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Alexandria Ocasio-Cortez
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(08-03-2018, 11:03 AM)flsprtsgod Wrote:(08-03-2018, 11:01 AM)Gettin\ Jaggy with it Wrote: Tax cuts can increase tax revenues, but they also can decrease tax revenues. That's the whole point of the Laffer Curve. The waters have been sufficiently muddied when you make factually incorrect claims like the one bolded above, or your earlier statement,"It's not only plausible but absolute, as a reduction in max tax base (tax cuts) creates a causal effect of increased revenue." (Emphasis added) I agree. We are likely near the peak of the curve, but the tax rate would have to be reduced or increased significantly in order to have a substantial negative impact on tax revenues. In my opinion, the recent tax cuts will likely have a net positive outcome long-term, but that just may be me being optimistic. |
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