The trend of recentresearch clearly shows that high taxation has a negative effect on the growth of personalincome, especially at the margins where the poor reside. There are also a number of studiesshowing that high taxes reduce job opportunities and sometimes lead to higher unemployment.
Toward a More Well-Informed Citizenry
The 86th Texas Legislature sought to enhance public debt transparency through the creation of Voter Information Documents (VID). However, this instrument is not accurately providing debt amounts and needs reform. Key points: Governments are manipulating the VID methodology to deny voters accurate tax impact estimates. Many VIDs are dissimilar, making comparative analysis challenging. There is...