News
Fox News | Republicans Say No to Tax Hikes, Look for Other Revenues, Benefits Reform
The debt ceiling debate has stalled over the issue of raising taxes, and the Senate minority leader and his chief whip said Sunday they aren't going to allow that to happen.
Blogs
Heritage Foundation | CBO Figures Once Again Prove Tax Hikes Unnecessary to Fix Budget
The CBO calculates that if Congress leaves the tax code as it is today—which would include permanently extending the 2001/2003 tax cuts for all taxpayers (even those greedy, job-producing rich folks and small businesses), patching the alternative minimum tax so it does not impact middle-income families, and continuing a host of other tax-reducing provisions that regularly expire—tax revenues would exceed their historical average of 18 percent of GDP in 2021.
