The United States is a nation greatly burdened by a prohibitive tax code that stifles prospective economic growth and endangers our future.
...What then of reducing taxes? American history has proven time and again that tax reduction leads to increased economic prosperity, and that while tax rates are reduced, actual tax revenues increase. Why? Simply put, if an economy is growing, more businesses are formed, expanded, and more jobs are created jobs which produce more tax payers, consumers, and thus, overall tax revenues. When a free market economy is actually allowed the freedom to grow, wonderful opportunity is created. When this same economy is stifled by a constrictive tax code, diminished growth and opportunity result.
For example, one need look no further than the Reagan tax cuts of the 1980s. It is a common misconception repeated by Big Goverment advocates, that the Reagan tax cuts caused an increase in the federal deficit. A basic review of the simple historical revenue facts paints a far different picture. The Reagan tax cuts actually produced an inflation-adjusted increase in tax revenue of 28%. Where the budget deficits were truly created was in the big government spending of the Democrat dominated Congress for most of Reagans two terms as president. Each year the Congress promised spending reductions, and each year, these promises were for the most part, unkept. Instead, this Congress took the increases in overal tax revenue and spent even more. And this is not just a Democrat issue the Republicans during the George W Bush presidency did the same exact thing spend far more than what was actually coming in.
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Full article here:
Save America: Lower Taxes Now | Newsflavor
...What then of reducing taxes? American history has proven time and again that tax reduction leads to increased economic prosperity, and that while tax rates are reduced, actual tax revenues increase. Why? Simply put, if an economy is growing, more businesses are formed, expanded, and more jobs are created jobs which produce more tax payers, consumers, and thus, overall tax revenues. When a free market economy is actually allowed the freedom to grow, wonderful opportunity is created. When this same economy is stifled by a constrictive tax code, diminished growth and opportunity result.
For example, one need look no further than the Reagan tax cuts of the 1980s. It is a common misconception repeated by Big Goverment advocates, that the Reagan tax cuts caused an increase in the federal deficit. A basic review of the simple historical revenue facts paints a far different picture. The Reagan tax cuts actually produced an inflation-adjusted increase in tax revenue of 28%. Where the budget deficits were truly created was in the big government spending of the Democrat dominated Congress for most of Reagans two terms as president. Each year the Congress promised spending reductions, and each year, these promises were for the most part, unkept. Instead, this Congress took the increases in overal tax revenue and spent even more. And this is not just a Democrat issue the Republicans during the George W Bush presidency did the same exact thing spend far more than what was actually coming in.
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Full article here:
Save America: Lower Taxes Now | Newsflavor