Reform Abuse July 12, 2011Posted by Jim Satterfield in Government, Politics.
On the drive home I heard a Republican member of the House defending the Republican position on revenues. Their position is to claim that they don’t believe in any increases in revenue for the government but will support tax reforms. So far as I’ve been able to tell that means, in effect, more tax cuts. How is that supposed to help with the deficit? Why, didn’t you know that any and all tax cuts create job? The magic tax cuts will stimulate the economy enough to create growth that will fix the deficit when combined with spending cuts for everyone except the Pentagon. At least that’s what the Republicans seem to take as an article of faith. But I don’t go to that church and I don’t know of any economists who aren’t political hacks who go there either.