Raise Taxes Now!
{{#rendered}} {{/rendered}}I was wrong.
Plain and simple, I was wrong.
What I thought would be a mild recession has turned into something worse — maybe much worse.
{{#rendered}} {{/rendered}}I didn't think the government should get involved. Now, I think it has no choice.
If the markets can't correct things, maybe Uncle Sam can.
And maybe, just maybe, politicians demanding a greater government role are right.
{{#rendered}} {{/rendered}}But that government role doesn't come cheap.
They know this.
Belatedly, I know this too. So, let me be clear: We need to raise taxes.
{{#rendered}} {{/rendered}}You heard me right — raise taxes.
Not across the board and hopefully not permanently.
But enough to right some wrongs and pay some long overdue bills.
{{#rendered}} {{/rendered}}The rich have had a nice ride. Paying a little more for the pleasure won't kill them and it won't kill me.
The rich are a treasure trove of potential bucks for the government and for desperately needed government programs — programs aimed at helping close the chasm between rich and poor in this society.
We've tried desperately to bring the poor up. Maybe it's time to teach the well-to-do a thing or two and bring them down.
{{#rendered}} {{/rendered}}They won't miss the money. But maybe they'll get the point.
Yes, it's time to raise taxes and the sooner the better.
Because, yes, I was wrong: Cutting taxes isn't the answer. Hiking them, now, more than ever is.
{{#rendered}} {{/rendered}}Mark it down. This date: April 1st, 2008.
April Fools Day.
Gotcha!
{{#rendered}} {{/rendered}}Watch Neil Cavuto weekdays at 4 p.m. ET on "Your World with Cavuto" and send your comments to cavuto@foxnews.com