Starve the Beast: A Further Examination — Michael J. New
Overall, tax reductions might well be good politics or good policy. However, the evidence presented in this study indicates that revenue reductions, by themselves, are not an effective mechanism for limiting expenditure growth. In addition, the evidence suggests that lower levels of federal revenue may actually lead to greater increases in federal spending. These results indicate that empirical evidence does not support the theory of “starve the beast.” As such, individuals seeking to effectively limit the growth of government should give serious consideration to alternative strategies.
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