Do tax cuts increase income or income inequality? Republicans maintain that decreasing taxes will increase economic activity and benefit everyone. Republican economic consultant Arthur Laffer said cutting taxes → increased economy → more tax revenue. But this did not happen from 1981-2008 when Republicans held the White House for 20 years. Tax revenues were flat under […]
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Do tax cuts increase income or income inequality?
By kenransf on November 3, 2012 in Defense Spending, Federal Debt, Federal Tax Receipts, Government Spending, Income inequality, Social Excluding Medicare & Medicaid, Total Social Spending, Uncategorized, Unemployment
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