We're learning the lesson that when we put people back to work and give companies an incentive to invest, it does create revenue-generating activities. More important than whether we will lose a few billion in revenue is whether this will stimulate more investment and more jobs, and the answer is that it will.
More Quotes from Stephen Moore:
We will cook and serve 10,000 meals Wednesday, ... Lunch will be served from 11 a.m. to 2 p.m., and dinner is from 5 p.m.-630 p.m.Stephen Moore
The good news is Texas is a relatively pro-growth state. But not as pro-growth as we'd thought.
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We'll start cooking at 5 a.m. daily, ... We'll probably end up serving continuously throughout the day, but the bulk of the meals will be served at the designated times.
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Local governments that are applying for grant money can use it to show where their population is standing. Also business people can benefit from it for market analysis.
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Ten nations, mostly from the former Soviet Union, including Russia itself with its 13 per cent rate, have embraced a flat tax. And the economies of these countries are reaping their reward they far outpace crusty old Europe in GDP growth and job creation. China, Germany and Spain could be the next dominoes to fall.
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When you look at our budget situation today, this is just a fiscal calamity, ... We're looking at, for the next five years, half a trillion dollars of budget deficits.
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