Bruceybaby Wrote:
Dec 31, 2012 11:50 AM
Income tax rates were much, much higher in the and 1960's as Warren Buffet pointed out. It didn't hurt a thing - and the government didn't have these huge deficits partly caused by the low-tax loonies. Beauprez is reporting Hodge's numbers as fact (for every $1 of new revenue to the government, GDP would shrink by $2.77.) The precision of the numbers indicates somebody is spewing factoids.