Will tax revenue necessarily rise if tax rates are lowered? Explain your answer. Georgia Dickens is sitting with a friend at a coffee shop, and they are talking about the new tax bill. Georgia thinks...

Will tax revenue necessarily rise if tax rates are lowered? Explain your answer. Georgia Dickens is sitting with a friend at a coffee shop, and they are talking about the new tax bill. Georgia thinks that cutting tax rates at this time would be wrong: “Lower tax rates,” she says, “will lead to a larger budget deficit, and the budget deficit is already plenty big.” Do lower tax rates mean a larger deficit? Why or why not?