March 6, 2015

IF WE WANT PEOPLE TO WORK, SAVE AND INVEST...:

A Tax Plan Republicans Should Learn to Love (Ramesh Ponnuru, 3/03/15, Bloomberg View)

Senators Mike Lee and Marco Rubio have come up with the most pro-growth tax reform since Calvin Coolidge's presidency. That's a point that could easily get lost in the intra-party debate over their plan -- a debate that could shape the next presidential race and influence conservative policy for years to come.

Some news coverage has treated this debate as a struggle between "supply-siders" and other conservatives. That's a mistake. Both sides consider themselves supply-siders. Both sides, that is, believe that tax rates affect the amount of labor and capital supplied to an economy. They think lower tax rates would improve incentives to work, save and invest, and thus promote long-term economic growth.


...then we would tax consumption, not work, saving and investing.

Posted by at March 6, 2015 3:15 PM
  

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