OK, mistake #1 in my book. Tax cuts do NOT have a cost, as has been demonstrated more than once in our fairly recent past. Assuming that tax cuts have a negative impact on the economy is only surrendering a fundamental point to the Keynesians/progressives, i.e., that tax cuts have to be “paid for”.
Yup - you beat me to it!
Exactly!
Tax cuts more than pay for themselves.
Reagan had a top rate of 28%. When Reagan took office, the IRS was taking in $500 billion a year. When he left office eight years later, the IRS was taking in $950 billion a year.
The deficits were caused by increased government spending by the democrat controlled House....the dems controlled the House during the entire eight years of Reagan....and the fact that we had to rebuild our military, which suffered under Carter and previous administrations. Peace through strength.
Libs always say, “how are we going to pay for it?” when it comes to tax cuts, but they NEVER ask “how are we going to pay for it?” when it comes to a new or expanded government program.
“Tax cuts do NOT have a cost”
Worth repeating, again.