By Robert Wenzel, includes “… I am all for tax cuts, and the first four options can all be considered tax cuts of one form or another. However, without accompanying cuts in government spending, these cuts will only result in increased taxes of one form or another via various methods. The greatest tax threat being Federal Reserve money printing to make up the shortfall between revenue and spending. The money printing, of course, brings with it the tax of price inflation. …”
Read the full article on: Economic Policy Journal