Wednesday, December 17, 2014

Congressional conservatives want to increase your taxes

No kidding.  Among other egregious inclusions, the trillion dollar spending bill passed last week has a provision that cuts funding for the IRS.  The problem is that the return on investment in the IRS is large.  Reducing the effectiveness of IRS therefore could have the consequence of raising the tax rate in order to keep revenues constant.  This is a classic case of unintended consequences enacted by economic <INSERT YOUR DEROGATIVE HERE>.  Or maybe this is evidence that bipartisanship is not all that it is cracked up to be.

Check out this article in the Washington Post by Catherine Rampell for details. (h/t AZ Daily Star)

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