Wednesday, November 03, 2010

Tax Cuts Cause Growth

So Sunny Hundal seems to think and this is his source . Can we have some tax cuts then ? Call me a wizened old but oddly atractive cynic but I think if he thought that was true he would not be recommending the vast tax increases Red Ed has in mind for us .
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2 comments:

Mark Wadsworth said...

This is a case of 'missing figures'.

Taxes may well have come down, but spending has gone up = much higher deficits (plus all the subsidies to banks that are not accounted for).

Deficits = higher taxes in future, deficits are a kind of stealth taxation.

So hooray for up front tax cuts, but in the current climate, spending cuts are far more important.

9:44 am
Newmania said...

The fact that deficits are taxing me next year is not at all lost on me Mark.

10:11 am

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