Fact 3-Tax cuts do not increase tax revenue.
No economist--conservative or liberal--believes that tax cuts increase revenues. President Bush's former chief economic advisor and Harvard economics professor, Gregory Mankiw, called any economist that said tax cuts pay for themselves a "snake oil salesman trying to sell a miracle cure.
For the entire fact sheet check the web address at http://www.okbudgetalliance.org/pdf/budget/factsheet_TaxCutTRUTH.pdf. For more information about the Alliance, go to http://www.okbudgetalliance.org/.
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