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[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.
  2011-08-09
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BREAKING NEWS: Lowering taxes stimulates the economy
 
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