Letter to the Editor

Prosperity built on debt

Regarding Charles Krauthammer’s March 22 op-ed column, “The 50 percent solution”:

I would not call increased revenue “fattening the Treasury.” Most of the tax revenue coming in to the federal government goes right back into the economy.

When people talk about revenue-neutral tax reform, they really mean reform that does not reduce the deficit. President Ronald Reagan may have achieved revenue-neutrality with the 1986 tax reform, but what he got was a tripling of the national debt during his eight years in office, thanks to the tax cuts at the beginning of his administration. Sure, the economy took off during that same period, but it was the same illusion of prosperity that families get while maxing out their credit cards.

Ben Jones, Bowie

 
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