Tag: Taxes

More on How You are going to pay for Tax Cuts

One of the things that I truly love (please read with sarcasm dripping from my typewriter/computer) about this latest tax plan is that unlike some of the tax cuts in the past, this tax cut is going to be partially paid for by increasing your taxes. The sheer brutality of this tax cut is unprecedented. This tax cut will increase the deficit. Where are all of those GOP deficit hawks??? Tax cuts to large wealthy corporations Repeal of the Affordable Care Acts individual mandate – This generates over $53 billion in annual savings in order to help offset the tax cuts

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Tax cuts and tax revenue

I think that it is pretty amazing that conservatives are still pushing the craziness that is the idea that tax cuts create more tax revenue. It is amazing that many Americans have jumped on this train. It is exactly like my telling you that you can eat all of the ice cream that you want and not gain any weight. It is that crazy. Let’s look at this slowly. If I cut taxes, that will reflectively increase tax revenue? So in theory if you keep cutting taxes to zero that would maximize tax revenue? Really? That doesn’t make any sense. Let’s

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Demand

Remember that old equation – supply and demand. A friend of mine said something that really struck me. He said we aren’t going to get an explosion of jobs until demand increases. Demand equals the middle class doing better. It is really that simple. Let’s take Levi’s 501 jeans. How do we get Levi’s to hire more people to make more of their classic 501 jeans? It isn’t by giving tax cuts to Paris Hilton. It is by putting more money into the pockets of average middle class Americans. Then, when thousands of Americans buy Levi’s 501 jeans and the demand

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ABOUT AUTHOR
Errington C. Thompson, MD

Dr. Thompson is a surgeon, scholar, full-time sports fan and part-time political activist. He is active in a number of community projects and initiatives. Through medicine, he strives to improve the physical health of all he treats.

Books

A Letter to America

The Thirteeneth Juror

Where is The Outrage Topics
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