Obamacult wrote:Nationalist Eminral Republic wrote: Tax cuts did not work, do you really think rich people hire people because they have money? They hire people to increase productivity. Second, if tax cuts really work US will be swimming in jobs.
It appears the overwhelming preponderance of peer reviewed research supports the claim that that higher taxes reduce growth.
Hence, can it be logically concluded that lower taxes increase growth?
Only to a point. Remember not to extrapolate on data as if you're interpolating: if you tax at 0%, your revenue won't reach infinity.
It's called the Laffer Curve. If you're on the right-side, as most nations back in the 1970s were, then a decent tax cut will lead to a rise in net revenue. If you're on the left-side, as the US almost certainly is now (Clinton-era rates produced a higher revenue than Bush-era rates), then a tax raise leads to a rise in net revenue.






