"Tax reform is a key element of the Ryan proposal that has already come under attack from the left. Democrats falsely believe that a return to Clinton era taxes, especially on "the rich," is a prerequisite for increasing revenue and bringing down the debt over the coming years. While a "tax the rich more" approach is a useful demagogic tool, the relationship between tax rates and tax revenue is not as simple as it may seem. Furthermore, corruption, inefficiencies, and inequities would likely increase under a strategy that simply raises taxes on the backbone of the existing system."
[American Thinker]
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