Tag Archives: Taxes

12/05/2017 Two new polls have bleak news for the GOP tax plan. Just 29% of voters approve of the plan while 53% are opposed, according to a Quinnipiac University poll. Independents break against the plan, 54% to 27%. Among people making $50,000 to $100,000, just 35% approve. The one group that approves: Republicans, 67% of whom support the overhaul. Just ...

The theory is simple: Cut taxes and people will have more money to spend.  Increased spending will heat up the economy and create more jobs.  This in turn will increase the number of incomes the government can tax, thereby offsetting the loss in tax revenue from the tax cut.  The problem is that there is no proof that any previous ...