Tax cuts don't create debt. Spending over and above revenues does.
If you understand that spending above revenue creates more debt than why don't you understand less revenue means more debt?
So you argue for tax increases because spending is out of control. Or maybe disallow ordinary business expensing as a way of increasing government revenues. You can't take people's money from them and expect commerce to continue on its merry way.
As an example, if I hire a geologist to do a study before I drill a well then that's called an "intangible drilling cost". Obama wants to do away with that. If you hire an architect before you build an apartment building, that's also an "intangible cost", but you get to deduct it as a business expense whereas I would not get to deduct my "intangible". Does that seem fair and reasonable?
I argue for tax increases regardless of whether or not spending is high. Like I said, even if over-spending isn't a problem (I agree it is - It's called defense spending), we would still be several trillions in debt. The revenue generated from business doesn't do shit to offset the revenue lost from big tax cuts. It's too small. Right now revenue is 16% of the GDP which is near the historic low. In 2000, it was at 20%. Raising taxes actually helps the economy if raised responsibly. Take the 1950s. That was a time of great economic growth but the tax rate percentage on the wealthy was much higher than it is now.
God damn you liberals are like a brain dead Parrot you dont have a clue what it was like in the 50s with the tax loop holes, tax code, lack of regulations that we have today, europe in ruins
And the lack of civil.rights
Why do liberals always want to bring us back to the 50s ?
Do they secretly want darkies back in the bus?