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DU Home » Latest Threads » Forums & Groups » Main » 2016 Postmortem (Forum) » What everybody seems to b... » Reply #4

Response to Vincardog (Reply #2)

Fri Oct 12, 2012, 05:25 PM

4. If it produced a big increase in economic activity in the process of being revenue neutral


that would be a good reason for doing it. That is the "Pennies from Heaven" tax plan.

Listen to me, their key flim-flam is that they claim that by cutting tax rates you can get enough incremental GDP to break even. That NEVER happens. We have to call them on that specific issue. That is the big dodge.

If we can get that voodoo out into the open, the whole thing falls apart.

It is maddening that people are asking questions all around the issue, but cannot manage to ask THE central question, which is, again:
"Governor Romney, you said that your tax plan is revenue neutral 'when you account for growth'. How much growth do you assume results from a 20% cut in tax rates?"

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