This shouldn’t be a debate over “raising taxes” and the “cutting taxes.” Rather, it should be about government spending less so that the tax burden on business is not so heavy. The way to growth is to make it easier, and cheaper, for businesses to grow, there by putting more money into the pockets of individuals to spend. You can’t with one hand run up big surpluses and with the other hand raise taxes or print more money. The result is a net loss, especially to those who can afford to save less.
Yesterday, just before the State of the Union speech, I had an insightful conversation with a family member. This person is taking his first class in political science, something like a Polisci 101 class. He called me to ask some questions for an assignment he was working on. “What does ‘non-security, discretionary spending’ mean,” he […]