Of course they do but who wants to get in the way of a good rant by the Republicans? As you can read inside the link, even many top Republican economic advisers going back to the Reagan years admit tax cuts add to the deficit. CNBC:
I was very encouraged to read an article last Tuesday in the Wall Street Journal entitled “Voters Back Tough Steps to Reduce Budget Deficit.” What is discouraging is that some people, mostly Republican politicians, are trying to convince people that tax cuts do not contribute to the deficit. This is not only misinformation, it is dangerous misinformation.Yes, the GOP politicians are dangerous.
The misinformers’ claim is that tax cuts pay for themselves and thus do not impact the deficit negatively. They claim that lower tax rates stimulate the economy and job growth so much that you wind up with more tax revenues at lower rates than you do at higher rates. While President Bush was telling the public that tax cuts pay for themselves, his 2003 Economic Report of the President, pages 57-58, told a very different story...
