We do not have strong empirical evidence linking people's expectations of future deficits to current spending behavior, because expectations are hard to measure; the reliable evidence is the direct effect that higher taxes discourage whatever is taxed, and common sense that future higher taxes are already on the books.
factualpending
Speaker
John TaylorEvidence Quote
“you don't have you just have to go with what you know will affect the behavior which is the tax increase”
Created: 6/15/2026, 9:17:28 AM
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