In response to:

Prophets and Losses: Part II

John910 Wrote: Feb 06, 2013 6:37 PM
As always, Dr. Sowell provides valuable information for those of us who have to confront lefties. He gives us sound, factual information in a clearly stated, non-histrionic fashion to aid us in discussing issues with them. Even if we do not get agreement, we can provide clarification of the differences. We can only hope they will eventually see the truth and change their behavior. Hopefully it will happen before an apocalyptic event.

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...