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Military Spending Cuts No Reason to Compromise on Taxes

January 1, 1970 in Economics

In recent days, several senior Republicans have allowed that they
would be willing to compromise on a pledge they made to oppose tax
increases. At least one of those lawmakers, Senator Lindsey Graham,
has said that he would negotiate on “revenue generation” because he
is unwilling to let sequester budget
“destroy the United States military.” But Cato scholars
have long
that the proposed cuts in military spending would allow
the United States to maintain a substantial margin of military
superiority, and would in fact
pay dividends
for the U.S. economy over the long run.

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