Location: The Heritage Foundation's Lehrman Auditorium
Very few Washington policy makers want to discuss how Congress
will finance the Administration's version of health care reform,
but few topics under the health care tent could be as important to
the general public. If Congress raises taxes to pay for a
government solution to our broken health care system, then the
economic burden falls on everyone working and saving … not
just on the unlucky taxpayers who end up seeing their tax bills
rise. That means fewer jobs, less income, and slower economic
growth for the entire economy.
Recent essays by two of Washington's leading policy economists,
Dr. Robert Carroll of the Tax Foundation and Dr. Karen Campbell of
The Heritage Foundation, show exactly how the burden of targeted
tax increases is, in fact, borne by everyone who works and saves in
the United States. Dr. Carroll's work focuses on the
additional costs that government imposes on economic activity when
it increases taxes or spending, as it will do if the leading
version of health care reform is adopted. His estimates are
confirmed by Dr. Campbell's forecasts of how much the economy will
shrink if Congress adopts proposals by Congressman Charles Rangel
(D-NY) to raise taxes on upper income taxpayers.
More About the Speakers
Dr. Robert Carroll
Senior Fellow,
Tax Foundation
Dr. Karen Campbell
Policy Analyst,
Macroeconomics,
Center for Data Analysis,
The Heritage Foundation
Hosted By
William Beach
Director, Center for Data Analysis
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