(08-03-2018, 10:59 AM)flsprtsgod Wrote:

(08-03-2018, 10:17 AM)mikesez Wrote: And any tax cut that was done for temporary stimulation should be rolled back once the economy is healthy again.

Lol, like the original tax rate wasn't the problem to begin with?

It's complicated.
The stimulative effect could also be rolled back by way of spending cuts, yes.
Or, instead of increasing the rate on an existing tax, that rate could be kept low and a new tax with a low rate could be introduced as the economy gets healthy again.
The point is that some step should be taken to reduce the budget deficit (or even balance the budget, while we're dreaming) as the economy gets healthy.  Spending cut or tax increase, it doesn't really matter from a macroeconomic perspective.
Doing what Trump and the Republicans in Congress did is, macroeconomically, irrational.  They did it because their donors wanted to pay less tax.  There was no other reason, it won't help the economy, it won't grow revenue, and it will make our choices harder and more limited in the future.

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