http://blog.heritage.org/2013/02/26/chart-obama-2013-tax-increase-twice-as-large-as-looming-sequestration/
Tax increases, especially on investors and small businesses, also hurt economic growth in more than one way.
1) By taking more money out of the economy that could otherwise have been spent on growing a business and hiring workers; and
2) By changing the incentives against productive work and investment, which slows growth over the long term.
