This is one of the dumbest posts I have seen. Tax cuts equate to a decline in revenue for the budget, thus adding to the deficit. While many republicans state that tax cutting results in added economy, otherwise know as trickle down economics, time has proven that theory to fail miserably.
And for the record, Obama extended the Bush tax cuts as part of his original economic stimulus package that all of the conservatives continually bash.
Need to define growth. Cutting income taxes does creates incentives, and people change their behaviors in response. Additionally, some of the revenue of the tax cut is returned to the government as a result of the increased private-sector labor and investment. However, these rarely offset the lost revenue from the cuts to begin with.
tax cuts increase tax revenues, tax increases slow economic growth, it's in the history books
the tax cuts in the early 80's, late 90's and Bush's tax cuts of 2001 ALL increased revenues. The cuts in the late 90's and 2001 resulted in decreasing deficits as well.
conversely tax increases in 1989, 1993 (yes Clinton inherited growth of 4.5% and slowed it down) and under Obama all slowed the economy. We're still suffering from Obama's tax increases and increased regulations
You're going to see the same thing soon enough
Ok Willie- I will use your beloved Bush years as an example. According to many economists, the best way to put federal revenues into context is by comparing them to the Gross Domestic Product.
Fiscal Year- Percent of GDP
2000- 20
2001- 18.8
2002- 17
2003- 15.7
2004- 15.6
2005- 16.7
2006- 17.6
2007- 17.9
2008- 17.1
2009- 14.6
Source: Tax Policy Center/CBO
Using data from the Federal Reserve Bank of St. Louis. Over Bush’s two full terms, federal revenues dropped 13 percent.
I completely agree. One problem is that nearly 70% of the annual budget or 2.52 trillion is mandatory spending on Social Security, Medicare, Medicaid and Interest. That leaves 30% discretionary and half of that is committed to military. So, if we keep increasing that spending, where do the cuts come from? This of course doesn't even factor in the actual costs that all of our occupations cost.
Agreed. The only real solution is not what the Demadorks or the Republitards have proposed but rather a flat 10% tax on everyone and entity above the poverty line. Eliminate all write offs/deductions, eliminate the majority of the IRS and eliminate all of the tax shelters for individuals and businesses. Further this would include all religious entities paying their fair share. Additionally, all personal and business losses could only be counted in the year they occurred- no carry forward. This eliminates a Trump not paying tax for 20 years.
No I am saying one vote for the president should be worth one vote.
If only one person voted in Idaho but it is worth 3 electoral then that vote is worth 3 towards one candidate.
If the 53 people voted in California and they all voted for one candidate it is worth 55 electoral. Effectively worth 1.03 per person.
You have yet to state a logical reason for the electoral college. Why should a vote in Idaho be worth more than a vote in California? Why could you get killed in one state popular vote but eek out another state and be president? Makes no sense at all. Topped off by the elector is not required to follow the wishes of the people they represent.
Dumb system end of argument!!!!!!
Revenues Deficit Growth
03 1.72 378 2.8
04 1.88 413 3.8
05 2.15 318 3.3
06 2.40 248 2.7
07 2.57 161 1.8
10 2.16 1294 2.5
11 2.30 1295 1.6
12 2.45 1087 2.2
13 2.78 679 1.7
14 3.0 485 2.4
15 3.3 438 2.6
after Bush tax cuts, economy grew at higher rates than Obama ever attained in 8 years
after Bush tax cuts, deficit decreased through 2007
after Bush tax cuts, tax revenues increased
after Obama's tax increases, we never has one good year of economic growth
after Obama's tax increases, deficits soared
and our economy sucked despite an 800 billion dollar STIMULUS and massive increases in government spending
moral of the story, tax cuts spur growth, tax increases and govt spending don't
03 1.72 378 2.8
04 1.88 413 3.8
05 2.15 318 3.3
06 2.40 248 2.7
07 2.57 161 1.8
10 2.16 1294 2.5
11 2.30 1295 1.6
12 2.45 1087 2.2
13 2.78 679 1.7
14 3.0 485 2.4
15 3.3 438 2.6
after Bush tax cuts, economy grew at higher rates than Obama ever attained in 8 years
after Bush tax cuts, deficit decreased through 2007
after Bush tax cuts, tax revenues increased
after Obama's tax increases, we never has one good year of economic growth
after Obama's tax increases, deficits soared
and our economy sucked despite an 800 billion dollar STIMULUS and massive increases in government spending
moral of the story, tax cuts spur growth, tax increases and govt spending don't
