REAL WORLD ECONOMISTS KNOW WE HAVE TO RAISE TAXES

No matter what Fats Limbaugh, Sean Hannity say or a hack from the Hoover Institution writes, increasing taxes needs to be part of the deficit solution.

US should raise taxes to help fix deficits, say business economists
By Mark Trumbull, Staff writer / August 22, 2011
Christian Science Monitor

At a time when Republicans in Congress are digging in their heels against raising more federal tax revenue, private-sector economists are sending an opposite signal in a new poll.

Some three-quarters of economists who do forecasting for the private sector say tax revenue should rise as part of efforts to tame unsustainable budget deficits, according to the survey released Monday by the National Association for Business Economics (NABE).

By contrast, 19 percent said tax reform should be done in a "revenue-neutral" way, and 5 percent said reforms should reduce tax revenues. About 250 business economists participated in the NABE survey.