Powder Blue Report

News, finance, politics, sports, and fun from the west coast

Wednesday, July 13, 2005

Liberals Proven Wrong Again On Tax Cuts

The democrats worst nightmare is coming true. In what can only be seen as a sharp rebuke to liberals who think tax cuts shrink government revenue, tax receipts for corporate and individuals are up a nice 15% over last year. Liberals/democrats believe that if you cut taxes you will decrease revenues. Once again that has proven to be a fallacy just like when Reagan cut taxes in the 80's and doubled government revenues in the process. When you cut taxes you give people and businesses an incentive to grow. Now if the republicans would only keep spending in line with population growth and inflation we could really make some progress. Here is the link for the NY Times story.


Post a Comment

<< Home