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Politics : Formerly About Advanced Micro Devices
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To: bentway who wrote (358996)11/16/2007 10:47:48 PM
From: TopCat  Read Replies (2) of 1587473
 
"Also, the tax cutting is supposed to go hand in hand with expenditure cuts to avoid deficits."

The basic flaw in your thinking is connecting tax rates with deficits. Deficits are the result of spending more than revenues...Duh.

Tax revenue IS connected to tax rates. See the Laffer Curve:

en.wikipedia.org

For some more evidence of how lowering tax rates have increased revenues...read this:

mackinac.org

and this:

cato.org

Read the last sentence then go nuts....
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