It has long been a core belief of both conservatives and libertarians that there should never be any net tax increases. Yet this has recently come into question in the U.S., with some prominant persons saying that the fiscal situation is so bad that some tax hikes are necessary.
I was recently privileged to moderate a Roundtable Discussion by the Americans Future Foundation in Washington DC on tax policy with 4 our the U.S's most prominant centre-right analysts/advocates on tax policy to discuss just that.
Speaking on the Panel are:
Joe Henchman, Vice-President of Operations at the Tax Foundation
Matt Moon, New Media Strategies and formerly Deputy Research Director of the Republican National Committee
Ryan Ellis, Federal Affairs Director at Americans for Tax Reform
Curtis Dubay, Senior Policy Analyst in Tax Policy at the Heritage Foundation
Parts of the discussion are U.S. centric, but the vast bulk is still applicable to Australia. It get off to a slow start, but then picks up, so if you have the time, you can watch below!
Tim Andrews
Tim
I did manage to watch the video and interesting. I have a question though when one of the panel said just wait for revenues to rise through growth was he actually meaning bracket creep in regards to income tax? To me this is a tax increase but it is passive.
Posted by: kelly liddle | November 23, 2011 at 05:48 AM
Glad you found it interesting.
And no, I don't think that that is what was meant, rather what was meant was that as the economy grows overall, then net tax receipts will automatically grow with it.
In the U.S. also the thresholds increase every year essentially eliminating bracket creep.
Posted by: Tim Andrews | November 23, 2011 at 06:16 AM