If the combination of all these rate increases results in renewed recession, as I and many others believe will happen, the result will be lower rather than higher federal revenues overall.
In other words all types of insider and corporate buying of their own shares and others for cash is down about 50% from the average monthly rate for all of 2011.
In fact, if those tax increases, along with all the other tax rate increases already enacted for next year, cause another recession next year, as I and others think likely unless the rate increases are reversed, the result will be lower rather than higher revenues, and still higher deficits and debt as a result.