How to Avoid the Fiscal Cliff
Having squandered most of 2012 with posturing and delay, Congress and the President are now careening toward a budgetary precipice of their own making. We will reach the fiscal cliff just after New Year’s Eve—bringing a nearly $500 billion tax hike in 2013 and a devastating 10 percent reduction in national defense spending—unless Washington changes course.
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 | Boehner’s Olive Branch: More Revenues, Through Growth
Sometimes in post-election America, there is excitement about what the future will bring. This time around, the prospect is rather horrifying. America is racing, pedal to the metal, toward the fiscal cliff. Pro-growth tax reform generates more revenue by economic growth alone.
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Increasing Tax Rates Does Not Necessarily Lead to Higher Income Tax Revenue Tax cuts can create incentives for individuals to work, save, and invest, which can generate more revenue. The most dramatic decline in the top individual income tax rate, from 70 percent to 28 percent, occurred during the Reagan Administration, during which tax receipts remained relatively constant as a share of the economy.
PERCENTAGE OF GDP
| |  | Mr. Speaker and Mr. President: The Way to Save the American Dream
How both parties can work together to restore US growth
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 | VIDEO: Even Kids See Why It's an Entitlements Crisis
New animated short explains why we're headed for danger
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 | The Lurking Dangers in the Hubbard Tax Hike Compromise
Should we presume tax hikes are "inevitable"? Not if we want the economy to grow
Read the Full Report
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