But the other half of the equation, public spending, negates much of that progressivity.
On issues such as economic regulation, public spending, and taxes, libertarians tend to roll with the conservative right.
Soon these obligations must be serviced with higher taxes or radical cuts in public spending.
Keynesianism is not about public spending per se, but the degree to which outlays exceed tax revenue—the size of the deficit.
The combination of a sluggish economy and public spending cuts was always likely to cost the government a great deal of goodwill.
public spending on a baseball stadium, football stadium and an arena is a proven financial failure and bad public policy.
It has stopped public over-borrowing and has put some check on extravagance of public spending.
But great as our tax burden is, it has not kept pace with public spending.