Asserts the conservative economist in California, about the tax cuts discussion in America: "The bottom line is that Obama's blaming increased budget deficits on
the Bush tax cuts is demonstrably false. What caused the decreasing
budget deficits after the Bush tax cuts to suddenly reverse and start
increasing was the mortgage crisis. The deficit increased in 2008,
followed by a huge increase in 2009. So it is sheer hogwash that 'tax cuts for the rich' caused the
government to lose tax revenues. The government gained tax revenues, not
lost them. Moreover, 'the rich' paid a larger amount of taxes, and a
larger share of all taxes, after the tax rates were cut."
More: "That is because people change their economic behavior when tax rates are changed, contrary to what the Congressional Budget Office and others
seem to assume, and this can stimulate the economy more than a
government 'stimulus' has done under either Bush or Obama."
Thomas Sowell: "Tax Cuts Didn't Increase The Deficit"
