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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Brumar89 who wrote (621176)	7/26/2011 7:45:56 PM
From: TimF	Respond to of 1576081

When you don't have large deficits, and you do have very high tax rates, its not uncommon, even normal, for tax rate cuts to increase revenue. At lower rates, and with huge deficits, with all the government spending we have now, being financed by borrowing which also pulls money from the private sector, the issue becomes more complex and uncertain. If we could reduce spending and taxes, that would be good for the economy (and eventually good for revenue, although I don't consider that nearly as important of factor). If we just cut taxes (esp. non-investment related taxes, and esp. cuts that are not cuts in rates, but which are new deductions and credits), when we already have such high deficits, and we don't reduce spending, then it might not work out as well.