Earned Income Tax Credit | Rooting For Gridlock and a Tax Hike

Rooting For Gridlock and a Tax Hike

You don't hear this very often, but I hope my taxes go up next year - and yours, too. I do not have a burning desire to send more money to Washington. I don't have a ton of disposable cash and no better place to use it. I do not buy the patently silly argument, propounded by Treasury Secretary Timothy Geithner and others in the Obama administration, that a tax increase on business owners like me will have no effect on employment. I think a tax increase is going to set back economic recovery, perhaps substantially. Yet I have concluded that a tax increase, and a hefty one at that, is essential to make the point that the money our government spends really comes from someplace.

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