Surprising?
Posted on Sunday July 9, 2006 at 4:01pm.
Headline from the New York Times: "Surprising Jump in Tax Revenues Is Curbing Deficit"
Surprising? It shouldn't be. A standard argument for tax cuts is that they stimulate economic growth. And economic growth will obviously increase tax revenues. Even with lower tax rates, the government gets more money, because businesses and the wealthy pay more when they make more. Why is this so hard to understand?
Source: NY Times via Drudge
Surprising? It shouldn't be. A standard argument for tax cuts is that they stimulate economic growth. And economic growth will obviously increase tax revenues. Even with lower tax rates, the government gets more money, because businesses and the wealthy pay more when they make more. Why is this so hard to understand?
Source: NY Times via Drudge