The Three Tax Increases That Could Save the U.S. Economy

As the debt-ceiling debate escalates, U.S President Barack Obama says federal tax increases are necessary to close the U.S. budget deficit. Although Republicans then said that tax hikes were "off the table," this statement is reminiscent of a toddler who threatens to hold his breath until he turns blue if you make him eat spinach. Given that our elected leaders in Congress just can't seem to curb their spending addiction, the unpleasant reality is that some types of tax hikes are essentially inevitable. Truth be told, I can show you three tax increases that should be enacted. As a taxpayer, that statement will probably make you wince in anticipated pain. But once I've made my case, I'm betting that the investor in you will agree that these three federal tax increases could save the U.S. economic recovery. Let's take a look ...