REAL IMPACT OF A TAX INCREASE

Here are some interesting statistics that came out of a new study by the Heritage Foundation regarding President Clinton's 1993 tax increase:

Based on the economic model used by the government and Fortune 500 companies, the tax increase has reduced the growth in employment by 1.2 million jobs. In addition, the tax prevented the startup of 40,600 new business. And the tax resulted in $264 billion less in disposable income for the millions of middle-class Americans hit hardest by the increase.

Unfortunately, the impact of tax increases isn't reflected in official government reports. But all those Americans who have been hit hardest know what's going on. They are likely to remember when it comes time to vote in November.