Tag Archives: tax increases

Are tax increases in our future?

The Knoxville Economics Forum will step into the middle of one of the most divisive issues of the presidential campaign at its April 20 meeting – tax increases.

Jane G. Gravelle, a specialist in the economics of taxation, is the keynote speaker. Her topic: “The Long Term Fiscal Outlook: Are Tax Increases in Our Future?”

Cutting taxes, especially corporate tax rates, are a central theme of the Republican candidates campaign, while President Barack Obama and the Democrats want to raise taxes on millionaires.

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What Rep. Ryan doesn’t want you to know

Despite the constant drumbeat from  Republican budget committee chairman Rep. Paul Ryan and others about how tax hikes will hurt the economy, America’s business leaders know better.

The Committee for Economic Development, a nonprofit, nonpartisan group of business executives and education leaders, today issued a statement urging Washington to consider both tax increases and spending cuts to get the federal deficit under control.

More than 100 top current and retired corporate execs signed the CED statement, including William Donaldson, Chairman, Donaldson Enterprises and former Chairman, U.S. Securities and Exchange Commission; Peter Peterson, a co-founder of The Blackstone Group; Michael G. Morris, Chairman, President and CEO, American Electric Power Co.; Edward B. Rust, Jr., Chairman and CEO, State Farm Insurance Companies; and George Conrades, Executive Chairman of Akamai Technologies Inc.

CED statement: Business Statement on the Nation’s Fiscal Health

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Forbes: Execs say deficit fix should include tax hikes as well as spending cuts

Tax cuts or tax hikes? Clearing up the confusion

If you find recent political yammering about tax cuts/tax increases confusing, it’s not surprising.

Safety+Patrol+TGrip+4+CG.jpgPolilticians of all persuasions — Democrats, Republicans, Tea Party, whatever — have a vested interest in clouding the debate. But the media also shares a big dose of blame for the confusion.
 

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