 masbury says: And guess who will make up the difference? What difference. How about we cut spending? Also, tax cuts increase government tax revenues. Time and again people forget this. The Kennedy, Reagan and Bush tax cuts have all resulted in record levels of government tax revenues. That's before Reagan raised taxes and Bush failed to keep his promise not to? Reagan only agreed to raise taxes if the democrats agreed to double the spending cuts. Ronnie kept his promise and Tip backed out. No surprise there. JK, not true. The tax revenues are at record levels. The tax revenues are at record levels.If you look at tax revenues per capita over time, you will see that tax revenues are slightly higher in 2007 than they were in 1999-2000. The issue is to what extent the Bush tax cuts caused this. There are other factors at work here. And what I am telling you is that most economists don't believe tax cuts had much of a role, if at all. Bush's advisors are on record saying tax revenues would have been higher than they were if Bush had not passed tax cuts. Look at the graph. You see tax revenues increase after Clinton's tax incr... Tax breaks for corporate america? Yes!!!!! That reduces my costs at the register. And if you think that, I can sell you that nice bridge over there, cheap! Ratilfar, I more than think, I know. It is well proven, that when a business pays less in taxes, that money goes back into the business into hiring more people, reducing prices, etc. And that leeds to lower unemployment and more money into the government in the form of sales taxes. Ratilfar, think! jamesgrimes, it is an urban myth. No solid body of evidence has ever shown that trickle-down actually happens. Consider these data from The True Conservative. While this clip refers to the affect of tax rates on the top 1% of wage earners, the same argument has been made there. Trickle down doesn't happen. Profits rise and rich people hoard an ever greater percentage of American wealth. Meanwhile, the middle class pays off the government's debts. By the way, consider John McCain. Under his tax plan, he'd save - if I remember correctly, $180,000 per year. And that would stimulate the economy only if he and Cindy do certain thin... Oh, Masbury. |
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