Sunday, March 20, 2005
A Great Insight on Tax Increases
However, tax decreases, in my not so humble opinion, do create more revenue in the long-term. But the general point holds. More revenue creates more government. Government has little ability to control spending.
But many other GOP leaders oppose any tax increase of any kind at any time, for one reason. It was stated for me this week by Mississippi Gov. Haley Barbour, who was deputy to Daniels in the Reagan White House. ''Raising taxes,'' said Barbour, ''is the enemy of controlled spending.'' More revenue inevitably generates more government. Barbour has fought all tax increases and intends to veto an increased tax on cigarettes if it passes the Legislature.
However, tax decreases, in my not so humble opinion, do create more revenue in the long-term. But the general point holds. More revenue creates more government. Government has little ability to control spending.
