Yes, as the Mayor pointed out, raising taxes when the nation is on the wrong side of the Laffer Curve is foolish.As for the Laffer curve it is too widely used with too little thought applied. It has to include analysis regarding overall economic activity ( ie bubbles like the housing bubble) relative tax rates compared to surrounding jurisdictions ( ie US vs Mexico). In most cases it is used in to far a simplistic basis by far too simple people. Tax revenues may rise or fall after a tax increase or decrease. To state that the tax increase or decrease is the cause without an indepth analysis of the economy is impossible
Raising taxes now is one of the most foolish things ever considered, and is a symptom of the ideological obstinancy of the enemies seeking to tear down this republic and the useful idiots volunteering to help them out of their misguided and emotional, and hence irrational, desire to help to po'.
Wrecking the nation isn't going to help the po', people. It's past time you grew up and realized that. The cliff's edge is approaching fast, the nation needs you people to get away from the controls so the adults can try to fix things.