By Chuck Lehmann —— Bio and Archives--October 23, 2017
American Politics, News | Comments | Back To Full Article
That's an economic principle that the loony left liberals don't seem to understand or grasp. Anytime tax cuts are proposed and enacted, the economy prospers and along with it the wages of employees increase exponentially. When corporations (and individuals) are able to keep more of their income (money), they will spend it for more goods and services and expanding their business, not hoard it away “in the mattress”.
The argument against tax cuts is that it will increase our total deficit by cutting down on the revenue that the government collects and needs in order to run the government. But, if history is any precedent, when tax rates are reduced to fair levels, the revenue to the government actually goes up. When presidents JFK, Ronald Reagan, Bill Clinton, and George W. Bush lowered taxes the revenue to the government went up. Sound crazy, that by lowering taxes the revenue goes up, well, let's try to make some sense of this dichotomy.The Comment section of online publications is the new front in the ongoing Cancel Culture Battle.
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