Reply To: Nancy Pelosi is Right – The Deal is No Deal: Make the Tax-Cuts Permanent

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#718597
nfgo3
Member

When are you tax cut shtarkers going to specify the spending cuts that will support your proposed tax cuts. Yes, sometimes lower tax rates increase revenues, but sometimes they do not. I personally think Hashem is telling us something when He caused the (human and false) theory that tax cuts always yield revenue increases would be illustrated by something called the “Laffer curve”.

The idea that tax cuts always lead to revenue increases is as plausible as the tooth-fairy story. Deficits grew under Reagan, Bush Sr. and Bush the Dim. Deficits disappeared under Clinton (thanks, in part, to the “new taxes” that Bush Sr. supported, which ended the Republican party’s support for him). Fiscal policy is difficult, and sloganeering, e.g., Reagan’s “government is always the problem, never the solution,” is a poor substitute for careful analysis and hard choices.