The legislation was limited to reducing tax rates.
That is exactly what has happened, reducing tax revenue by billions of dollars a year.
So reducing tax rates will, other things being the same, spur the economy.
So by reducing tax evasion, by minimising the exemptions in the tax system.
When push came to shove, reducing tax burdens was all that mattered to the GOP.
Second, a healthy budget requires a healthy economy; recessions wreak havoc by reducing tax revenue.
The question is how much can reasonably be saved by ending or reducing tax breaks.
One would eliminate this and other deductions completely while reducing tax rates.
Congress listened to the people and responded by reducing tax rates, doubling the child credit and ending the death tax.
This can be done by reducing tax rates across the board and adopting a graduated flat tax with no deductions.
Since the start of 2015, Greece's economy has fallen back into recession, reducing tax revenues and increasing the budget deficit.
