[Robert A Cook PE]

And WHEN the tax cuts do BOTH?

[pfony1]

Let’s see now:

1. The US cuts tax RATES, which leads to higher economic activity, which leads to higher economic growth.

2. The higher economic activity and growth lead to higher taxable income, which produces higher tax COLLECTIONS, even though tax RATES are lower.

3. Higher tax COLLECTIONS act to “balance” the theoretical lower tax COLLECTIONS which would result from a lower tax RATE and no growth.

So the media has demonstrated its economic ignorance once again...