Here’s a letter that I sent on Sunday to the New York Times:
By far, the chief economic reason for cutting taxes is to increase the return to productive activity – to increase the return to investment, to risk-taking, to creativity, to work. The economic justification for lower taxes rests squarely on the understanding that cutting marginal tax rates makes profitable many productive efforts, including hiring more workers, that are unprofitable at higher tax rates.
Why does this straightforward point seem so taxing to your editorial-writers’ comprehension?
Donald J. Boudreaux