In response to:

Prophets and Losses: Part II

evie10 Wrote: Feb 06, 2013 9:18 AM
the screen name is probably an ironic tip of the hat to AmericanObserver (who is unable to observe very well and is anything but an American). Satire at its best.

Editor's Note: This column is part II in a series. Part I can be found here.

People on both sides of tax issues often speak of such things as a "$300 billion tax increase" or a "$500 billion tax decrease." That is fine if they are looking back at something that has already happened. But it can be sheer nonsense if they are talking about a proposed increase or decrease in the tax rate.

The government can only raise or lower the tax rate. Whether the actual tax revenues that the government will collect as a result will go up or...