Tax cuts boost economy

[MasterChief]

Continuing to ignore history, liberals have once again been proven wrong with their assertions that across-the-board tax cuts expand the deficit and mostly benefit the “rich.”
Since President Bush’s 2003 tax cuts, the U.S. economy has expanded 20 percent or $2.2 trillion, creating more than 5 million jobs. Hourly compensation has increased 3.9 percent in the last year.
In the first nine months of fiscal 2006, economic growth has increased tax revenues $206 billion, or 13 percent. That is the second-highest growth rate for tax revenue for that nine-month period in the last 25 years, exceeded only in 2005 when revenues grew 15 percent for the entire year.
Individual tax payments are up 14.1 percent this year, and nonwithheld payments (capital gains, etc.) are up 20 percent. Corporate tax receipts have nearly tripled since 2003.
Since the top 50 percent of earners pay around 96 percent of the federal income taxes, the rich are obviously paying much more in taxes. So if the Democrats in the Senate really want to reach their goal of further soaking the rich, they should actually support making President Bush’s tax cuts permanent and support further tax cuts.

 

[Care4all]

Continuing to ignore history, liberals have once again been proven wrong with their assertions that across-the-board tax cuts expand the deficit and mostly benefit the “rich.”
Since President Bush’s 2003 tax cuts, the U.S. economy has expanded 20 percent or $2.2 trillion, creating more than 5 million jobs. Hourly compensation has increased 3.9 percent in the last year.
In the first nine months of fiscal 2006, economic growth has increased tax revenues $206 billion, or 13 percent. That is the second-highest growth rate for tax revenue for that nine-month period in the last 25 years, exceeded only in 2005 when revenues grew 15 percent for the entire year.
Individual tax payments are up 14.1 percent this year, and nonwithheld payments (capital gains, etc.) are up 20 percent. Corporate tax receipts have nearly tripled since 2003.
Since the top 50 percent of earners pay around 96 percent of the federal income taxes, the rich are obviously paying much more in taxes. So if the Democrats in the Senate really want to reach their goal of further soaking the rich, they should actually support making President Bush’s tax cuts permanent and support further tax cuts.

No, they haven't helped the average Joe! And they have NOT IN ANY WAY paid for themselves....

We would have had an increase in revenues without the tax cuts for the wealthiest....


And gives us some links on those "figures" of yours MC!!!

care

 

[uscitizen]

Yep tax cuts cause less breast cancer too. Well we had tax cuts and the breast cancer rate went down, so tax cuts have to be the reason.

 

[OrnotBitwise]

Tax cuts cause global warming too.

 

[uscitizen]

Yepper, obvious cause and effect. They also cause government corruption and overspending as well.

 

[uscitizen]

Did the Tax cuts cause the Iraq war ?

 

[uscitizen]

Tax cuts have also prevented a meteorite from hitting my house.
And cured my cat that was losing hair.