February 10, 2006

Vice-President Cheney Talks About the Future, Part 2

Carroll Andrew Morse

WASHINGTON D.C. 2. Vice-President Cheney pointed out what economic and revenue-collection data from the past few years have made obvious, cutting tax rates does not imply cutting tax revenues. If you create a tax-environment that encourages growth, you can collect more revenue than by trying to take a bigger chunk out of a stagnant environment. And there is a plan to take this argument beyond the realm of rhetoric; the administration plans to create new division in the Treasury Department to conduct more dynamic analyses of tax-policy.

I sense lots of blogging about the exciting differences between different dynamic revenue models coming in the near future!