Quote:
Originally Posted by dklassen
Under the Reagan tax cuts, revenues to the government almost doubled. Tax cuts always spur the economy. The more people working and spending, the more revenue to the government. Lower the tax rates and people have more of their money to spend and invest. Works every time it's tried.
I've asked the question before. When has a society ever taxed itself into prosperity? Less taxes, balanced budget, less government = a growing economy.
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You are right dklassen. With the threat of tax increases and government takeover of healthcare companies have dropped employees like flies. People have threatened to hold their earnings below $200,000. Lack of enthusiasm and people going Galt have led to significant drop in federal taxes. Meanwhile congress and this administration talk constantly of spending us to oblivion.
Priorities in the White House and Congress are despicable.