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Reader comment on: Douthat on Taxes and Revenues
Submitted by ben (United States), Sep 27, 2010 20:19
The beauty of statistics is that they can tell you the sky is yellow and the sea is orange. 2007 is conveniently the height of the housing bubble - of course revenues will be greater. Is this a good thing? Probably not in light of what happens subsequently. One can't discount the effects of the housing crash as being completely disconnected from the loose money partially created by the supply side fantasy. Here is a link to one of Future of Capitalism's favorite sites that effectively (and emphatically?) destroys the argument that tax cuts pay for themselves. Those in favor of tax cuts are on much sounder footing arguing the moral dimension. http://www.cbpp.org/cms/?fa=view&id=165
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The Future of Capitalism replies:
Well you could argue the same thing against Clinton balancing the budget with tax increases, end of Clinton era conveniently the height of the dotcom bubble.
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