Quote Originally Posted by Xiahou View Post
Allow me to reiterate- new taxes aren't a good idea in a stagnant economy. Businesses are still grappling with the fallout from Obamacare, they don't need this heaped on as well. Our tax code, is a mess- we should eliminate deductions and lower rates accordingly.. but that's a discussion for another time.
Might not be the best option, but if you're going to pay something back quickly it's most certainly worth it. Say that a total 10% tax increase costs about 0,5% in yearly growth. You only earn money the first 20 years then.

While the example numbers are made up, it's not some fantasy numbers.
May I remind you that there's nations with more than 50% (up to 100%) higher taxes than the US? It might be argued that the much higher taxes has slowed down their growth, you're still talking about 50% increases causing perhaps a 1% slowdown.