SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: RetiredNow who wrote (544248)1/16/2010 10:40:50 AM
From: i-node  Read Replies (2) of 1574889
 
>> So Tax cuts that cause massive deficits are good for the economy?

I refer you to the Laffer Curve which has consistently, time and again, been shown to be correct. Cut taxes, you're going to see increased revenue.

I'll make just a couple of points about the period following the GWB tax cuts, which have been repeated by defenders of supply side for years --

- After the cuts, tax revenue remained above the historical average;

- The budget deficits after the GWB cuts were a result of increased spending, NOT of decreased revenue;

- After the 2003 capgain rate cuts, capital gain revenue soared, as it always has throughout history (and in spite of massive caploss CFs from the prior years);

What you seem to miss is that tax revenues correlate more closely with economic growth than they do with tax rates. This is important --



Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News