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Increase Tax Revenue ? SACRAMENTO, Calif. – Gov. Arnold Schwarzenegger on Thursday proposed $4.4 billion in new taxes and a similar amount in spending cuts to deal with California's worsening fiscal crisis, saying, "We must stop the bleeding."
Does this mark end to supply-side economics?
Link: http://news.yahoo.com/s/ap/20081106/ap_on_bi_ge/california_budget
ohbro : That all might be true but you still dodge the question. Do Rs now believe that raising taxes actually increases revenue?
sea : A tax is a tax. Rs have been saying that raising taxes decreases tax revenue since Reagan. Now the Taxinator wants to raise taxes to increase tax revenue. That is totally opposite from the R retoric on the issue. The Rs never believed this foolish theory from the start. It was and is all a big lie.
Does this mark end to supply-side economics?
Link: http://news.yahoo.com/s/ap/20081106/ap_on_bi_ge/california_budget
ohbro : That all might be true but you still dodge the question. Do Rs now believe that raising taxes actually increases revenue?
sea : A tax is a tax. Rs have been saying that raising taxes decreases tax revenue since Reagan. Now the Taxinator wants to raise taxes to increase tax revenue. That is totally opposite from the R retoric on the issue. The Rs never believed this foolish theory from the start. It was and is all a big lie.