"You are smart people. You know that the……" — Unknown Author

"You are smart people. You know that the tax cuts have not fueled record revenues … You know that the first order effect of cutting taxes is to lower tax revenues. We all agree that the ultimate reduction in tax revenues can be less than this first order effect, because lower tax rates encourage greater economic activity and thus expand the tax base. No thoughtful person believes that this possible offset more than compensated for the first effect for these tax cuts. Not a single one."

Unknown Author

34,416 Quotes by Unknown Author

Unknown Author has 34,416 quotes on this site. A few more worth reading:

See all 34,416 quotes by Unknown Author »

More Activity Quotes

This quote is filed under Activity Quotes, one of 1,646 quotes in that category. Here are a few more:

See all 1,646 Activity Quotes »