I testified earlier today before the Joint Economic Committee about budget process reform. As part of the Q&A session after the testimony, one of the Democratic members made a big deal about the fact that federal tax revenues today are “only” consuming about 15 percent of GDP. And since the long-run average is about 18 [...]
Archive for July 27th, 2011
Debunking the Left’s Tax Burden Deception
Posted in Congressional Budget Office, Fiscal Policy, Higher Taxes, Joint Committee on Taxation, Tax Increase, Taxation, tagged Bruce Bartlett, CBO, Congressional Budget Office, Fiscal Policy, Higher Taxes, JCT, Joint Committee on Taxation, Tax Increases, Taxation on July 27, 2011 | 3 Comments »
A Message from Soros: Regulation for Thee, but Not for Me
Posted in Government intervention, Hypocrisy, Regulation, Statism, tagged George Soros, Government intervention, Hypocrisy, Regulation, Statism on July 27, 2011 | 1 Comment »
I think it may be time to update the dictionary definition of irony. George Soros, the billionaire who finances statist organizations and causes in order to promote more government, has decided that he doesn’t want to deal with some of the new regulatory burdens resulting from the Dodd-Frank bailout legislation. Consider this blurb from the [...]
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