<?xml version="1.0" encoding="utf-8"?><rss version="2.0"><channel xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:wfw="http://wellformedweb.org/CommentAPI/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:sy="http://purl.org/rss/1.0/modules/syndication/" xmlns:slash="http://purl.org/rss/1.0/modules/slash/"><title>HotAir</title><link>https://hotair.com/headlines/archives/2012/11/13/the-fiscal-delusion/feed/</link><description>HotAir is the leading conservative blog for breaking news and commentary covering the Biden administration, politics, media, culture, and current elections.</description><language>en-us</language><lastBuildDate>Tue, 09 Jun 2026 11:11:01 -0400</lastBuildDate><item><title>The fiscal delusion</title><description>&lt;![CDATA[A recent report by the Hamilton Project, an economic policy project on whose advisory council I serve, reviewed 23 studies of the impact of tax-rate changes on the propensity to work and found that most of them concluded there was no meaningful effect. Tax expenditure reductions, on the other hand, will not raise nearly the revenues needed for sufficient deficit reduction without increasing taxes on the middle class significantly and are likely to disrupt important social and economic goals, though many economists don’t acknowledge that.]]&gt;</description><pubDate>Tue, 13 Nov 2012 18:12:40 -0500</pubDate><creator xmlns="dc">&lt;![CDATA[Allahpundit]]&gt;</creator><enclosure url="" type="image/jpeg" length="123" /><link>https://hotair.com/headlines/2012/11/13/the-fiscal-delusion-n97446</link></item></channel></rss>