What is the advantages and disadvantages of cutting taxes?

Question

As it has always been a strategic move for the REPS.

Answer 1

The idea of cutting taxes. It depends on that taxes that are being removed. EX remove a cooperation tax and it'll hurt the American people and the cooperation's will just get greedier and spread like walmarts do!

Answer 2

Cutting taxes usually means more money in the hands of taxpayers...who then spend it on various things that they might not otherwise do. This is what is meant by "stimulating the economy". (of course, if you don't make enough money to be required to pay taxes in the first place, you will not get a "refund" -- duh.)

We have seen this in recent years. The economic boom we are experiencing in America is a direct result of Bush's tax cuts. Consider the logic: When you cut taxes and the economy "grows", the total amount of money going to the government actually goes up -- even though, each person may be paying less.

Businesses need to hire more people...these new workers pay taxes. The unemployment rate, currently at an all time low, (4-5%) tends to reinforce this argument.

Rush Limbaugh discusses this regularly -- give him a listen. Even if you find yourself holding tightly to the liberal view, this will at least give insight into the opposing viewpoint, and make for a more interesting discussion.

Answer 3

The advantages are it puts money in the hands of more productive people.This raises our overall living standards.The government tax system as it is,punishes productive people.That's bad for everyone.Another advantage is more productivity means more revenue to pay off the national dept.

Disadvantages-none I can think of.any.