Ten liberal myths about taxes

Posted by DarthDilbert at 2/05/2007 12:30:00 PM

Myth #1: Tax revenues remain low.

Myth #2: The Bush tax cuts substantially reduced 2006 revenues and expanded the budget deficit.

Myth #3: Supply-side economics assumes that all tax cuts immediately pay for themselves.

Myth #4: Capital gains tax cuts do not pay for themselves.

Myth #5: The Bush tax cuts are to blame for the projected long-term budget deficits.

Myth #6: Raising tax rates is the best way to raise revenue.

Myth #7: Reversing the upper-income tax cuts would raise substantial revenues.

Myth #8: Tax cuts help the economy by "putting money in people’s pockets."

Myth #9: The Bush tax cuts have not helped the economy.

Myth #10: The Bush tax cuts were tilted toward the rich.

Read the truth about these at the Heritage Foundation


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