I agree wholeheartedly. But even if the private sector does contribute, which is often done through PPP arrangements, the federal government still has to make massive investments in infrastructure. I don't think the private sector has the resources to invest $175 billion in infrastructure or identified it as a priority.
So the question remains. If you want to reduce corporate taxes and eliminate taxes on patented inventions, for example, where will the money needed for the investment come from?
I agree with you. If a lower tax rate results in a loss of $10 billion, the total loss will not amount to $10 billion because of the increase in economic growth. That increase, however, will not reach $10 billion. So it would represent a tax loss for the country at a time when we need that money to make investments.