https://hotair.com/headlines/archives/2013/02/13/why-cant-this-economy-really-get-going/feed/HotAir is the leading conservative blog for breaking news and commentary covering the Biden administration, politics, media, culture, and current elections.en-usTue, 09 Jun 2026 01:31:53 -0400<![CDATA[Higher taxes. Raising taxes to reduce the deficit may be good for the economy in the long run, but in the short run every dollar removed from people’s pockets is a dollar that doesn’t get spent. The two percentage point rise in the payroll tax will have a direct negative effect on the spending of working Americans. Rough estimates of the overall fiscal cliff deal are that GDP growth will be reduced by about 1.5 percentage points this year.]]>Wed, 13 Feb 2013 18:50:49 -0500<![CDATA[Allahpundit]]>https://hotair.com/headlines/2013/02/13/why-cant-this-economy-really-get-going-n100118