Federal revenues jump from faster growth . . . more than twice what the tax cut was supposed to ‘cos

[endicom]

Canada Free Press
Dan Calabrese
Sept. 19, 2018

If there’s one thing every liberal will do when talking about tax policy (and most “moderates” and a fair number of “fiscal conservatives” as well), it’s to scoff at the notion that tax cuts can pay for themselves.

The supply-side proposition has always been that it’s the growth of the economy, not tax rates, that determines federal revenues. If you look through history, you’ll see that federal revenues are usually right around 18 percent of GDP regardless of what the tax rates are, so the best policies the government can set are the ones most friendly to growth.

This is what will get liberals cackling in derision. And it’s not just them. Every Ferris Bueller fan knows George H.W. Bush called supply-side Something-D-O-O economics (“Voodoo Economics,” said like Ben Stein, thank you very much), because he joined the rest of the Beltway crowd in dismissing the idea that raising or lowering tax rates would ever do anything but raise or lower tax revenues commensurately.

It seems intuitive to you and me that changing tax rates and tax incentives would affect people’s economic behavior, but don’t try to convince the left and their media friends of that.

More... https://canadafreepress.com/article/federal-revenues-jump-from-faster-growth...more-than-twice-what-the-tax-cut

[Bigun]

It has never once failed!

[LMAO]

And yet the deficit and the debt grow.

[To-Whose-Benefit?]

And yet the deficit and the debt grow.

Here's one.

How to cut spending by a half Trillion a year with just one bill.

CMS disburses over a $Trillion a year.

Govt tells Big Pharma their contract is revoked, all of them.

Instead we will be purchasing those Same Big Pharma drugs from other countries and re importing them at half the price we're paying now.