...notes in a column about taxes:At a breakfast with reporters the other day, Minnesota Gov. Tim Pawlenty, one of the GOP's rising stars and a more-likely-than-not 2012 presidential candidate, was asked what his reaction would be if the president's debt commission were to recommend a mix of spending cuts and tax increases.
"Not good," Pawlenty said. "I don't think the argument can be credibly made that the United States of America is undertaxed compared to our competitors." Actually, the United States is on the low end in terms of the overall tax burden -- 28 percent of the gross domestic product in 2007, according to the Organization for Economic Cooperation and Development, compared to an average of 36 percent in the 30 OECD countries. Only South Korea, Mexico and Turkey were lower.
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