|[Ben]:||BREAKING NEWS: Lowering taxes stimulates the economy ||Discuss This [0 comments so far] View Comments|
|This is going to come as a great shock to the statists out there, but lowering taxes stimulates economic development.|
Video at 11.
It is sad that this would surprise anyone.
As to the estimated $2,000,000 in lost revenue ... well ... keep in mind that the government taxes everything, not just sales, and the state cut will be plenty. I doubt Arkansas lost a penny of taxes on the deal if you factor everything in.
The really shocking thing is that a permanent reduction in taxes can increase long-term tax revenue even more.
Of course, nothing would never be enough to offset our current entitlement spending.
BREAKING NEWS: Lowering taxes stimulates the economy