> Those of you who are students of history will know that tax cuts have always resulted in increased federal tax revenues due to improved economic activity.
As a student of history, I'm well aware that over the past thirty years, every cut in federal income taxes has resulted in a dramatic increase in the budget deficit. And when states have tried it, the results have been the same. Take, for example, Kansas, which eliminated taxes on pass-through income only to find (SURPRISE!) that revenues plummeted. The state legislature was forced to reverse its own tax cuts to keep the state government solvent.
Now, even a broken clock is right twice a day, so I suppose it's possible to have a stupendous tax cut and somehow not run up a ridiculous deficit. But it sure hasn't happened yet. And the fact that right off the bat, we're borrowing a couple trillion dollars to pay for the tax cuts is pretty clear evidence nobody in Congress believes we won't run up a deficit this time around.
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Today's Featured Article - Sunday Drives - by Cowboy. Summer was finally upon us here in Northern Maine. We have two types of industry up here, one being "Forestry" (Wood Products) and the other "Farming" (Potatoes). There is no shortage of farm tractors and equipment around here! I have been restoring old Farm Tractors for the past 6 years, and have found it easier and less expensive to hit all the auctions and purchase whole tractors for parts needed. My wife who works at a local school, and only has weekends and summers off, while on t
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