Posted on 09/19/2004 7:57:12 AM PDT by chasio649
I didn't relize your were new here.
Welcome, would like some tea?
Crank theory on tax cuts
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I live in Augusta, Ga., and the Augusta Chronicle recently ran one of your editorials entitled "Tax Cuts Warranted." In your editorial, you claimed that under Reagan, tax cuts boosted tax revenues. This is completely false. Here are the statistics from the U.S. Office of Management and Budget's annual historical tables (1987):
Year Tax Collections in Constant (adjusted for inflation) 1987 dollars
1981 $766.6 billion
1982 $738.2 billion Reagan's tax cuts go in effect here.
1983 $684.3 billion Revenue from corporate income tax fell so drastically that Reagan agreed to a corporate
tax hike here. Remember his "revenue enhancement" as a euphemism for a tax increase?
1984 $730.4 billion
1985 $776.1 billion
It took five years for the tax collections to equal what they were before Reagan cut taxes, and this is when the tax revenue base is naturally increasing with the increase in the GDP which occurs every year, unless there is a recession. Economists are in near unanimous agreement that supply-side theory has been proven false. In fact, there is not a single supply-side wing in any college economics department in the United States.
It's a crank theory, popular with politicians who think they can promise us the moon and the stars.
Mark Gelbart,
Augusta, Ga.
Whoo-Whee, Deputy Dawg!
Nothing like enjoying the southern morning on your front porch! I do resent you didn't get my written permission before taking my photo. I hate having my photo taken without a chance to comb my hair first.
While slavery may have been the main, but not the only, underlying cause of the war, the North's objective for the first couple of years was preservation of the Union, not ending slavery. Here is a resolution of the US House of Representatives to that effect from July 22, 1861:
Resolved by the House of Representatives of the Congress of the United States, That the present deplorable civil war has been forced upon the country by the disunionists of the Southern States now in revolt against the constitutional Government, and in arms around the capitol; that in this national emergency, Congress, banishing all feelings of mere passion or resentment, will recollect only its duty to the whole country; that this war is not waged upon our part in any spirit of oppression, nor for any purpose of conquest or subjugation, nor purpose of overthrowing or interfering with the rights or established institutions of those States; but to defend and maintain the supremacy of the Constitution, and to preserve the Union, with all the dignity, equality, and rights of the several States, unimpaired; and that as soon as these objects are accomplished the war ought to cease.
The Senate passed a resolution with substantially the same wording on July 25, 1861.
Really??? I'm surprised. Usually publishers JUMP at this kind of revisionist "history" agenda-dumping.
The writer is correct; I hate the white, southern politicians too. Lets talk about the last two in office that fit that description. He lied to the American people, lied under oath, was drunk and fell hurting his knee while military pilots were in a holding pattern waiting for his order to attack or abort (never received the order because he was too drunk to give it (see Dereliction of Duty: The Eyewitness Account of How Bill Clinton Endangered America's Long-Term National Security by Robert Patterson)).
Once he stood in the hanger of 13 dead American Air force personnel and promised revenge to their death, but never even made a single threat to the known perpetrators of the attack. Then skipping ahead until he finally left office, he backed up a van and looted the treasures of the Whitehouse from the American people(see Rewriting History by Dick Morris).
Thats me just warming up, and not even talking about his wife.
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