Quote: Originally Posted by mentalfloss
The tax cuts of former US President George W. Bush's administration, extended by Barack Obama, were attempts to "starve the beast." Bush said in 2001 "so we have the tax relief plan [...] that now provides a new kind -- a fiscal straightjacket for Congress. And that's good for the taxpayers, and it's incredibly positive news if you're worried about a federal government that has been growing at a dramatic pace over the past eight years and it has been."Quote has been trimmed, See full post:
Former U.S. vice-presidential candidate Sarah Palin expressly advocates the policy: "please [Congress], starve the beast, don't perpetuate the problem, don't fund the largesse, we need to cut taxes." U.S. Senator Jon Kyl (R-AZ), a member of the Senate Finance Committee, states "you should never have to offset the cost of a deliberate decision to reduce tax rates on Americans."
That last statement is spot on. To cut taxes without cutting spending risks a reaction in the exact opposite direction later, with general support for major tax hikes. Here in the Ontario election the PCs are falling into the same trap of criticizing the Liberal Party of Ontario of having raised taxes, and promising that the PC Party won't raise taxes. That's foolhardy and hardly a "conservative" platform. Had the PC's started campaigning on spending cuts, I could go for that, the idea being that success on that front would naturally lead to lower taxes or at least lower debt down the road. But tax cuts as a policy platform in its own right independently of success or not in spending cuts? That's a dangerous platform to vote for. And quite frankly, that alone is making me rethink voting PC unless my local candidate can clarify a wiser position on his part.
Here's a pretty sad quote:
"Rather than proposing unpopular spending cuts, Republicans would push through popular tax cuts, with the deliberate intention of worsening the government’s fiscal position. Spending cuts could then be sold as a necessity rather than a choice, the only way to eliminate an unsustainable budget deficit." He wrote that the "...
Morally I see this as spineless. A responsible politician runs either on revenue growth (sch as tax increases), spending cuts, or both. A spineless one runs on tax cuts or other cuts to sources of revenue, spending increases, or both.
And of course smart and responsible voters vote for the first kind; self-interested or stupid ones vote for the second.