I never met a tax increase I didn't like

Senators Barack Obama and Hillary Clinton, if elected, will surely raise our taxes. The Congress, by allowing the Bush tax cuts to expire, will result in a tax increase. Moreover, in order to pay for the new entitlement of universal health care, either Obama or Clinton will have to raise taxes in order to pay for this new governmental program. High tax rates reduce economic growth, because they make it less profitable to work, save, or invest. This translates into less work, saving, investment, and capital which results in fewer goods and services. Furthermore, if the government wants to keep Social Security solvent, it can do one of two things: privatize it (which is not popular) or if the Democrats have their way, raise taxes. The percentage of taxes paid that a current 25-year old will get back from Social Security when he reaches the age of 65 will be -0.82%. In 2017, Social Security will begin to spend more for benefits than it takes in from taxes. In other words, today's Social Security benefits are not safe or guaranteed. After 2041, Social Security will have to cut benefits unless Congress approves massive tax increases-tax increases we can ill-afford.