[Dog Gone]

Tax cuts always work.

[USFRIENDINVICTORIA]

"Tax cuts always work."

It's more accurate to say that tax cuts work more than liberals (including our Canadian Liberals, and socialist New Democrats) believe.

Even Laffer, (he of the Laffer Curve) believes that there's a point where lower tax rates will yield lower revenues. Liberals thought the U.S. was already past that point. Apparently, you actually weren't there yet. In Canada, we're way, way above that point.

[taxcontrol]

So does spending constraint.... which is the other half of the equation that both parties appear to be missing at the moment.

[ChessExpert]

Tax cuts always work.

I think the history of tax cuts has been favorable: roaring 20s, Kennedy, Reagan, Bush. Tax increases include the Smoot-Hawley tariff (Great Depression), Bush I ("no new taxes"). Some people point to Clinton's tax increases as a success for taxes. I gather that tax rates went up somewhat and revenues a lot, while Newt Gingrich "slashed spending." We could use some Gingrich style slashing today, excepting Defense.