Snow Says Tax Cuts Will Increase Tax Revenue

[DuncanK]

Originally posted by obiwan18
DuncanK:

This is no different than from BC under the Liberal party or the Klein government.

Reduce taxes, cut spending, encourage investment, and watch the economy turn around.

Of course, one has to be careful not to cut to hard and too fast.

Bush isn't going as far as cutting spending, although they certainly want as little increase as possible. Spending cuts would be very bad.

[DuncanK]

Originally posted by Imran Siddiqui

expecting another dotcom boom?

No, but expecting another economic boom is not crazy. It's how the system works.

Yes, that is how it works. Too bad the next boom will have about as much to do with tax cuts as the last tax cuts had to do with the last boom. The last boom started after taxes were raised.

Trickle down economics is one thing. That itself has been shown time after time not to work, but Snow is saying that tax cuts are going to ballance the budget.

Increased spending would go farther to create growth, but I'm not even going as far as to say that it would ballance the budget.

We were lucky to have a boom in the 90s like that to be able to ballance the budget. Without that boom we would have had a lot of trouble ballancing the budget again. This time its going to be harder, especially with the Social Security deficit.

[MRT144]

Originally posted by Imran Siddiqui

We will have to raise taxes for that anyway.

I thought you were for CUTTING the payroll tax. Be consistant man!

Oh, and I agree with Adam Smith. Tax cuts will help growth. We'll deal with the defects during the boom time (like we did in the late 90s).

only to let a dolt **** it all up with tax cuts when they werent needed