Economic Growth Does Not Pay For Tax Cuts (And Tax Cuts Do Not Increase Wages)
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Authored by Kel Kelly via Mises Canada,

With President Trump’s proposed tax cuts on the table, the conservatives are making their traditional argument that increased government revenues from increased economic growth will offset reduced tax receipts from lower tax rates, and will prevent the budget deficit from increasing. Tax cuts pay for themselves, they argue. Tax cuts do grow the economy, but they do not pay for themselves.

There is a virtual consensus among some commentators that this is...


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