Investor’s Business Daily ran an editorial depicting a possible Democrat controlled lame-duck congress ramming unpopular legislation down the throats of the American people. They also mentioned what ATR is calling the largest tax-hike in the history of the United States. “If no changes are made, Americans at all income levels will see tax hikes ranging from 12% to 50%. Even if Congress jacks up taxes only on the highest earners, the economy will still take a huge hit.”
Republican Senate Candidate, Marco Rubio has long been a strong advocate of limited taxation according to the St. Petersburg Times. “He's the most pro-taxpayer legislative leader in the country,'' said Grover Norquist, president of anti-tax advocacy group Americans for Tax Reform.”
In his syndicated column for North Star National, Herman Cain highlights what the worst tax hikes in the history of the United States will look like. “The reality of these punitive policies is that they will not generate a net increase in tax revenues, because they discourage taking business risks to create jobs, as well as marriage, savings and dying.”