Quote:
Originally Posted by Brando
Why do tax cuts not show a net increase in "tax revenue" as they do in the real world? .
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They don't always show an increase in revenue. Arthur Laffer is a fairly well known economist, respected by liberals and conservatives alike. His "Laffer Curve" shows that cutting taxes does not necessarily increase tax revenue even when those are the only two factors considered. He also warns that there are many, many other factors to include. There are so many other factors that saying "tax cuts = increased revenue" is absurdly simplistic.