Quote:
Originally Posted by spence
We are currently running a very large budget deficit. A cut in taxes therefore has to be PAID for by BORROWING more money. So not only does your tax cut generate a fraction of benefit for the investment, a lot of that benefit is wiped out to service the loan on the debt necessary to create the tax cut.[/B]
-spence
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Then why do we have "tax free days"?? And why did Obama and Bush try stimulate the economy by sending people a tax refund?? Why do towns and states give tax breaks to corporations to set up shop there?
You can take 100% of the money from the wealthy and it won't dig us out of this hole. Not even close.
I think you need to pay a higher rate.
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