Mike's Minute: Tax cuts can make some good economic sense

Best of Business · Aug 4, 2022 · 1m

The critical part missed yesterday in the great National tax scandal debate is not whether tax cuts are inflationary; it's the right of people to hold onto their money.

You can also add it was a storm in a tea cup, given it's not election year. Until it is, opposition parties shouldn't really be in the business of announcing policy because not all of us are engaged.

So, here’s some simple economics on tax. If you cut tax is all that money spent? No. A lot of it is saved.

If it's taxed and taken by the Government is it spent? Yes. We know this because the Government has spent every cent it’s…