Quote:
Originally Posted by filtherton
If supply siders really thought seriously about marginal tax rates and their effect on tax receipts one would expect them to occasionally favor tax increases. Seems odd that they're always calling for tax cuts.
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Different people have different definitions of "supply-sider". In it's purest form, from my point of view, a supply sider would favor increases in local taxes to pay for local services as compared to the federal government taxing everyone and then re-distributing those taxes based on political considerations. For example in the latest, bail-out bill to save teaching jobs - why is the federal government involved? States should manage and prioritize based on their own needs and tax accordingly. It is clear the federal government is going to take from states who showed discipline and give to those states that lacked it. This encourages inefficiency and rewords irresponsible behavior.