"So arguably the single best way to cut the deficit is to make sure that any deficit-cutting plan does not also cut economic growth. Ideally, it will lift growth."IN 2007, THE BUSH TAX RATES YIELDED THE US TREASURY THE GREATEST AMOUNT EVER.
THE USG IS COLLECTING LESS NOW THAN IN 2007 NOT BECAUSE TAXES ARE TOO LOW, BUT BECAUSE ECONOMIC ACTIVITY HAS DECREASED AND IS GROWING IS TOO SLOWLY.
WE NEED ECONOMIC GROWTH, NOT NEW TAXES AND NOT NEW REGS.
NEW TAXES AND REGS WILL SLOW US DOWN MORE.