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Growing Chorus of Experts Call on Congress to Block Democrats’ 2011 Tax Hikes

July 30, 2010

This week, a wide array of economists joined Congressional Republicans in calling on Democrats to prevent their planned massive tax hike:

These economists are echoing the analysis by Dr. Christina Romer, President Obama’s chief economist, whose research found that tax hikes “have a very large, sustained, and highly significant negative impact on output.” 

At a time when economic growth remains stagnant and the unemployment rate hovers around 10 percent, these experts recognize that the Democrats’ planned massive tax hike would cripple the economy and destroy jobs.