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I think you missed my point which was that Cato only applies this logic for cuts they don't like, and they never mention it for cuts they do like.

• anonymoushn 13y ago
  Fair enough. This is a good point. Do you have any example of Cato not applying this logic for cuts they do like? You gave an example about a general tax cut, but I think the concept behind supporting a general tax cut is that the supporter believes that the tax cut will not increase the debt load in the medium term because it will stimulate the economy, so nobody will actually have to pay to cover the taxes that are not being paid there. While I may not agree with this belief, it is more or less mainstream economics, and seems to be in line with the case made in the Bush tax cuts article.
  • jshen 13y ago
    "I think the concept behind supporting a general tax cut is that the supporter believes that the tax cut will not increase the debt load in the medium term because it will stimulate the economy" History is pretty strong evidence that this idea is flatly wrong. So these tax cuts are a tax burden for someone else. I'd also argue that things like the large cut in the capital gains rate is not a tax cut that applies to most people. In fact, it's a rather targeted tax cut for the wealthiest.