Election 2010: Teabaggin' the Ds & Rs

[Tyrone Slothrop]

Originally Posted by sebastian_dangerfield

They're not adding tax cuts, however. Those tax cuts are already in place. There's no explosion. There's continuation of the status quo.

C'mon. You weren't born yesterday. They would cut taxes more if they could. It's their raison d'etre.

And by the way, the deficit goes up either way. Kick in the tax increases and you'll see damage to the economy (pullbacks in spending and their attendant effects). Tax revenues will drop, and the deficit goes up anyway.

No. Tax cuts do not pay for themselves. The loss of revenues from the diminished taxes collected when there is less growth will be far, far less than the lost revenue from collecting less in revenues.

Can't tax your way out of a hole (and don't tell me Clinton did it... Clinton was gifted with a once in a lifetime transformative technology that created a boom that grew the US out of the early 90s economic malaise). The only way out is to grow.

...Good luck to us on that.

Indeed.