If you ran a business during the Bush tax cut era, then you know that although Federal Income tax rates were favorable, the ‘state’ did not lose any revenue.
No one talks about the increase of fees and permits, like the CAT (Commercial Activity Tax) and a UCF (Universal Carrier Fee) that other departments added.
Ezra Klein claimed that the Bush tax cuts ‘for the rich’ cost the government $1.8T. I call BS.
Hauser’s Law proves the Federal Government collects no more than 20% GDP. We don’t want to be breaking the law, now do we?
I have been in business since 1973 and I have been at it at my present business for 38 years. I have NEVER seen things as bad as they are now. Hell... the carter years were boom times when compared to these... and those were awful years!
LLS