The Transylvania Times -

Wrong Time To Cut Taxes


October 2, 2017

Everyone enjoys seeing more take home money in their paycheck, so whenever politicians say they are going to cut taxes, voters generally respond positively.

But from a sound economic perspective, there are good times and bad times to issue tax cuts, just as the types and scales of tax cuts are also crucial. Both the timing and scale of the tax cuts proposed by the Trump administration are bad.

Tax cuts are generally positive when the economy is sluggish, when unemployment is high and when the national debt is low. Putting more money back in the hands of taxpayers generally increases the d...

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