You can't take it with you. Donna Dixon Woodall Georgetown Cut will raise revenues President Bush has proposed an income tax cut for all Americans who have income. We don't need a trigger. Congress can always increase taxes again if it has the courage. However, if a trigger is necessary, it should only kick in if federal tax revenues decrease not if the projected surplus doesn't materialize.
History shows that each time personal income tax rates are lowered, federal revenues increase.
After President Ronald Reagan cut taxes, federal revenues skyrocketed, nearly doubling during his presidency. The problem in the 1980s was that Congress increased spending even faster than the revenues increased. Congress could again increase government spending and the number of programs to the point that there will be no surplus, even though revenues continue to increase. A trigger dependent on the size of a projected surplus would serve as an irresistible enticement for Congress to go on a spending binge eliminating the surplus, thereby voiding the tax cut and ensuring that the American people will remain overtaxed. Mike Heath Princeton Tax cut would help all Democrats and the liberal media are doing their best to make people believe the Bush tax cut proposal is not good for all.