Quote:
Originally Posted by graciegirl
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.
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Sound economic principles are based are arithmetic, not feel good platitudes. Most economists are saying the dollars and cents do not add up - for every dollar in cuts, economy activity would have to produce $5 to pay for itself, and that is highly unlikely to occur. The Committee for a Responsible Federal Budget supports tax reform but has observed that tax cuts in 1981 and the early 2000s increased deficits. History does not support this latest attempt.