.Why is it so widely accepted that decreasing the marginal tax rate on individual tax-payers automatically results in decreased tax revenue for government? If we accept that premise we have already half lost the argument on taxation.
"Marginal tax rate" and "tax revenue" are expressions we need to use every time until everyong knows what they mean. Politicians and pundits like to say tax hikes when they are talking about rate hikes. Even if they aren't confused, they want voters to be confused. It's our job to get the point across. Most talk radio people hate numbers themselves. Maybe we'll even teach them.
Totally agreed. Democrats must have failed calculus if they do not understand the Laffer curve.