In response to:

Prophets and Losses: Part II

Ronald Reagan Fan Wrote: Feb 06, 2013 12:01 PM
Sowell is preaching to the choir. Most of the people who voted for Obama are dropouts or have degrees in worthless subjects requiring no brains. That is why Sowell's column will fall on "deaf ears"

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...