Before
any act of Congress becomes law, an agency such as the Congressional
Budget Office ought to provide an independent analysis of its cost
and proposed benefits. Not what comes from the political
proponents alone. And
when it comes to tax cuts, that means the reduction of tax rates, an
idea of the true reduction in tax revenues, if any.
Pro-tax
politicians view all reduction in tax rates as a reduction in tax
revenues, which is false, based on past experience. Estimates
of future tax revenues due to tax rate cuts should be estimated as
best it can, and included as a factor that is now entirely omitted
by pro-tax politicians. (See the Earl J. Weinreb NewsHole®
comments.)
No comments:
Post a Comment