Posts Tagged ‘Size of Government’

O’Reilly and Taxes

Posted: July 13, 2011 in Taxes
Tags: , ,

In the below video, Bill O’Reilly argues something along the lines of the following:

  1. Because tax revenues as a percentage of GDP are at post-WWII lows, we need more revenue.
  2. To obtain more tax revenue, we need to raise taxes in ways that will not harm the economy.
  3. Raising the federal income tax will harm the economy.
  4. Implementing 1% federal sales tax will not harm the economy.
  5. We should implement a federal sales tax (at least over a federal income tax).

Two questions for Bill:

If the whole [tax debate] thing is class warfare, what does that mean for a flat sales tax?

What is your vision for the size and role of government?