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Chart 2: Wealthy Taxpayers Rely Less on Wage and Salary Income Than Any Other Income Class Chart 3: Changes In Tax Rates Have Little Effect on Revenues Chart 4: Rich Pay More Following 1920s Tax Cuts Chart 5: Rich Paid More Under 1960s Kennedy Tax Cuts Chart 6: Reagan Tax Cuts Generated 31% More Tax Revenue From the Wealthy Chart 7: Higher Tax Rates, Lower Revenue Introduction One of the most important fiscal policy debates developing in this election involves the question of whether changes in tax policy have supply-side effects. In other words, will lower tax rates increase economic growth, resulting in more jobs, higher wages, and bigger profits? If the answer is yes meaning that lower tax rates cause taxable income to rise it is reasonable to argue that a tax cut will be at least partially self-financing. The extent to which increased revenue from a bigger tax base helps offset the revenue loss from lower tax rates then becomes an empirical qu ....
[ John Wall, our house environmentalist, red-pencils The New York Times attack on the Federation for American Immigration Reform s sprawl ads.] The New York Times Editorial, Next time you are stuck in traffic, blame an immigrant. [ Immigration enthusiasts always say opponents of mass immigration are blaming immigrants. ] FAIR s broadcast and print ads highlight the ills associated with suburban sprawl, then point to immigration as the underlying culprit. [ I m shocked! A completely true sentence about a New York Times adversary in a Times editorial! This is news that s truly fit to print. Images of advertisements run by FAIR, the Federation for American Immigration Reform, in Loudoun County, Virginia (west bank of the Potomac River from about Great Falls to Harper s Ferry) are posted on FAIR s website at http://www.fairus.org/loudoun/advertising.html. See below for text.] FAIR ran anti-sprawl commercials earlier this year in Iowa and South Caroli ....