> Those of you who are students of history will know that tax cuts have always resulted in increased federal tax revenues due to improved economic activity.
As a student of history, I'm well aware that over the past thirty years, every cut in federal income taxes has resulted in a dramatic increase in the budget deficit. And when states have tried it, the results have been the same. Take, for example, Kansas, which eliminated taxes on pass-through income only to find (SURPRISE!) that revenues plummeted. The state legislature was forced to reverse its own tax cuts to keep the state government solvent.
Now, even a broken clock is right twice a day, so I suppose it's possible to have a stupendous tax cut and somehow not run up a ridiculous deficit. But it sure hasn't happened yet. And the fact that right off the bat, we're borrowing a couple trillion dollars to pay for the tax cuts is pretty clear evidence nobody in Congress believes we won't run up a deficit this time around.
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Today's Featured Article - Product Review: Black Tire Paint - by Staff. I have been fortunate in that two of my tractors have had rear tires that were in great shape when I bought the tractor. My model "H" even had the old style fronts with plenty of tread. My "L" fronts were mismatched Sears Guardsman snow tires, which I promptly tossed. Well, although these tires were in good shape as far as tread was concerned, they looked real sad. All were flat, but new tubes fixed that. In addition to years and years of scuffing and fading, they had paint splattered on
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