General Discussion

to limit government spending[1][2][3] by cutting taxes, to deprive the federal government of revenue in a deliberate effort to force it to reduce spending.

“We tend to forget that Republicans were not always the party of tax cuts,” Prasad explained. “When President Ford wanted to cut taxes in the 1970s, it was conservative Republicans who were against. Within a few short years, what it meant to be a Republican completely changed.”

The Economic Recovery Tax Act of 1981, the largest tax cut in U.S. history, from its inception in the mid-1970s to the passing of the law during Reagan’s first year in office marked the beginning of this philosophy.

Significant tax cuts are a distinctly American phenomenon. In contrast to other countries, the United States is unusual for maintaining a low level of tax revenue as a percentage of GDP, despite the rise of GDP over the last several decades.The U.S. can learn from a European-style tax policy that embeds progressive policies into a system that also promotes businesses and encourages economic growth. BUT NO, NO, NO that would help the average American citizen - that would be so Anti...America First.