All the democrats have to do to win
- Thread starter evince
- Start date
cawacko
Well-known member
Ok.
cawacko
Well-known member
Slogans and talking points are nice and all so good luck with it.
cawacko
Well-known member
Tax cuts are what screwed up the economy? Please, let me hear more. How do you believe that to be the case?
evince
Truthmatters
When was the last time a president cut taxes during an expensive war like this one?
cawacko
Well-known member
What does that have to do with the merits or lack thereof of the tax cuts?
Don't expect an answer on that one. If we hadn't been granted a little bit more of our money to spend, this economy would be much worse right now.
cawacko
Well-known member
again you have not shown how the cutting taxes has hurt anything. I can say if we hadn't cut taxes the economy would be in much condition than it is now.
You have not shown any argument.
evince
Truthmatters
http://www.truthout.org/cgi-bin/artman/exec/view.cgi/60/19886
No," said Douglas Holtz-Eakin. He was the chief economist for Bush's Council of Economic Advisers in 2001 and 2002, then the director of the nonpartisan Congressional Budget Office until late last year.
Holtz-Eakin said other factors were behind the surge in tax revenues. One is that revenues rise as the population and the economy grow. Revenues would have risen in the post-2001 economic recovery with or without tax reductions, just as they did in the '90s.
Treasury Secretary John Snow conceded Tuesday that the much-touted tax cuts for capital gains and dividend income don't drive today's strong economy.
Asked by Knight Ridder if the tax reductions paid for themselves, Snow acknowledged that they don't. He also acknowledged that economic growth and stock market gains were strong in the late 1990s, when the capital-gains tax stood at 20 percent and dividend income was taxed at rates as high as 38.6 percent.
No," said Douglas Holtz-Eakin. He was the chief economist for Bush's Council of Economic Advisers in 2001 and 2002, then the director of the nonpartisan Congressional Budget Office until late last year.
Holtz-Eakin said other factors were behind the surge in tax revenues. One is that revenues rise as the population and the economy grow. Revenues would have risen in the post-2001 economic recovery with or without tax reductions, just as they did in the '90s.
Treasury Secretary John Snow conceded Tuesday that the much-touted tax cuts for capital gains and dividend income don't drive today's strong economy.
Asked by Knight Ridder if the tax reductions paid for themselves, Snow acknowledged that they don't. He also acknowledged that economic growth and stock market gains were strong in the late 1990s, when the capital-gains tax stood at 20 percent and dividend income was taxed at rates as high as 38.6 percent.
uscitizen
Villified User
LOL, the problem is we spent more than we had. No matter how much we had.
cawacko
Well-known member
Ok, and how does that show the tax cuts hurt the economy?
Socrtease
Verified User
Yes because the answer to every bad thing is "go shopping"! That is what we were told after September 11 GO SHOPPING! After the war started up and money was being spent we were told not to worry, GO SHOPPING. And now as the economy takes a down turn, and some people are going to lose their jobs, we are told , "Here is some tax refund, take that money and go shopping!" Although I did also hear Bush tout the checks as being able to help people pay their mortgage. He just didn't say for one more partial payment. So yes by all means give us more money so we can GO SHOPPING!. (note: if you imagine the voice of spounge bob sqarepants saying GO SHOPPING! you will get the true depth of how crazy all this really is)
cawacko
Well-known member
No Desh, like I said you can state that without the tax cuts the economy would be in much worse shape.
I know in your political view more money in the hands of the producers is a bad thing and more money in the hands of the government is a good thing. But it does not hurt the economy to have businesses and people keeping more of their own money.