https://ift.tt/2IF6r63 If you cut, to keep it simple, $1 in taxes by lowering the tax rate to say 20% for everyone, person A saving that $1 would have to go out and spend it at business/person B, producing 20 cents in tax revenue (we'll assue no costs associated with the sale for simplicity sake), then they'd have to spend that $1, producing another 20 cents maximum in taxes, on and on a total of 5 times just to produce $1 in tax revenue. And that would also mean that everyone had spent the entirety of their $1 and are now each 20 cents poorer after taxes, though they did receive goods/services for their $1. This is an extreme example, as nobody is spending the totality of their saved tax money, much less that money turning over another 4 times in a single year. How the EFFFF are tax cuts supposed to increase govt revenue then? What a load of kudlow crap
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