This blog started out as a companion piece to my book, Musings from the Christian Left (excerpts of which can be found in the July 2004 link) and to support a planned radio show. Now, its simply a long term writing project from a Christian Left Libertarian perspective (meaning I often argue for liberty within the (Catholic) Church, rather than liberty because the church takes care of a conservative view of morality.

Monday, November 26, 2012

Hope in the Face of the Fiscal Cliff | Capital Commentary

Hope in the Face of the Fiscal Cliff | Capital Commentary by Michael Gerson.  MGB: Sequestration is only on the table if they kick a deal on taxes down the road.  It does not make sense to describe both of these taking place automatically.  If a deal were made on taxes, the sequester would be cancelled.  Only if the tax part can't be agreed to will the sequester take effect.  Additionally, it is not the case that tax increases always increase revenue.  Indeed, when Clinton raised taxes on just the wealthy, growth went up.  In addition, if most workers were to face a tax increase, most employers would offset it with an increase in gross wages.  No one likes an under-motivated workforce.

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