When South Carolina
Republican Senator Jim DeMint left the Senate for the high paying obscurity
as the head of a partisan think tank Rep. Tim Scott was appointed to take his
place.
Mr. Scott will now be
showcased by the Republicans, because he is an African American and they
want to try and show Americans they have nothing against African
Americans. Of course, the fact that they
have to showcase Mr. Scott raises the question about whether or not even they
believe they are a color blind party.
But now we know, from
the powder
puff interview the Wall Street Journal conducts every Saturday that Mr.
Scott has a severe case of the “fantasies”.
That disease affects Conservatives and prevents them from considering
reality. In the case of Mr. Scott it is the totally repudiated view that
cutting taxes increase government revenue.
Here is Mr. Scott.
He will introduce the
"Rising Tide Tax Reform Act," which would lower corporate taxes to
23% and allow for permanent repatriation of foreign earnings back into the U.S.
"On the personal tax code," he says, "I like the plan of
lowering the tax rate so that we can increase the revenue."
That’s okay Sen. Scott.
We all would like to say that lowering tax rates produces more
revenues. And all of us would like it
even more if it were just true.
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