P&S and STO Death Blow's Message Board

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Strategies & Market Trends : P&S and STO Death Blow's

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To: James F. Hopkins who wrote (20169)	12/15/2002 4:26:59 PM
From: Abner Hosmer	Read Replies (2) of 30712

Tax receipts more than doubled between the time of the Reagan tax cuts and the time he left office. Problem wasn't the tax cuts, it was that Congress spent $2 for every extra dollar taken in, and Reagan went along with it so that he could get some nominal increases in the defense budget. The vast majority of the extra spending went into entitlements and social programs. It ain't so simple as tax cuts = budget deficit. Tax policy affects human behavior. If the godz in Washington let me keep more of my own money, I'm a lot more likely to actually go out and buy something, have the roof replaced on my house, keep someone else in a job so that they CAN PAY MORE TAXES.

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