April 10, 2015
WE ARE ALL NEOCONOMISTS NOW:
Congress Can Raise Your Income 10 Percent By Updating the Tax Code (Curtis Dubay, April 10, 2015, Daily Signal)
Congress could raise your family's income by 10 percent, or maybe even more. And it could do it with a policy reform that has the support of 71 percent of the American people.Even better news is this is not some big-government spending program that would deliver a 10 percent raise. Instead, it's tax reform.The Tax Foundation, in a recent study, found that if Congress implemented a consumption tax, the economy would grow by 15 percent and wages by 10 percent.
It's not really a question of whether but of how quickly we move to away from taxing the money we make to the money we spend.
Posted by Orrin Judd at April 10, 2015 5:07 PM
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