Why cut taxes?

Paul Manafort was only hiding his cash b/c America has the highest corporate taxes. Paul's the real victim here!! We need to pass tax reform now.

[PaloAltoCougar]

I would like to see tax reform that are revenue neutral or increase government revenues matched with a decrease in government spending. Think I could get elected?

I know for a fact you would receive at least one vote. Beyond that, no promises.

[Goatnapper'96]

OK, a snoozer of a thread, but the proposed tax cuts are bothering me...

In part, I think, to move attention away from Russia, Trump and the GOP are really pushing for tax reform, which from what I’ve seen isn’t really reform, but simply tax cuts. In the abstract, I’d love to pay less in taxes, but I am seriously concerned about what we as a nation are leaving behind for our kids. Following WWII, the national debt as a percentage of GDP declined steadily until Reagan, when it started to climb again. That percentage peaked early in Clinton’s presidency and then began to decline again until 9/11 and it’s been rising ever since, although it dropped slightly at the end of Obama’s reign.

Is it believed that lowering taxes will actually increase revenue because of an expanding economy? I’ve grown increasingly skeptical of that theory (why not cut taxes to 0.1% then and really watch the economy take off?). Or is it accepted that the debt will grow substantially but it’s no big deal?

I assume the conservative ideal is reducing the debt by reducing government expenditures AND reducing taxes, but given that discretionary government spending is an increasingly small part of government outlays, the prospect of significantly lower government spending seems pretty dim.

Anyway, given the skyrocketing debt/GDP ratio, tell me why cutting taxes is a good idea.

Hey, wake up!

I would like to see tax reform that are revenue neutral or increase government revenues matched with a decrease in government spending. Think I could get elected?

[smokymountainrain]

I know that welders and PAC make more money than me, but Lebowski?!?

dude is humble.

[Northwestcoug]

i think they should do the thing where rich people pay more taxes.

apologies to welders, PAC, lebowski and the like.

I know that welders and PAC make more money than me, but Lebowski?!?