Tax Cuts are Meaningless without Spending Cuts

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.

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Tax Reform Must Be First Priority

By Larry Kudlow – Re-Blogged From http://www.Newsmax.com

President-elect Donald Trump’s transition continues to go smoothly. Better than smoothly. Confidently. More than confidently. Transcendently.

And to top it all off, the Dow is up 9 percent since the election, while economic-sensitive small-caps have jumped nearly 16 percent. These are signs of Trump confidence.

Hard-nosed investment manager Ray Dalio, founder of Bridgewater Associates and a non-political guy, expects the Trump years to be as transformational as the Reagan-Thatcher years. Dalio says the Trump era could “ignite animal spirits” and “shift the environment from one that makes profit-makers villains with limited power to one that makes them heroes with significant power.”

That’s as good a summary as I have found.

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Federal Budget in Pictures

Federal Spending and Debt are Out of Control – Re-Blogged From http://www.heritage.org

If America does not change course, the future will be dramatically worse. Now more than ever, it is crucial that Americans understand what our nation’s spending, taxes, and debt mean for them and their families. The Heritage Foundation’s Federal Budget in Pictures offers a unique tool to learn about the federal budget in a clear and compelling way.

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