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"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 beca
by 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.