Lesh
Diamond Member
- Dec 21, 2016
- 83,248
- 41,646
- 2,615
Tax cuts do not generally increase revenues. That’s a GOP fallacy I have been hearing for three decades.
While it’s true that some capital gains cuts can increase revenues in the short term as the wealthy take advantage of them, that’s not what we are talking about.
The big across the board tax cuts never “pay for themselves”.
For instance, a two billion dollar tax cuts never would have to generate two billions dollars in increased revenue just to break even.
They never do that. Not even close.
Republicans point to increased revenue year over year and say … see?
Wrong. Revenue always increases year over year unless we are in a recession.
It’s just an excuse to give the wealthy a tax cuts. Do they throw a bone to the middle class? Yeah but only to get them to go along with their real agenda.
Tax cuts for the rich
While it’s true that some capital gains cuts can increase revenues in the short term as the wealthy take advantage of them, that’s not what we are talking about.
The big across the board tax cuts never “pay for themselves”.
For instance, a two billion dollar tax cuts never would have to generate two billions dollars in increased revenue just to break even.
They never do that. Not even close.
Republicans point to increased revenue year over year and say … see?
Wrong. Revenue always increases year over year unless we are in a recession.
It’s just an excuse to give the wealthy a tax cuts. Do they throw a bone to the middle class? Yeah but only to get them to go along with their real agenda.
Tax cuts for the rich