The 1 Percent Solution on Tax Revenues

ATR ^ | 2011-07-11 | Ryan Ellis

[92nina]

How much would an additional 1 percentage point of real economic growth add to tax revenues? According to CBO, $2.66 trillion. But what about if the current tax rate hikes of 2013 are avoided indefinitely? That is, what if the top rate remains at 35 percent, and the capital gains/dividends rate remains at 15 percent (along with all the lower bracket policy remaining in place)...

Read more: http://www.atr.org/percent-solution-tax-revenues-a6331#ixzz1RuWvt87s

[92nina]

If economic growth can be boosted by 1 percentage point, tax revenues in 2021 will be the same as under current law, but without raising tax rates.

Take this article and others I found to the fight to the Libs on their own turf; put the Left on the defensive at at Digg and at Reddit and in Stumbleupon and Delicious

[ex-snook]

To the author:

We exported our economy, stupid.

There is no seed corn to grow it. Tax rates have little to do with it. GE paid zilch and still exported jobs. Taxes are the lowest in 50 years, unemployment is at the highest.

[Cheetahcat]

Who would start a business here? unless they want to be treated like Taliban by the out of control Government!

[NotTallTex]

For ten years or so, we had very little inflation,the same tax rates and unemployment never went above 6% in what John Kerry called “the worst economy since the Great Depression.” Seems there is some other factor involved here. Could it be the reckless spending starting in 2007, when the Dems took over? Look at the charts. That’s when things began turning.
Then they got worse when the housing bubble burst, even though some warned it was in trouble (Fanny & Freddie).

[ex-snook]

For ten years or so, we had very little inflation,

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The Government tells people on SS that there has been no inflation. Starting around 2007 we had the financial bailouts and the mounting costs of wars plus nation building to siphon off available funds. It isn’t tax rates that hold our economy back. We have become a nation of selling what is produced elsewhere, credit cards are maxed, the ATM home machine is empty. It took time for all this crap to hit the fan and empty consumer pockets. We have to make more of what we import or there will be no recovery.