red states rule
Senior Member
- May 30, 2006
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- #141
I'm just guessing here. If taxes are the government's main source of income then doesn't it follow that if those taxes are cut then the income drops?
Wrong
When you cut taxes that leaves more money in peoples pocket
They will spend, and/or invest that money
It causing economic growth. More people are hired, thus more people are paying taxes
With more economic growth more taxes are collected from capital gaines and corporate taxes (even though the customers of the companies pay the taxes)
Tax cuts have INCREASED revenues for JFK, Ronald Reagan, and Pres Bush