In Praise of “Revenue Neutrality”
October 31, 2017
Now that Washington is considering “tax reform” the magic words “revenue neutrality” are being religiously invoked. Any “tax reform,” our rulers tell us, must be “revenue neutral,” i.e., the total amount of tax revenue must remain exactly the same, down to the last red cent, after the “reform.” Under no circumstances shall revenue ever be non-neutral.
OK. Now that the economy is growing and with it federal tax revenues (more working people equals more taxpayers equals more tax revenue), which are at world record high levels, for the sake of revenue neutrality the government needs to give a few hundred billion back to the taxpayers. After all, revenue neutrality is revenue neutrality. Massively increasing tax revenues is NOT revenue neutral! I would start with eliminating the federal income tax and replacing it with nothing.
The Words You're Hunting Are "Second Amendment"