Democrats and taxes
National Review Editorial:
I do agree that we should run against the Democrats' 88 percent tax hike.
...I think it is the latter. They never cut spending in any meaningful way. They will continue to use spending to buy votes.
The sobering thing is that even the massive tax increases the Democrats wish to inflict upon the nation would not close the deficit that our entitlement programs will produce if left unreformed. A study by the International Monetary Fund estimates that, in order to keep entitlement spending at current levels while stabilizing the debt, every federal tax on the books — income tax, payroll taxes, excise taxes, etc. — would have to be raised by 88 percent. Democrats will be happy to run against entitlement reform, and they will wallpaper the airwaves with vulgar advertisements that show Paul Ryan running granny off a cliff in her wheelchair. But they are really running on an 88 percent tax hike — that or massive, unsustainable deficits....
I do agree that we should run against the Democrats' 88 percent tax hike.
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