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Fiscally conservative politicians need to focus on reducing waste

August 10, 2013

Small government advocates have many fronts to fight when it comes to reducing the size and scope of the Federal Government. Like many I understand how high and uneven tax rates can hinder economic growth. However, I don’t think going after a simplified tax code is where DC politicians that claim to be fiscally conservative should look at this time. Instead fiscally conservative politicians should focus upon reducing government waste.

Below is an interesting infographic provided by Master of Accounting Degrees. Notice how public opinion on government waste has changed dramatically over the last half-century. Back in 1958 43% of Americans believed the government was wasting tax dollars. In 2012 73% of Americans believed the government was wasting tax dollars. That is a huge increase over the last half century.

Looking further down the infographic it can be seen that most Americans care more about how taxes are used; as opposed to how much they are taxed. I believe both issues to be equally important. However most Americans simply don’t care about over-taxation. Most Americans care about their taxpayer dollars being wasted. This is where fiscally conservative politicians need to focus their attention! If DC politicians can put the needs of their constituents over the wishes of lobby groups (that is a big if), real fiscal progress can be achieved. Lets worry about the cumbersome tax system after making headway on reducing waste. By making headway on reducing waste, fiscally conservative politicians can gain enough taxpayer confidence to actually support reducing taxes.

Here is the infographic provided by Master of Accounting Degrees:

No Confidence: America's Declining Opinion of Tax Policy
Source: No Confidence: America’s Declining Opinion of Tax Policy

h/t to Alex Gauthier over IVN for bringing attention to this infographic

  1. Jason
    August 10, 2013 at 10:22 pm

    Very thoughtful post Ken!

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