Politics & Government
MacDonald: You Cut Taxes, Now Cut Government
It is a common refrain that cutting taxes can lead to more revenue, not less. But why would you want the government to have more money?
A few weeks back, I had the privilege of co-hosting Granite State Live.
GraniteGrok has had a close relationship with the program since its inception, but this was the first time I had the opportunity to co-host. Not for lack of invites, mind you, but logistics and time on my side.
Our second guest was John Tamny, author of “Deficit Delusion: Why Everything Left, Right, and Supply-Side Tells You About the National Debt Is Wrong.”
Find out what's happening in Merrimackfor free with the latest updates from Patch.
One of the subjects broached was how cutting taxes is great, but only if you then cut government.
It is a common refrain, especially on the right, that cutting taxes can lead to more revenue, not less, but if you were a small-government conservative, why would you ever want the government to have more money?
Find out what's happening in Merrimackfor free with the latest updates from Patch.
It also follows that while you might see a hike in revenues initially as people engage in more activity to celebrate the opportunity to invest their own money in the economy rather than have the government take it and try to do it for them, the goal should be to starve the government, not feed it.
