Low Taxes Worsen the Recession

“Higher marginal tax rates mean more resources for job-creating, wage-generating public investments.” Slate.com says liberals agree: higher tax rates are a step away from debt. “Though the Reagan zeitgeist created the illusion that taxes stunt economic growth, the numbers prove that higher marginal tax rates generate more resources for the job-creating, wage-generating public investments (roads, bridges, broadband, etc.) that sustain an economy. They also create economic incentives for economy-sustaining capital investment.”