But since we're already running trillion dollar deficits the ability to cut taxes without the deficit doubling or tripling is limited.
But since we’re already running trillion dollar deficits the ability to cut taxes without the deficit doubling or tripling is limited.
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Why would that be a problem if interest rates are zero?
Laffer curve. Lower taxes=more money in the private sector=more spending on goods and services=more jobs providing goods and services=more tax payers=more government revenue.
It's not about government revenue, it never has been. It's about punishing people for being successful if they don't owe their "success" and their votes to government largess.
The part about that the absolutely terrifies the democrats, the part that has them waking up in a cold sweat every night is more jobs and more self-sufficiency, the less likely people will vote democrat.