By JD Rucker – Re-Blogged From iPatriot
The evidence has been documented numerous times that cutting taxes improves the economy in ways that replace “lost” revenues for the federal government.
In other words, reduced tax burdens spark economic growth with over time yield a revenue-neutral stance. This is the part about the proposed GOP tax cuts that I like.
There are two big problems with it, though. We haven’t seen nearly the level of cuts necessary to balance the budget or attack the unfathomable debt problem the nation faces. It’s time to slash and burn in DC; we need to eliminated entire programs like Obamacare, agencies like the EPA, and even departments such as the Department of Education.