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Ross Odom (not verified) says:
Joe, along with our primary contenders who don't understand economics, add your name to the list. How many times does the federal treasury have to take in more revenue when tax rates are LOWERED before you believe it? Lower taxes, generally, mean more investment, greater economic activity, more taxes paid. This isn't an opinion, this is a constantly supported economic fact. Not only do higher taxes, in and of themselves stifle investment; as a cost of doing business, they also add to inflationary pressures which lead to rises in interest rates. This is why Bush has advocated reducing tax rates during a time of war.
Joe, along with our primary contenders who don't understand economics, add your name to the list. How many times does the federal treasury have to take in more revenue when tax rates are LOWERED before you believe it? Lower taxes, generally, mean more investment, greater economic activity, more taxes paid. This isn't an opinion, this is a constantly supported economic fact. Not only do higher taxes, in and of themselves stifle investment; as a cost of doing business, they also add to inflationary pressures which lead to rises in interest rates. This is why Bush has advocated reducing tax rates during a time of war.