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Started By
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re: GOP tax document reveals plan for massive tax cuts, preserves key deductions
Posted on 9/27/17 at 11:50 am to Tigerdev
Posted on 9/27/17 at 11:50 am to Tigerdev
a lie?
There is no consensus that taxes always raise revenue nor that they always lower revenues
There are examples of states and nations raising taxes and seeing a decline/no change in revenue
There are examples of states and nations lowering rates and seeing steep declines in receipts
There are examples of nations and states lowering rates and seeing increases in receipts
North Carolina lowered rates a few years ago and us since seen more receipts and now a decent budget surplus
Kansas lowered rates and saw a steep decline in receipts
Connecticut raised rates and saw receipts plunge and now big deficit
Minnesota raised rates and saw an increase in receipts
There is no consensus that taxes always raise revenue nor that they always lower revenues
There are examples of states and nations raising taxes and seeing a decline/no change in revenue
There are examples of states and nations lowering rates and seeing steep declines in receipts
There are examples of nations and states lowering rates and seeing increases in receipts
North Carolina lowered rates a few years ago and us since seen more receipts and now a decent budget surplus
Kansas lowered rates and saw a steep decline in receipts
Connecticut raised rates and saw receipts plunge and now big deficit
Minnesota raised rates and saw an increase in receipts
1
Posted on 9/27/17 at 11:57 am to HailHailtoMichigan!
It doesn't take much looking to unravel claims of boosting revenue correlating to tax cuts. North Carolina for example was experiencing economic growth at that time that was in proportion to national trends at that time...During 2016, 90000 jobs were added in NC (in line with national job gains)...90000 jobs will increase tax revenue. But they were in line with the national average and had little to do with local tax policy...
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