Re: Obama Understands Economics in Spite of Himself
Bruce Geerdes <[email protected]>
| Newsgroups | gmane.music.dadl.ot |
|---|---|
| Message-ID | <[email protected]> |
On Sun, Dec 12, 2010 at 3:39 PM, Mike Findlay <[email protected]> wrote: > Historically lower tax rates correlate to higher tax revenues. It's been known to happen. > The current > deal doesn't have any deduction take aways or loop hole closures does it? Not that I know of. I was speaking of the supposed "overhaul" Obama is considering in the future. > Whether it is scientific enough to say lower tax rates cause higher revenues > I don't know, but there is a certain amount of common sense in it. There is, but we do know there's a limit to the theory. As in, when you've lowered taxes to zero, revenues will be zero. -- dadl-ot mailing list http://mail.thehood.us/mailman/listinfo/dadl-ot_thehood.us http://news.gmane.org/gmane.music.dadl.ot