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9.19.2005

ponystan is more like it.

Grover Norquist, a leading advocate of substantially reducing the federal government, argued that the disaster only underlined the need for more tax cuts to spur the economy.

4 Comments:

At 11:24 PM, Blogger Ivan said...

Tax cuts do not mean you get a smaller percentage of the same size pie. Often the pie grows. The estimates for definicits this year were off by at least $100B because people don't use this dynamic fact.

I would recommend you read this book.

I just finished it. You should check it out before talking about ponies.

 
At 1:34 PM, Blogger Miguel said...

Tax simplification is a great idea, but tax code writers have no incentive to do it. President Bush has made the code more complicated, because he believes the good of cutting people's taxes outweighs the good of a simple system (trying to do both at once is presumed to be politically dangerous). Jerry Brown ran for president once on a flat tax platform; I thought it was a good idea.

Norquist is probably disgusted at the expensive relief package the President has proposed, but Bush himself is going to go on tv advertising how the Republicans have both repaired the gulf coast and cut your taxes. This is obnoxious behaivior, since only naive libertarians actually think starving the beast is what's going on. In reality, it's a huge tax burden on us in the future (which, as I've mentioned before, is particularly upsetting since we generally plan to be in a higher tax bracket later in life).

 
At 1:50 PM, Blogger Ivan said...

One of the biggest reasons Forbes wants a tax cut is simplification. If it gets more press, and causes re-election for supporting representatives, I wouldn't be too surprised if it passed.

 
At 1:50 PM, Blogger Ivan said...

sorry.. replace "tax cut" with "flat tax"

 

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