Great Article that Debunks the Myth that Tax Cuts "Cost" Money

[NYcarbineer]

Real Clear Markets is carrying a great article by Dr. Ben Voth of SMU that debunks the myth that tax cuts "cost" us something. He shows, as have I, that every major tax cut in recent history has been followed by a large increase in federal revenue. Here's an excerpt (followed by links):

In the current debate, we are told as we have been told by the commentary class since at least the 1980s, that the tax cut will be costly. It will “cost” more than a trillion dollars. It will blow a hole in the deficit. This rhetoric fills newspaper articles designed to attack the tax cut as illegitimate and a plain political contradiction to the conservative conventions of balanced budgets and fiscal responsibility. This turns the tax cut into a wedge device asking conservative Republicans to choose between party affiliation and philosophical fidelity. At the heart of this fallacious misrepresentation is an insidious civic assumption: all taxpayer money belongs to the government. Therefore, any failure to collect potential taxpayer assets is a “cost.” The government owns all and allows individuals to keep assets after it has discovered the true priorities for money in the economy. This all coming from a government that also has the power and freely practices the printing of money for its own ends beyond those found in the assets of the taxpayer. None of this prevents the commentary class from falsely intoning that the tax cut will cost the government.​

The links:

Despite What Lefties Say, Tax Cuts Don't "Cost" Anything | RealClearMarkets

The Disingenuous Tax Cut Debate

Where does he prove that the tax cuts CAUSE the revenue increases?

 

[mikegriffith1]

And a large increase in debt. Reagan tripled the debt.

I thought you just said that Congress is the one that controls the purse strings? Who controlled Congress for most of Reagan's presidency? Anyway, the debt increases that have occurred after tax cuts have happened because of vastly increased spending that has outstripped the revenue increases generated by tax cuts. Tax cuts have never caused a deficit but have always been followed by hikes in revenue.

 

[mikegriffith1]

Where does he prove that the tax cuts CAUSE the revenue increases?

Oh, well, I guess it's just a coincidence that every major tax cut since the early 1900s has been followed by substantial increases in federal revenue. Yeah, just a coincidence.

The Facts About Tax Cuts, Revenue, and Growth

Don't you guys *want* more revenue for the government?

 

[NYcarbineer]

Where does he prove that the tax cuts CAUSE the revenue increases?

Oh, well, I guess it's just a coincidence that every major tax cut since the early 1900s has been followed by substantial increases in federal revenue. Yeah, just a coincidence.

The Facts About Tax Cuts, Revenue, and Growth

Don't you guys *want* more revenue for the government?

First of all, revenues increase almost every year whether there was a tax cut, a tax increase, or no tax policy change at all.

How many years, as far back as we have records, have revenues fallen?

 

[Brain357]

And a large increase in debt. Reagan tripled the debt.

I thought you just said that Congress is the one that controls the purse strings? Who controlled Congress for most of Reagan's presidency? Anyway, the debt increases that have occurred after tax cuts have happened because of vastly increased spending that has outstripped the revenue increases generated by tax cuts. Tax cuts have never caused a deficit but have always been followed by hikes in revenue.

Yes they did. And don't you think all that government spending had a lot to do with the revenue increase? Lots of military spending means companies making all that stuff pay more in taxes.

 

[Brain357]

Where does he prove that the tax cuts CAUSE the revenue increases?

Oh, well, I guess it's just a coincidence that every major tax cut since the early 1900s has been followed by substantial increases in federal revenue. Yeah, just a coincidence.

The Facts About Tax Cuts, Revenue, and Growth

Don't you guys *want* more revenue for the government?

Revenue increases from the spending. When have tax cuts increased revenue without huge increases in spending?

 

[Darkwind]

Yep. Funny thing. The Republicans, while Obama was in office, were attempting to legislate a balanced budget

That's odd. Then why aren't they doing that anymore?

A good question. Why don't you ask them?

 

[g5000]

Real Clear Markets is carrying a great article by Dr. Ben Voth of SMU that debunks the myth that tax cuts "cost" us something. He shows, as have I, that every major tax cut in recent history has been followed by a large increase in federal revenue. Here's an excerpt (followed by links):

In the current debate, we are told as we have been told by the commentary class since at least the 1980s, that the tax cut will be costly. It will “cost” more than a trillion dollars. It will blow a hole in the deficit. This rhetoric fills newspaper articles designed to attack the tax cut as illegitimate and a plain political contradiction to the conservative conventions of balanced budgets and fiscal responsibility. This turns the tax cut into a wedge device asking conservative Republicans to choose between party affiliation and philosophical fidelity. At the heart of this fallacious misrepresentation is an insidious civic assumption: all taxpayer money belongs to the government. Therefore, any failure to collect potential taxpayer assets is a “cost.” The government owns all and allows individuals to keep assets after it has discovered the true priorities for money in the economy. This all coming from a government that also has the power and freely practices the printing of money for its own ends beyond those found in the assets of the taxpayer. None of this prevents the commentary class from falsely intoning that the tax cut will cost the government.​

The links:

Despite What Lefties Say, Tax Cuts Don't "Cost" Anything | RealClearMarkets

The Disingenuous Tax Cut Debate

If you collect less than you spend, you have a deficit, retard.

This tax "reform" plan will collect less than the Republicans are spending.

Duh.

You're welcome.



I guess all those years you tards whined about the federal debt was bullshit.

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