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1 posted on 02/04/2013 1:13:11 PM PST by jazusamo
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To: jazusamo
Reductions of the capital gains tax rates in 1978, 1997 and 2003 all led to increased revenues from that tax.

Democrats will look right into the camera and tell the public that lowering taxes to increase revenue is a lie...never happened....a Republican myth.....etc.

The media will never correct the speaker(s).

2 posted on 02/04/2013 1:20:40 PM PST by DeFault User
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To: jazusamo

We have exactly two brilliant people in this country who should either be in office or be shaping policy for those in office: Thomas Sowell and Newt Gingrich.

Needless to say, neither one of them is popular with the GOP-e. Personally, I think it’s because the latter group can’t understand a word they say (despite the fact that they are both excellent writers and everybody here on FR can certainly understand them).


3 posted on 02/04/2013 1:23:22 PM PST by livius
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To: All
Prophets and Losses: Part I
4 posted on 02/04/2013 1:47:33 PM PST by jazusamo ("Mercy to the guilty is cruelty to the innocent." -- Adam Smith)
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To: jazusamo
But the Congressional Budget Office was wrong, not simply about the amount of the tax revenue increase, but about the fact that the capital gains tax revenue actually fell.

I may expect too much from Dr. Sowell, he definitely knows better.
No, the CBO has no authority to correct Congress; as a result, they are "wrong" more often than not.
The CBO is obligated to analyze what they are given by Congress, including assumptions made, with double counting and absurd projections.
They may question only the math, not the absurd assumptions and future projections made.

6 posted on 02/04/2013 6:14:56 PM PST by publius911 (Look for the Union Label -- then buy something else)
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