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Line 1: − '''Tax cuts''' give incentives to work, save, and invest, thus creating jobs and increasing economic growth. [http://www.askheritage.org/Issues.aspx?ID=41]+ − They provide a stimulus to the economy, because they reduce the cost of doing business and allow ordinary citizens to spend or save or invest more of their own money. − − Often cutting a tax rate will result in a net increase of [[tax revenue]]. This may seem paradoxical but can be easily explained by the fact that lowering taxes can stimulate the economy. The best example is the tax on [[capital gains]]. This phenomenon is described by the [[Laffer curve]], which states there exists a point when increasing taxes actually decreases tax revenue. − [[Category:Economic Stimulus]] − [[Category:Taxation]]
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