- Posted September 30, 2012 by
This iReport is part of an assignment:
Final presidential debate: Unanswered questions
Can Lowering Taxes Really Stimulate Economic Growth
With lower taxes individuals will have more money to spend back into the economy spurring economic growth
However, since we spend more money than we take in, essentially all of the tax money the government collects is already spent back into the economy.
So how will lowering taxes stimulate more economic growth then the government spending essentially the same amount of money?