Quote:
Originally Posted by Undertoad
Lower tax rates should lead to higher tax revenues "at some point". If an economy is not at that point it does not follow. If other taxes make the bulk of taxes, a drop in state tax will not have as big an impact. Also, we were talking about tax revenues and not unemployment. Were there changes in tax revenues?
|
The inter-active budget I was using for Colorado showed tax revenues falling every time I cut taxes and climbing every time I raised them. But I think your statement is an over-simplification. Many other factors are going to effect tax revenues.