While the "sausage grind" of tax reform grinds, the historical consequences of tax rate reduction is far too seldom discussed. A recovery from the Woodrow Wilson depression was quickly relieved during the presidencies of Warren Harding and Calvin Coolidge as they reduced government spending and income tax rates. The Coolidge reforms gave us the golden age of successful combat against the government's abuses of taxation and spending. Similar events happened during the presidencies of John Kennedy and Ronald Reagan, yet without the same stunning successes as Coolidge's. With far too little notice given in the public square, the historical record cites increased tax revenue collections happening after income-tax rates are reduced. This presents a question to leaders who talk on about deficits. How can you oppose rate reductions when bigger revenues are collected? Unfortunately, the answer must be that much larger government spending takes place, offering politicians the false claim that the lower tax rates caused it. Lower tax rates are not the trouble. Supersized spending is. We need Paul Ryan's lower tax rates to champion liberty, oppose tyranny, and increase gainful employment. Pass them!

Leonidas H. Miller, Mattoon

0
0
0
0
2

Load comments