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To: rbmillerjr

“Spending is the problem, alone, not cutting taxes.”

You are incorrect. Debt is the problem. Any combination of policies that increases the debt is bad. You cannot pretend that one policy is an absolute good while ignoring other policies directly related to it. Reducing taxes while ignoring spending adds to the debt. That makes it bad. I am all for cutting taxes, as long as it does not add to the debt. If you are unable to cut taxes concurrently with reducing spending then we should not be doing it. Unless you are prepared to exempt me and my family from our share of the national debt. In which case you can do whatever the hell you want.


25 posted on 03/16/2018 1:11:18 PM PDT by NRx (A man of integrity passes his father's civilization to his son, without selling it off to strangers.)
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To: NRx
You are incorrect. Debt is the problem. Any combination of policies that increases the debt is bad. You cannot pretend that one policy is an absolute good while ignoring other policies directly related to it. Reducing taxes while ignoring spending adds to the debt. That makes it bad. I am all for cutting taxes, as long as it does not add to the debt. If you are unable to cut taxes concurrently with reducing spending then we should not be doing it. Unless you are prepared to exempt me and my family from our share of the national debt. In which case you can do whatever the hell you want.

"Cutting taxes" is something of a misnomer. The tax rate was cut. This ordinarily leads to an increase in tax revenue. That happened with the tax rate cuts under Reagan.

You could look up federal tax receipts. The tax rate cuts will cause revenue to dip slightly initially and then the revenue increases substantially. (And yes, using constant dollars to remove inflation from the equation.)

Similarly, the opposite happens when tax rates are increased. Get a little bump in revenue initially and then the revenue decreases.

Basically, we're trying to get a smaller piece out of a much, much larger pie.

28 posted on 03/16/2018 1:40:27 PM PDT by OA5599
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To: NRx

“Reducing taxes while ignoring spending adds to the debt. That makes it bad. “

Wrong. Two separate issues. You either don’t understand the Budget process or you don’t understand the macro effect of cutting taxes and its effect on revenue.

Cutting taxes does not cost anything. Revenue coming in is increased and thus generated. The problem is Spending and overspending.

Due to more revenue coming in, you should need to cut spending somewhat less. There is no political will to cut spending or entitlements. Cutting taxes, however is NOT part of the problem.


77 posted on 03/17/2018 7:31:23 AM PDT by rbmillerjr (Reagan conservative: All 3 Pillars)
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