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No, the GOP Tax Cuts Are Not Increasing the Deficit

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Taxes

Not surprisingly, yet another Democrat claim about tax revenue proves to be false.

Lewis Morris at the Patriot Post/https://patriotpost.us/articles/63125

You can easily tell the difference between a conservative and a leftist by their answer to this question: Does the federal government have a spending problem or a revenue problem? Conservatives, who understand the laws of economics and respect the power of financial freedom, will answer with “spending.” Leftists, who always assume that any money you make belongs to the government and you only get to keep a portion of it, will always insist that the government is short of money.

Hyper-leftists, who have successfully taken over the Democrat Party, are always looking for the rich to pay more in taxes. The term they like to use is “fair share.” When pressed on what that so-called fair share looks like, though, they’ll never give a straight answer. It is meant to be a nebulous number, a moving target that can be adjusted at will to fit whatever socialist scheme they are looking to fund at the moment. Free college, free health care, living wages, free homes, etc.

That being the case, leftists naturally hate tax cuts. Democrats used to campaign on the promise of tax cuts for the middle class, but they rarely do that anymore. Tax cuts in any form mean less government revenue — or so they want you to believe. Economist Arthur Laffer proved decades ago that under the current over-taxation system, tax increases eventually lead to lower tax revenue, and the best way to raise federal revenue is actually to lower tax rates. Instead, leftists always express their desire to raise taxes on the rich to “ease the burden” on the middle class. This is hogwash. Democrats want middle class taxes to remain high, but with the rich seemingly paying an even bigger share, it appears as if the middle class is getting a break.

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