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View Full Version : at least one party wants to cut the deficit



wardd
07-23-2012, 01:19 PM
http://talkingpointsmemo.com/images/gop-reid-taxplans.png



http://talkingpointsmemo.com/images/gop-reid-taxplans.png

David W Pratt
07-23-2012, 01:31 PM
How does a tax cut cost money?

BrianY
07-23-2012, 03:24 PM
tax cuts cost money when there are no spending cuts made to offset the reduction in income revenue and the government borrows to
make up the difference.

ljb5
07-23-2012, 04:03 PM
How does a tax cut cost money?

It's basic math:

Deficit = Expenses - Revenue.

If revenue goes down and expenses stay the same, the deficit goes up.