Thursday, June 28, 2012
A Tax Is a Tax Is a Tax
Of course the stock market dropped about 130 points. Twenty new or higher taxes across-the-board are bad for economic growth, bad for job hiring, bad for investors, and bad for families.
A tax is a tax is a tax, according to Judge Roberts. But he forgot to say that if you tax something more, you get less of it.
Presumably Mitt Romney will make this case in a major way. Hopefully he won’t forget that Obamacare is not just a huge tax hike. It’s also a major new spending entitlement that’s already pegged at $2.5 trillion and will increase the federal debt burden much faster than the GDP expands.
In other words, tax, spend, regulate, borrow. The Obama mantra. Romney must go after it -- time and time and time again.
Bankrupting the economy is not exactly a job-creator.