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"Tax cuts increase revenues," he told Charlie Rose in November.
Dick Cheney insists that "sensible tax cuts increase economic growth and add to the federal treasury".
Aside from the logical problem here — if tax cuts increase revenue, why do they need to be offset?
And all else equal, tax cuts increase the deficit, as Mr. Bush's did, which creates other economic problems.
Democrats wish to reduce the cuts, increase taxes on cigarettes, oil production and cars, and use some accounting maneuvers to get through the years.
According to a senior administration official, the job-creation forecast is based on a Keynesian model of the economy in which tax cuts increase employment.
Similar(40)
In this climate of public spending cuts, increasing unemployment benefit is on nobody's priority list.
That changed in the 1980s under President Ronald Reagan, when tax cuts, increased spending and a recession sent deficits above $200 billion.
The way to do that is a balance of spending cuts, increased tax revenues and entitlement reforms.
Democrats said they would use the difference to pay for tax cuts, increased aid for education, health care and other programs.
These cuts increased dramatically from summer 2012 when the governement introduced the Funding for Lending scheme, which meant banks no longer needed to rely on savings deposits for capital.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com