US Taxes

[Professor S]

I was under the impression that inflation had remained pretty much static over the last few years. At least that is what the economist said I was watching on CNN. He was talking about how the new gas prices were finally causing an increase in inflation. So if inflation has remained static, why have revenues gone up?

And yes, while correlation does not necessarily mean causation... it also means that there could very well be a connection. Causation vs. Correlation can also be an excellent excuse to ignore anything good that comes out of a new tax system. The numbers and laws involved, when combined with changes in the populace, are so complicated that you could never really PROVE that changes in tax law caused anything.

My point was that cutting taxes causes increase in revenues. It did and does. Its the spending that causes the debt. and operating defeceit.