Raising taxes during a recession

Isn't that counterproductive to all this "stimulus" we've been hearing about?

The Housing-Bubble blog points out that with the increased tax rates on high income charitable deductions, this is going to be a good time for wealthy people - who presumably give more to charity than those who need the money to pay the bills...unless, of course, they are Democrat politicians - to put their money to other uses.

There are other tax increases in the Obama plan. For example, the Feds are giving money to the state while phasing out income tax deductions on state taxes. That plan amounts to nothing less than a disguised increase in state taxes, run through the federal government, which has the effect of both raising taxes in a recession and centralizing power in the federal government.

Prediction: this recession is going to last longer than it should.