If We Increase Taxes, We Decrease America's Standard of Living

By Dr. Gerard Lameiro

More taxing and more spending is precisely the wrong strategy to take in this anemic recovery with over 92 million people who are not working.  I might add that the administration's third leg of their strategic policy triad, namely a whole lot more regulating of the American economy, is also counter-productive and a boat anchor on economic growth. Increasing capital gains tax rates is a roadblock to economic growth.  In examples throughout the last century, we know that lower capital gains tax rates act as an incentive to capital formation and investment, new business formation, new products and services, and new jobs.  Ultimately and ironically, even government revenues get a boost with a more robust economy with lower marginal capital gains rates. [more...]