Tax cuts aren't giving away anything, they are taking less.
The problem isn't that tax rates are too low, its that spending now, and even more so spending promised for the future, are too high. With no federal income tax, with single digit top marginal rates, with rates similar to what we have now, with rates more like 50 percent, closer to 70 percent, or above 90 percent... It doesn't matter we've never been able to sustain federal spending at recent levels, let alone the levels that are needed to cover future entitlement spending promises.
How do republicans pay for things when they're always cutting taxes?
Since the Democrats want to raise taxes when they get in power, if the Republicans don't cut you get a one way ratchet up. (Yes the post WWII tax cuts mostly started with JFK and Dems controlling congress but that was a different time.)
As to how to pay for things, we just need to pay for less. The feds get a ton of revenue they (and yes this applies to both Democrats and Republicans, it isn't a partisan thing) either fail to control spending, or more often don't even try. |
