General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsOnly on one condition can I accept a tax cut
The GOP always brags about how their tax cuts will supercharge the economy. If we cut taxes millions of jobs will be created, millions of new businesses will be formed, and the new tax revenue from all this growth will more than pay for the tax cut.
Second verse, same as the first: the last time a tax cut actually did all that was when Kennedy cut the top rate from 93 to 70 percent, and that worked for three reasons - lopping that much off your tax bill is going to put serious ducats back in your bank account, the new "computer" thing gave corporations something to invest in, and the new tax rate STILL left enough money in the Treasury to build the Interstate Highway System and shoot men into space.
So...back to it. I can accept a tax cut IF this happens: the architects of the tax cut will create a Minimum Amount of Growth this cut could conceivably produce. Then every member of Congress who voted to pass the tax cut and the President will write a letter of resignation, seal it in an envelope and present it to the Sergeant at Arms. If the cut doesn't produce that much growth, all the envelopes are opened.
mobeau69
(11,144 posts)The puke argument was that businesses needed the assurance that it couldn't go away.
Cedric140k
(11 posts)And I'll support it.