Not related. It’s not a zero sum game. Spending on certain things can save money and allow for tax cuts, tax cuts can create business growth or income in other ways and allow more spending. Defering tax cuts to a certain time or spending to a certain time can lead to better results, ect ect ect.
Anyone who thinks it’s linked and must be Tax up=Spending up or Tax down=Spending down should probably not even be in charge of their own homes finances. Even children are taught how to save their allowance over time and then spend it, and I had occasion as a child to “borrow” my allowance to purchase a toy that was on sale.
Nothing about my statement is even slightly controversial from a finance or economic standpoint. If you know you are taking in less money from a tax cut then you should not spend more as you will increase your debt.
It’s irresponsible to cut taxes and not cut spending.
Edit: spending more than yu take in creates debt and that is not responsible
Not related. It’s not a zero sum game. Spending on certain things can save money and allow for tax cuts, tax cuts can create business growth or income in other ways and allow more spending. Defering tax cuts to a certain time or spending to a certain time can lead to better results, ect ect ect.
Anyone who thinks it’s linked and must be Tax up=Spending up or Tax down=Spending down should probably not even be in charge of their own homes finances. Even children are taught how to save their allowance over time and then spend it, and I had occasion as a child to “borrow” my allowance to purchase a toy that was on sale.
Nothing about my statement is even slightly controversial from a finance or economic standpoint. If you know you are taking in less money from a tax cut then you should not spend more as you will increase your debt.
Unless spending more upfront reduces the debt overall in the medium or longer term.
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