Re:U.S. Weighs Selling 50- and 100-Year Bonds After Yields P...
by usefulcat on Saturday August 17, 2019 @11:01PM
(#20727962)
> you don't need to spend money to give people a tax break.
Only if the government is running a surplus, and the tax cuts are less than the size of the surplus.
When the government is running a deficit, any tax cut results in additional debt, the financing of which is paid for by future taxpayers. So yes, in this case (running a deficit) there are measurable costs associated with tax breaks.
Only if the government is running a surplus, and the tax cuts are less than the size of the surplus.
When the government is running a deficit, any tax cut results in additional debt, the financing of which is paid for by future taxpayers. So yes, in this case (running a deficit) there are measurable costs associated with tax breaks.