The Democrats are up in arms about the Republicans tax proposal, supposedly because the subsidy for high state and local taxes may be reduced, especially for the upper-middle class and the rich. For decades, we have seen states, cities, and the federal government continually raise taxes on everyone, especially the rich, and now politicians care and suddenly understand that lowering disposable income may hurt the economy?  What a revelation! We also hear that Democrats are suddenly concerned about deficit spending and debt.  They didn't care at all the last eight years as debt went up $10 trillion, but now they care if people and businesses are allowed to keep more of the money they earn.  The CBO routinely, massively underestimates the cost of new government programs, and it routinely underestimates the impact allowing more money to stay in the private sector has on making the economy grow.  The projections always seem to favor higher taxes and...(Read Full Post)