The Supreme Court has stripped the Securities and Exchange Commission of a major tool in fighting securities fraud in a decision that also could have far-reaching effects on other regulatory agencies.
Conservative: “Then they need to increase taxes! Oh wait…”
Conservatives literally believe that lowering taxes increases tax revenue by increasing the total revenue to be taxed by more than the decrease caused by a lower rate.
Conservatives literally believe that lowering taxes increases tax revenue by increasing the total revenue to be taxed by more than the decrease caused by a lower rate.