According to The New York Times, The economic proof doesn`t support the anti-tax view. Both raise in tax and reduced spending will lead to slow down the recovery in the short-term, but reduced spending will probably slow it more. However, in the long-term period, the raise in sensible tax will likely to lower the damage to the economic growth and productivity than cuts in government investment.
In addition, in the short-run, raise in the tax and reduced spending may slow down the economy by reducing the demand. Thus, the Americans to hold less money to spend due to the raise of the taxes. Therefore, cuts in spending and less government money would be pumped into the economy.
In addition, in the short-run, raise in the tax and reduced spending may slow down the economy by reducing the demand. Thus, the Americans to hold less money to spend due to the raise of the taxes. Therefore, cuts in spending and less government money would be pumped into the economy.