Democratic presidents Woodrow Wilson and John F. Kennedy spoke plainly about the fact that higher tax rates on individuals and businesses did not automatically translate into higher tax revenues for the government. Beyond some point, high tax rates on those with high incomes simply led to those incomes being invested in tax-free bonds, with the revenue from those bonds being completely lost to the government -- and the investments lost...
I doubt any serious economist believes tax cuts pay for themselves.
There was a time when Democrats and Republicans alike could talk sense about tax rates, in terms of what is best for the economy, without demagoguery about "tax cuts for the rich."
Thursday, June 20 | 06:56 AM ET
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Thursday, June 20 | 06:56 AM ET
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Thursday, June 20 | 06:56 AM ET
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Thursday, June 20 | 06:56 AM ET
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Thursday, June 20 | 06:56 AM ET
Thursday, June 20 | 06:56 AM ET
Thursday, June 20 | 06:56 AM ET
Thursday, June 20 | 06:56 AM ET
Thursday, June 20 | 06:56 AM ET
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- Schlichter: Can Marco Rubio Save Marco Rubio From Himself?
- Ransom: The Dishonorable Liberal Order of Regulatory Scientists
- Bialosky: Now Obama Wants Your Pension
- Kieffer: BENGHAZIGATE: Obama’s Secret Gun-Running Program
- Barone: Benghazi Report Revives Troubling Questions
- Mitchell: To Punch a Liberal
- DeHaven: Rubio Blames GOP for Government Dependency
- Calculations: The Myth of Michelle Obama's "Food Desert"
- Mitchell: Canada Wants to Join the Government Stupidity Contest
Thursday, June 20 | 06:56 AM ET
- Parker: How Abortion Has Changed America
- Schlichter: Can Marco Rubio Save Marco Rubio From Himself?
- Ransom: The Dishonorable Liberal Order of Regulatory Scientists
- Bialosky: Now Obama Wants Your Pension
- Kieffer: BENGHAZIGATE: Obama’s Secret Gun-Running Program
- Barone: Benghazi Report Revives Troubling Questions
- Mitchell: To Punch a Liberal
- DeHaven: Rubio Blames GOP for Government Dependency
- Calculations: The Myth of Michelle Obama's "Food Desert"
- Mitchell: Canada Wants to Join the Government Stupidity Contest
Thursday, June 20 | 06:56 AM ET
- Parker: How Abortion Has Changed America
- Ransom: Liberals Suck at Math and Eyeballs
- Schlichter: Can Marco Rubio Save Marco Rubio From Himself?
- Ransom: The Dishonorable Liberal Order of Regulatory Scientists
- Giles: Jihad On Our Tax Dollars? Screw That.
- Bialosky: Now Obama Wants Your Pension
- Hunter: Creating Monsters: Terrorism, Welfare and “Celebrating Diversity”
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- Kieffer: BENGHAZIGATE: Obama’s Secret Gun-Running Program
- Barone: Benghazi Report Revives Troubling Questions
Thursday, June 20 | 06:56 AM ET
- Parker: How Abortion Has Changed America
- Schlichter: Can Marco Rubio Save Marco Rubio From Himself?
- Ransom: The Dishonorable Liberal Order of Regulatory Scientists
- Bialosky: Now Obama Wants Your Pension
- Kieffer: BENGHAZIGATE: Obama’s Secret Gun-Running Program
- Barone: Benghazi Report Revives Troubling Questions
- Mitchell: To Punch a Liberal
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- Calculations: The Myth of Michelle Obama's "Food Desert"
- Mitchell: Canada Wants to Join the Government Stupidity Contest
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We'll all be back to eating horse meat (as long as it lasts).
Do you like N, Korean Stone Soup???
Go do the research. Democrat talking points are irrelevant when the facts show differently.
Thomas Sowell has a doctorate in economics and is a serious economic heavyweight, unlike Obama or you.