Low Taxes is an Act of Desperation by Rudolf Hickel

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Low Taxes is an Act of Desperation
by Rudolf Hickel, 12/14/2016

http://portland.indymedia.org/en/2016/12/433969.shtml

A low business tax can be counterproductive if a deadbeat infrastructure arises through lower state revenues. Ronald Reagan tested this in the US and the result was higher state debts through tax reductions, neoliberal insanity.

Lowering business tax rates leads first to enormous budget holes. Employees will bear this burden at the end: through the social cuts sparked off by the budget imbalances and by the rise of mass taxes like the sales tax to offset this deficit.

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