Quote:
Originally Posted by PaulS
I remember the good old days when the Repub. said deficit matters. Now, not so much.
Hypocrites.
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Now, that is true. But, lower taxes, by themselves, don't always increase deficits. Because they can be stimulative. Don't you live in CT? We raised taxes one too many times, and tax revenue collected dropped by 450 million, because it was restrictive, people finally had enough. Tax revenue collected, often does not move in proportion with tax rates levied. There are way too many moving pieces. If revenue always moved in lockstep with price, a Honda dealer could get rich by charging $100,000 for a Civic. Supply and demand gets in the way of that.
What thoughtful people should be advocating for, is what Clinton/Gingrich did. Cut taxes in a way that is stimulative, and cut wasteful spending. It worked when they did it, it worked like a charm. How come no one remembers that?