Time ran a piece on Thursday titled Tax Cuts Don’t Boost Revenues. The article makes two big statements about taxes in the US:
- 1. “If there’s one thing that Republican politicians agree on, it’s that slashing taxes brings the government more money.”
- 2. “If there’s one thing that economists agree on, it’s that these claims are false.”
The righty bloggers are whining, of course, about the facts being wrong and how the article misquotes some economist, etc.
Then again- they are ALWAYS whining about taxes being too high- and I’m really not sure why.
Compared to other western countries, US taxes are really pretty low…
The numbers pretty much speak for themselves. The only thing I might add is: WOW! Canada has lower taxes that us AND they get free healthcare?