Sections

Weather Forecast

Close
Advertisement

Letter: How taxes really work

, 56201
Minnesota 2208 Trott Ave. SW / P.O. Box 839 56201
Email

I found Christina Romer's (the Obama administration's chief economic advisor, recently resigned) report from 2007 that the "impact of changes in the level of taxation on economic activity have a large, rapid, and highly statistically significant negative effect on output."

So if the candidate for, say, the governor, wants to raise taxes to solve the spending problem, it works just the opposite. It will reduce the revenue to the state.

Carl Lundell

Granite Falls

Advertisement
Advertisement
Advertisement