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Tax Cuts For Business .... The Right Thing To Do

Mar 30, 2009 5:28 pm

re: Tax Cuts For Business .... The Right Thing To Do

Reg Charie

There is an error in logic in the article.

If you read "As rates are cut, investment money is loosened up, and jobs are created via these new investments. So long as there are workers available to fill those jobs, the tax base increases, more than offsetting the tax rate decrease. The result is that revenue increases.", this presupposes that the amount of incoming new worker's taxes will more than offset the amount cut.

Then they say, "Taken to the logical conclusion, the correct plan would eliminate income tax altogether,.."

If you eliminated taxes then incoming workers would not be contributing anything and a total loss of revenue would result.

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