Reply to thread

So, if lowering taxes doesn't increase revenues, and if increasing taxes doesn't increase revenues, then it follows that the tax rates  we have now are the optimum we could possibly have.

If that's really the case, then the budget will have to be balanced with the current revenue.  Cutting taxes, whether it is by reducing the maximum rate (Bush plan) or by giving tax credits across the board (Obama plan) won't help, and neither will increasing tax rates in order to try to bring the budget back into balance.

So, how do we know that the current rates are the optimum?