Quote:
Originally Posted by bizaro86
Yes, personal or corporate income tax cuts are more economically efficient than consumption tax cuts. But consumption tax cuts are better than no tax cuts at all. There is still an economic efficiency gain, its just not as large.
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An inefficient tax cut comes at a cost either to spending or to efficient tax cuts. It's wasteful, and whilst different people support different levels of spending and taxation, I think we can all agree that waste is bad.