Are tax cuts good for our economy?

Question

tax cuts pump money into the economy right?
but they also come with a price: our national debt.
are they worth the opportunity cost?

Answer 1

well you kind of answered your own question but i'll say in a way yes tax cuts are good for the economy in that it stimulates consumerism and allowing people to spend more with their disposable incomes, but as you say it comes with a price.

Answer 2

Letting somebody keep their own private property is almost always a good thing, here in the so-called land of liberty.

Our national debt has everything to do with out-of-control spending. Budget increase of over 700% in 30 years. And a Ponzi Scheme known as Social Security.

And for the record, you can not cut income taxes for poor people, because poor people do not pay income taxes. Do not believe that 'poor people pay all the taxes' nonsense.

We are receiving record revenue receipts right now. When is enough, enough?

.

Answer 3

Tax cut are good for the economy when there is a recession because the economy needs pumping. With an unemployment at 4.4% as it is now, a tax increase would be good because if you don't raise taxes to cool the economy, the fed will raise interest rate to cool the economy. We will running a deficit without any benefit to the economy, and it will have bad long term effects.

Answer 4

Tax cuts are directed toward the wealth, rather than the poor. This is does not have a direct impact on the national debt, such as the war in Iraq, but rather is a theory to stimulate the economy. Tax cuts to the rich are called "supply-side economics" or as it is more commonly known, "trickle-down economics". The theory is such: if the rich have more to spend and to invest, eventually this surplus money will trickle down to the poor. (The rich go to more expensive restaurants and thus give a bigger tip to their server) My opinion is that trickle-down economics is more like pissing on the poor than stimulating the economy.

Answer 5

Hmmm..... You ask a loaded question.