RE: Where would you like your tax dollars to go?
March 21, 2017 at 11:53 pm
(This post was last modified: March 21, 2017 at 11:54 pm by The Industrial Atheist.)
(March 21, 2017 at 1:46 pm)popeyespappy Wrote:Not only that, but tax cuts and deregulation tend to cause a boom and bust cycle. See the Great Depression or the Great recession when Bush Jr was president.(March 21, 2017 at 1:30 pm)Aroura Wrote: As I said, I agree that cuts alone won't fix the US debt. We need increased revenue. Sadly, that does not seem likely for at least 4 years. Our debt is only going to continue to get worse.
According to republican math tax cuts = increased revenue though economic growth. While history does show lower taxes often leads to faster growth, more often than not it also shows that the growth is not enough to increase revenue by the predicted amount.