Raising taxes on wealthy won't generate much money

2012-12-17T00:00:00Z Raising taxes on wealthy won't generate much money nwitimes.com
December 17, 2012 12:00 am

Here is something to think about if Washington gets their way to increase taxes on the so-called “rich”; this will generate less than $90 billion in new tax revenues.

Did you ever think how long these new revenues will run government? Less than one month. Our debt interest cost alone is $4 billion per day.

This is what they call Keynesian economic policy, the same policy that brought the collapse of Greece and Spain.

Raising taxes in a bad economy never works. That is why cutting tax rates across the board and reducing other federal taxes, like capital gains and corporate taxes, create jobs, stimulate the economy and generates more tax revenues. Proven by both a Democratic and Republican president in 1962 and 1986. All you have to do is the research, like me.

He who does not know his history is doomed to repeat it.

- Mark J. Leyva, Highland

Copyright 2014 nwitimes.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Follow The Times

Featured Businesses

Submit a Letter to Editor

We welcome letters from readers on any issue of public interest, and make every effort to publish as many as we can and in a timely manner. The Times will publish only one letter a month from a writer, and be sure to include your name, address and a telephone number for verification. Letters should be 150 words or less. They will be edited.

Letters may be submitted:
  • Via our submission form.
  • Via e-mail.
  • Via fax: (219) 933-3249 or (219) 465-7298
  • Via mail or by hand to our offices:
    • 601 45th Ave., Munster, IN 46321
    • 2080 N. Main St., Crown Point, IN 46307
    • 1111 Glendale Blvd., Valparaiso, IN 46383
    • 3410 Delta Dr., Portage, IN 46368
    • Please mark envelopes with "Attn: Letters"

Questions?

Email Editorial Page Editor Doug Ross or call (219) 548-4360 or (219) 933-3357

Poll

Loading…

Do you think the Lake County Solid Waste Management District should pay its new director less than its former director?

View Results