actually cutting taxes increases revenue...thus years revenue is up.
if gov has to cut spending so be it... the cut tax flows to the private sector will be more efficient use of resources anyway.
Nope. Tax cuts do increase GROWTH, but not enough to make up for the loss in revenue. The usual rule of thumb is that the growth only makes up 1/3 of the loss in revenue. Due to the latest federal tax cut, the federal 2018 deficit is projected at $804 billion (4.0% of GDP), vs $587 billion (3.2% of GDP) in 2016.
http://www.politifact.com/punditfac...-tax-plan-prompts-question-can-tax-cuts-real/
http://www.politifact.com/truth-o-m...kudlow-wrong-about-deficits-falling-rapidly-/
I am all for tax cuts, and am well aware of the Laffer curve. Interesting theory, but the problem is it has never worked anywhere in real life.
From:
http://www.politifact.com/truth-o-m...pence-says-raising-taxes-lowers-tax-revenues/
... We also consulted a 2006 Treasury Department report that examined the revenue effects of major tax law changes since World War II. The report examined tax revenues generated by various tax law changes as a percentage of the Gross Domestic Product, a measurement that accounts for economic growth and inflation. The laws that reduced tax rates produced declines in revenues, and the laws that increased tax rates produced increases in tax revenues.
Anyone talking about cutting taxes when USA has $21 trillion in debt is a traitor to the republic
Ok so you're a politician and I am paying you $3500 bucks per week and you need another law on the books to make you do what you're suppose to be doing in the first place? Our elites say one thing and do another. Perhaps you've never heard of Mark Levin but he says if there going to spend the money anyways then for gods sake collect the money to do the job instead of accumulating more debt. Another law on books is a complete copout, if YOU ran for the damn job how about doing it then. FGSSo you think I am a traitor because I want my money spent efficiently? That sounds like something we would have heard in Soviet Russia or Nazi Germany. How about reducing spending and eliminating duplicate programs as well as unnecessary ones?
How about mandating a balanced budget to eliminate deficits? Balanced budgets and accountability are patriotic.
Politicians don’t spend money to support the people, they spend to buy votes.
Cut expenses, maybe in candy land or fantasy land where you live but if You ever read the wall street journal or investors business daily or even the Federal Reserve you would find that what Americans do is increase debt. https://www.federalreserve.gov/releases/z1/20180607/z1.pdfMaybe ask if all this money was spent well. It's taxpayers money and taxpayers have the right to know how it is spent. Governments all over the world are very generous in spending other people's money. How many countries have no deficit? What does a family do if they have a deficit? CUT EXPENSES.
We live in a republic here in USA. Most republics don't last long because there so easily corrupted, such as ours is now. People can hold there nose and vote the other guy in and clean house of all of them. I would not consider adding debt without a proclamation of war or some other disaster a thing to be considered patriotic. Somehow all the same yahoos keep getting elected. Pick any member and see how debt how risen under there divine guidance. Not a single one of them deserves the $3500 a week we pay them or more or even there pensions, it's just sad is all.So any former regimes loose spending which we have no say over, only your proclaimed responsibility for is rational? Come on man...you sound like a statist militant ready to jail or get violent on the false premise of treason