In response to:

Prophets and Losses: Part II

Paul4474 Wrote: Feb 06, 2013 8:27 AM
Please, please Townhall--send this article to each and every Democrat in Congress. They are ignorant.
Specious Rule Wrote: Feb 06, 2013 9:09 AM
I'd say send this article to everyone in the congress and then spam the entire CBO with it at least twice a week. Of course our majority run house just allowed a tax increase.
Pistol Wrote: Feb 06, 2013 8:38 AM
I only wish they were ignorant, Paul4474. They are not. They are shrewdly venal, preying on the ignorance of the voters, and worse, peddling misinformation, followed by lies. Unless the voters see them for the rascals they are, and throw them out, our decline continues.

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...