If the econocasts could consider their viewpoint they’d understand that a tax deduction should motivate as much as a reduction in tax rate. Of course the abs may be different, but the motivation, the incentive, the drive should move them in that direction. Employing others is a tax deduction. There are very few conservatives driven to hire. Libertarians usually shout the loudest about employees.

As Warren Said

“I have worked with investors for 60 years and I have yet to see anyone — not even when capital gains rates were 39.9 percent in 1976-77 — shy away from a sensible investment because of the tax rate on the potential gain. People invest to make money, and potential taxes have never scared them off. And to those who argue that higher rates hurt job creation, I would note that a net of nearly 40 million jobs were added between 1980 and 2000. You know what’s happened since then: lower tax rates and far lower job creation.” ~ Warren Buffett

And remember this, one of the grand theorists whose book and research is cited as proof by the tax cutups….