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The truth about tax cuts

October 19th, 2012 Leave a comment Go to comments

With all the demagoguery from the Left about “tax cuts for the rich” it’s time for some real fact checking with, well…facts.

Investors Business Daily has a very clear exposition on the effect raising and lowering tax rates has on federal tax revenue—complete with the actual numbers.

Will this end the socialist talking points? Of course not, because their argument isn’t based on the facts—what would actually generate greater revenue—but on the emotional issue of “fairness”—which they can ride forever because a free economy rewards productivity so there will always be income inequality.

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