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Americans for Tax Reform publishes s a "Cost of Government Day" report every year, which calculates how long the average American must work to pay for the full costs of government spending and regulation. The 2011 version just came out and it isn't encouraging.  Here's the bad news: 

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Editor's note:  Politico.com asked me if "closing tax loopholes" as proposed by Barack Obama to raise revenue amount to a tax increase?  My answer is below and can also be found in the Arena on their website.

Whatever a politician chooses to call it, when the government takes more money from a business or and individual, it is a tax increase. Additionally, how can government - even a president - determine what is a "fair" portion to confiscate of income earned by someone else? 

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