Quote:
Originally Posted by 8notes
Wrong - experts are giving that a huge question mark - Tax cuts in 1981 and the early 2000s widened deficits. With the new cuts the Treasury will be burning through cash reserves faster than usual. A shortfall of $136 billion is expected due to the tax cuts this year alone. Conservative estimates are that the federal deficit will increase by $2 trillion in the first 10 years. Very few economists are saying the revenue loss would be fully offset with revenue growth. The people spouting this magical thinking are politicians.
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To me, this post seems more political than based in sound economic principles. U.S.Corporations paying less taxes puts them on equal footing with other world businesses in competition with them, allows them to make more money and disperse more money and hire more workers. A rising tide lifts all ships.