Loathing Taxes

by Vince

The GOP way:

 The GOP doesn’t just hate taxes. They hate taxes so much that theirstated position is they’d prefer no deficit reduction, and even a default on the debt ceiling, to even a dollar in new taxes. They hate taxes, in other words, more than they like balanced budgets, or fear a federal default. Hating taxes is the absolute, number-one core belief of the modern GOP.

A recent history lesson is helpful:

 “In the 1990s, we raised taxes, particularly on the rich. And a lot of these people were saying our tax increases were going to kill the economy. But remember what actually happened? We got rid of our deficits and the economy grew really robustly for 10 years. And what if it happened again? We might get rid of our deficits and the economy would grow really robustly for another 10 years. Maybe it’s good for the economy to actually get the deficit under control.”

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