pbrauer
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You are correct tax breaks will never pay for themselves and do not stimulate job growth either.The linked article in the OP speaks of the exact issues I've discussed with my friends, neighbors, family and coworkers since before the 2008 Presidential primaries began. Tax cuts, for example, may stimulate the economy but they don't pay for themselves - never have and never will - and they should never be allowed to remain in place for so long across the economic spectrum particularly when one side of the tax bracket receives a much larger break than another for as long as they've been allowed and used as a replacement for the overall tax base. Those who believe in this form of "taxation" would have one believe that as long as people are working the government will generate revenue. While this may be true to an extent, the problem is that the so-called revenue is being spent faster than it can be generated. And while Republican are saying "the deficit is out of control," which one of them is willing to cut any portion of the social or government programs they claim are increasing the national debt at such historic levels?
The following graphs show the failure of supply side economics. Which GHWB dubbed Voodoo economics when he was fighting for the nomination against Reagan.