The Briefing Room
General Category => Editorial/Opinion/Blogs => Topic started by: Free Vulcan on October 11, 2017, 05:16:29 pm
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A U.S. president once said, “The federal government’s most useful role is not to rush into a program of excessive increases in public expenditures, but to expand the incentives and opportunities for private expenditures.” He called for an “across-the-board, top-to-bottom cut in personal and corporate income taxes,” as well as a familiar promise that the “new tax bill should improve both the equity and the simplicity of our present tax system.”
The president who uttered those words was not Richard Nixon, Gerald Ford, Ronald Reagan or George Bush. It was John Kennedy in a speech to the Economic Club of New York on Dec. 14, 1962. The same principles behind Kennedy’s speech are the bedrock of the Republican tax reform proposal that was released last month.
Read more at: http://thehill.com/opinion/finance/354910-the-best-part-about-tax-cuts-is-reduced-government-spending
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Of course if we continue deficit spending as Trump appears to be doing, he doesn’t need tax revenues to fund bloated and inefficient government. He’ll simply fund it via deficit spending. What I think we need is a true fiscal conservative in the White House. Sadly, I’m afraid this past election was the last chance in my lifetime for a true fiscal conservative, and we obviously blew it.
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Of course if we continue deficit spending as Trump appears to be doing, he doesn’t need tax revenues to fund bloated and inefficient government. He’ll simply fund it via deficit spending. What I think we need is a true fiscal conservative in the White House. Sadly, I’m afraid this past election was the last chance in my lifetime for a true fiscal conservative, and we obviously blew it.
Mind telling us who you would have prefered? I would be very interested in that information.
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Mind telling us who you would have prefered? I would be very interested in that information.
I voted for McMullin.
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I voted for McMullin.
The CIA slug. Ok. To each his own. Thanks for the honest response.
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I don't see a reduction in revenue as being incentive to cut waste. The waste will go on, because black projects, kickbacks, bribes, and general graft are funded in the margins with 'waste'. What will get cut first are the useful things government actually does, especially if they involve public safety. Look for one less open toll island, and longer lines at the DMV....
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Let's not even talk about waste, I long for the day when tax cuts actually mean reduced government spending.