Clearing the Browser Tabs – Reform and Raise Saturday Edition

| July 23, 2011 | 4 Replies

I love this Power Line post by Stephen Hayward on the GOP and taxes. There is a good case to be made for tax code reform that would raise taxes slightly on the nearly half of all workers who don’t currently pay any taxes in exchange for large spending cuts that would increase those same people’s earnings (and career opportunities) though a turbo-charged economy. I firmly believe that a substantially-smaller budget (and I’m thinking about a trillion less a year until we get down to about 18.5% of GDP) would push our economy into growth rates at or above 5 percent for a couple years.

Optimistic? Sure, but we could use a heavy dose of optimism right about now. Besides, I still feel that our economy is straining to burst free and we only await that one crack in the dykes that have hemmed us in. Once that crack is apparent, we can widen it more and more until the economy is flowing freely again.

And perhaps tax reform of the kind Hayward envisions till be a key part of that.

And now, links!

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