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.
Throwing Cold Water on Kendall County’s HOT Idea
Despite persistent affordability concerns, the Kendall County Commissioners’ Court is once again flirting with the idea of creating a controversial new tax to benefit select businesses at the expense of virtually everyone else. The tax in question is the hotel occupancy tax (HOT) and, if ultimately approved, officials would place another financial strain on any person who pays for a hotel room or other lodging, including inns, motels, and short-term rentals. The cost could be significant too. According to one recent report presented to the Court (see pgs. 133...