Be Careful What You Wish For

Brief

Be Careful What You Wish For

June 23, 2004

Abstract

Tax cut advocates favor lower taxes and smaller government, but so far they've gotten lower taxes and bigger government. In this Marketplace commentary, Len Burman argues that the resulting deficits will translate into much higher taxes in the future, especially on those with high incomes. In the long run, they may wish they hadn't won so many legislative victories.

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