Tax cuts: Do the math

A Speak Out comment asked for an explanation of how cutting taxes would result in decreasing deficits. I learned the simple explanation while working with the chamber of commerce. Every new dollar that was brought to the community would be spent an average of seven times. This meant that seven more people had another dollar on which they paid additional income tax and also sales and property taxes. The increased revenue would not only benefit the local community, but also would resound throughout the nation and increase revenue for our government.

As we know, the part of our paychecks that goes to the government does not all come back to us. A large part goes to entitlements, interest and foreign aid.

Decreased taxes are more money in our pockets and have historically increased revenue. The idea is not Democratic or Republican. It was first used by JFK when he cut the maximum tax bracket from 91 percent to 71 percent. Ronald Reagan also used it. Both times revenue increased, but the argument against it is that the deficit increased also. This was true, but they fail to mention that the spending increased at a higher level to truly increase the deficit.

During the 1970s and 1980s I was trying to grow my business and hire more employees (who would pay taxes), but I was severely held back by the Jimmy Carter and Hubert Humphrey philosophy of raising taxes, giving out more money and increasing votes.

It's not politics. It's simple math.

DON CRADER, Marble Hill, Mo.