Stephen Moore slams calls for “revenue neutral” tax reform.

Policy and Government

At Forbes.com, Tim Worstall explains how blockchain technology will decrease disease.

At Investor’s Business Daily, Kerry Jackson slams the ‘fascist’ caricature of Trump.

Monetary

Germany repatriates its gold ahead of schedule.

Tax

Stephen Moore slams calls for “revenue neutral” tax reform.

“Revenue neutral means for every dollar you cut for one person someone else has to pay that dollar,” Moore explained. “I don’t think you can give people a very good, meaningful tax cut [if you maintain revenue neutrality].”  While President Trump’s own “Tax Reform That Will Make America Great Again” is also revenue neutral, a revenue neutral tax plan simply does nothing to slow or stop government spending.

Even if the Republicans can only achieve “a 10- or 15-year” tax cut, “it should not be revenue neutral — it should be a tax cut for the economy,” said Moore, arguing that there was no need to maintain revenue neutrality. “If you get more growth, then that growth should make up in the medium term for that loss in revenue.”

On Fox Business, Steve Forbes urges us to keep our eyes on tax cuts.

The John Batchelor Show discusses the tax debate.

1155 15th St NW, Ste 900
Washington, DC 20005