The Republicans are dead WRONG! I hate to say it. I'm Republican. But,.....
You can raise taxes SIGNIFICANTLY without hurting the economy and the wealth creators. For example, the gambling industry produces zero wealth for the nation as a whole. It merely takes from one person and gives it to another. Yes, casino owners get rich, but there is no increase in wealth to the country as a whole.
There are many in the same category as the gambling industry; stock brokers, hedge fund managers, actors, union leaders, TV commentators, all government workers, basketball players, lobbyists, community organizers.... Go ahead and tax these all you want. The country loses nothing.
On the other hand, cut taxes on those who produce actual weal