Sunday, July 17, 2011

Why is there talk of cutting taxes, rather than raising them?

two standing arguments, one that by reducing government taxation business, banking, investment and corporations would set the market goals for profitability, along with reduction in regulations and fines from OSHA, EPA and other regulatory groups. Reagan ushered in this. Second argument government needs taxation for the programs that provide states revenue to avoid high taxation and its governmental bureau’s needed cash revenues such an education, courts, justice, military and transportation. Clinton reinforced this. These have always been our salient routes to industrialization in America. But when regulations were taking off banks and investment...underwriting investment in business and industry changed this basic formula.

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