Even before President Trump signed his signature tax cuts into law,
liberals were attacking Republicans for planning to cut entitlement
programs to “pay for” the tax cuts. Put aside the hypocrisy of liberals
and the mainstream media for their concern with debt only when taxes are
being cut, and their decision to basically ignore the fact that
President Obama almost doubled the national debt (including adding $1
trillion just for the stimulus bill in his first year). Letting
taxpayers keep their own money apparently has to be “paid for,” while
wasteful spending, e.g., Solyndra, does not.
The media does not seem to understand or care that conservatives view tax cuts as different from expanding government spending. Tax cuts help to grow the economy and allow taxpayers to keep more of their own money. Much of the recently enacted tax cuts are directed towards reducing America’s corporate tax rate, highest among developed countries, which makes it harder for American companies to compete and create jobs at home.
Each dollar of tax cuts thus creates more than one dollar of private sector benefit, and produces some government revenues. Liberals miss the point by insisting that each dollar of tax cuts create one dollar of government revenue. Conservatives want to grow the real world economy, not the government economy. We view tax cuts as helping the economy and wages return to historical norms and grow faster than recent anemic rates; this will in turn reduce the need for government services and spending.
Conservatives believe entitlement programs have needed to be reformed long before the current tax cuts, and that they are not sustainable in their current form. Conservatives believe these programs must be reformed so that we can keep our promises to seniors who have paid into both programs their entire lives, and to prevent these programs from overwhelming the rest of the budget, e.g., defense or infrastructure spending, and to avoid massive tax increases.
http://thefederalist.com/2018/01/12/entitlement-reform-needs-second-half-tax-reform/
The media does not seem to understand or care that conservatives view tax cuts as different from expanding government spending. Tax cuts help to grow the economy and allow taxpayers to keep more of their own money. Much of the recently enacted tax cuts are directed towards reducing America’s corporate tax rate, highest among developed countries, which makes it harder for American companies to compete and create jobs at home.
Each dollar of tax cuts thus creates more than one dollar of private sector benefit, and produces some government revenues. Liberals miss the point by insisting that each dollar of tax cuts create one dollar of government revenue. Conservatives want to grow the real world economy, not the government economy. We view tax cuts as helping the economy and wages return to historical norms and grow faster than recent anemic rates; this will in turn reduce the need for government services and spending.
Conservatives believe entitlement programs have needed to be reformed long before the current tax cuts, and that they are not sustainable in their current form. Conservatives believe these programs must be reformed so that we can keep our promises to seniors who have paid into both programs their entire lives, and to prevent these programs from overwhelming the rest of the budget, e.g., defense or infrastructure spending, and to avoid massive tax increases.
http://thefederalist.com/2018/01/12/entitlement-reform-needs-second-half-tax-reform/
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