Budget Sense: Clinton Tax Hikes Slowed Growth

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September 11, 2012 News and Analysis on Your Money in Washington

More Taxes = Less Growth President Barack Obama argues that President Bill Clinton’s economic record is proof that the current economy would grow if Congress passed the tax hikes he has long proposed. The American public should not fall for this misleading argument.
CBO: With Continuing Deficits, Recession Threatens in 2013 What's the price of Washington’s failure to deal with Taxmageddon and the fiscal cliff?A massive increase in the unemployment rate, translating to about 1.6 million more Americans out of work. Get the In-Depth Analysis >>
Rising Deficits Drive Debt Limit Higher, Faster The Budget Control Act, a result of the contentious 2011 debt ceiling debate, increased the debt limit by $2.1 trillion, but failed to rein in the key driver of spending and debt: entitlement spending. Congress first placed a statutory limit on the national debt in 1917. It has been raised 13 times since 2001.  Share this Chart and Get More Online >>	Cut Government Spending Goal Gains Ground  From news headlines to the conventions, the movement continues to grow. Read and Comment Now The New Flat Tax: As Simple as 3-2-1  To grow our economy, we need reform to simplify taxes  Watch and Share Video Now U.S. Falls in World Economic Competitiveness Rankings  World Economic Forum report says U.S. lacking in global competitiveness. Read and Comment Now

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