35 percent, and the capital gains tax will rise to 20 percent from 15 percent, unless Congress acts. . . .The capital gains tax will rise to 23.8 percent in 2013, to help pay for health-care [...] Wall St. Journal: “if the Democratic economic policies continue nevertheless, this year will be nothing like the bitter economic January we will be living in a year from now. Government spending has already hugely increased, and so has the size and scope of government, but next year there will also be substantial tax [...] Phoenix Business Journal: See the story in the October 16, 2009, edition of the newspaper that summarizes some of the new tax rates. |
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