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The Recusant
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Want To Double Corporate Tax Revenue? Cut The Rate To 15% - Nathan Lewis - New World Economics

It is very optimistic to think that by cutting taxes on businesses that they wouldn't lobby and pressure politicians for breaks. However, even at 1% tax they'd likely try to "capitalize" on political influence. Supplyside Economics has shown to not be the answer to improved economics. Even Ronald Reagan's own budget director, David Stockman, believes it cannot work.

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Beginning of the headline :(This item originally appeared at Forbes.com on August 24, 2017.) http://www.forbes.com/sites/nathanlewis/2017/08/24/want-to-double-c…t-the-rate-to-15/ The U.S. tax code is famously overcomplicated; it has been estimated at 75,000 pages long. The original 1913 U.S. income tax code was about 400 pages. It grew to about 8,200 pages by the end of World War II, and 26,300 pages in 1984. What is in these 75,000 pages? The answer is: nobody knows. Some people specialize in certain areas of the code th... Read More

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