It is a paradoxical truth that tax rates are too high, and tax revenues are too low, and the soundest way to raise revenues in the long run is to cut the tax rate now...Cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous expanding economy which can bring a budget surplus.
2007-06-01 16:21:17 · 7 answers · asked by Anonymous in Politics & Government ➔ Government
JFK
2007-06-01 16:30:29 · answer #1 · answered by tom 4 · 4⤊ 1⤋
I do not know .But the only way to save America is to put an end Corporate Greed, The average CEO makes 262 times more than the average worker in their company. They continually give themslves a bigger cut of the profit and thro the kibbles to their workers. Isn't that why America was founded, for freedom and prosperity for all. If things do not change the working class may just wake up and scream "To the Guillitine, To the Guillitine"
2007-06-01 23:41:40 · answer #2 · answered by catfur4u 2 · 2⤊ 1⤋
John F. Kennedy, December 1962
2007-06-02 00:19:45 · answer #3 · answered by snickers 3 · 2⤊ 0⤋
Arthur Laffer said that.
Supply side economics and the Laffer curve were his ideas
2007-06-01 23:26:01 · answer #4 · answered by Anonymous · 4⤊ 0⤋
Dunno, but there is definitely an optimal tax rate, or set of rates. That's a basic tenet of Pareto optimality.
2007-06-01 23:25:27 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Reagan tax cuts and exploding budget deficits sure proved that wrong.
2007-06-01 23:25:40 · answer #6 · answered by Anonymous · 1⤊ 9⤋
JFK
2007-06-01 23:41:44 · answer #7 · answered by gcbtrading 7 · 1⤊ 1⤋