After all, any tax reduces the incentives to work, save, and invest.
Both have raised the possibility of having to increase taxes to reduce the deficit.
But after a few years the reduced tax would reduce revenue, to the tune of at least $4 billion a year.
Others want to use the new taxes to reduce the deficit.
"Is it obvious that we should raise taxes to reduce the deficit?"
They all want lower taxes, less welfare, reduced Government regulation.
And not everyone agrees that a higher tax would reduce fuel use.
The first task is to cut Government spending and raise taxes to reduce the 7 percent budget deficit.
A $10,000 average tax among participants would reduce the odds of success to 1 in 1,000.
In fact, the tax will reduce net state revenue over the long term.