We have a spending problem, not one of inadequate taxation. It’s good strategy for the profligate claiming to seek the moral high ground to demand tax increases as a “balance” for any deal to reduce spending.
This strategy wins them acolytes to whom the word “balance” has blind appeal. Counting on the vociferous opposition to any deal that includes higher taxes, the strategy reduces pressure on them to propose spending cuts that might become the first step to a real deal on reduction of government expenditures without any tax increase.
The reality is that new taxes do not reduce excess spending; they simply validate it. Once in place, taxes provide a cover for spending that should be cut. This explains the modus operandi of those insisting upon immediate and permanent tax increases in exchange for mere promises to cut spending.
JAMES K. JEANBLANC