Archive for December 2010

How much do tax rate cuts cost?

Someone please explain how when the Government reduces tax rates (irrespective of revenue), this action somehow “costs” taxpayers more money and therefore needs to be “payed for”? Now, if the argument is that the Government spends X dollars and cannot possibly reduce spending, we have a BIG problem. But, tax rate cuts (or failing to allow increases) do not need to be payed for with tax rate increases. They could cut (and we mean CUT) tax rates and in order to not go further into debt, stop spending so much money.

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