Re: Tax Cuts Don't Boost Revenues

On Feb 16, 11:55 am, gjohn...@[EMAIL PROTECTED]
 wrote:
>   No amount of evidence will ever convince usenet Republicans that you
> can't get something from nothing, but here's more evidence proving
> that wrong anyway.
>
> http://www.time.com/time/magazine/article/0,9171,1692027,00.html
>
> If there's one thing that Republican politicians agree on, it's that
> sla****ng taxes brings the government more money. "You cut taxes, and
> the tax revenues increase," President Bush said in a speech last year.
> Keeping taxes low, Vice President Dick Cheney explained in a recent
> interview, "does produce more revenue for the Federal Government."
> Presidential candidate John McCain declared in March that "tax
> cuts ... as we all know, increase revenues." His rival Rudy Giuliani
> couldn't agree more. "I know that reducing taxes produces more
> revenues," he intones in a new TV ad.
>
> If there's one thing that economists agree on, it's that these claims
> are false. We're not talking just ivory-tower lefties. Virtually every
> economics Ph.D. who has worked in a prominent role in the Bush
> Administration acknowledges that the tax cuts enacted during the past
> six years have not paid for themselves--and were never intended to.
> Harvard professor Greg Mankiw, chairman of Bush's Council of Economic
> Advisers from 2003 to 2005, even devotes a section of his best-selling
> economics textbook to debunking the claim that tax cuts increase
> revenues.

Grab your ankles buddy.  When the Dems get in you won't get ant tax
cuts.  If you have a job you'll get a good tax increase.  You deserve
it.