[ButThreeLeftsDo]

I smell something akin to sulphur........

[Americanwolf]

IBTZ

[Americanwolf]

hmm when i debated in high school we were suppose to have our evidence from legit sources like magazines and papers not websites...

plus since when does a school change debate topics mid term...

bye bye troll...

[Americanwolf]

poser troll.... can I keep the pelt when the zotting is done?

[txroadkill]

uh-oh better check my surge protector.
NB4theZOT

[Americanwolf]

fresh meat! hurry before the frying... :)

[seastay]

Its not a tax cut when it is our money in the first place. The proper way to phrase the question would be; should the president raise taxes to fund Katrina hurricane relief? Don’t you people take English classes anymore?

[tarator]

Hey, now! Sofia is my daughter. Please, be nice. I told her about the nice people on this web site. I tried to give her some starting points, but I thought that she should talk to the experts.

[trussell]

NB4TZ!!

[trussell]

Sorry for assuming you were trolling.

[Americanwolf]

With the tax cuts, they act to stimulate the economy. Because it puts more money into the pockets of the taxpayers, they in turn spend more either on goods or services which increase the money that business have and that increases the amount of taxes that are eventually paid via the business...

That is a very basic economic overview of how I understand the tax cuts to work..

If we were to eliminate the tax cuts to create a temporary increase in the tax money the federal government received from the taxes it would cause the economy to slow down, and stagnate.. which would cause prices to rise creating inflation.

If that occurred the monies need to rebuild the Gulf Coast area would be harder in the long run for the fed to recoup..

That is a very basic argument again the tax cut unfortunately I have no place to really tell you where you can get the data to support this, perhaps some of the other freepers may have a better direction or a clear explanation.

[FDNYRHEROES]

So how much taxes do you 16-year old high school students pay and how much do you expect to get back with the tax cuts?

[FOXFANVOX]

Here's a good reason that the tax cuts should not be rescinded. The tax cuts have INCREASED the revenue to the federal government. The recession we just came out of was shorter and milder due to the cutting of taxes.

The reason cutting taxes is not totally sucessful is that the government proceeds to spend the additonal revenue and thus the increased revenue is not always apparent to a citizen who doesn't read the statistics or understand the economics of taxation. Both Republicans and Democrats in the current congress have spent wrecklessly. Fiscal discipline would be far more effective than higher taxes!

Pres. Regan cut taxes as well and the federal revenue increased. But, he also served with a congress that increased spending and so it "appeared" that tax cuts caused increased deficits, when, in fact, they were caused by increased federal spending.

Raising taxes at this time will hurt the economy even more than it is has been hurt by the war and natural disasters.

If your teacher learns nothing else, perhaps he/she could understand that reallocating income [which is what higher taxes really do] is far less efficient than letting the free market solve the problems that arise. You can compare the Post Office with United Parcel Service (UPS) to show the difference between private and public funding.

Hope this helps a little; at least you are on the right side of the discussion. 8)

[spunkets]

Ask Williams That's a list of his writings on tax policy. I'd guess taxaiton 101 would be a good place to start. Walter William's home page has a search engine to retrieve his excellent writings on various econ topics.

If taxes are raised now, the economy will suffer. What will happen is that money will be taken out of present commercial channels all of a sudden and those businesses will suffer. Jobs will be lost and bills won't get paid. That means tax revenues will drop.

The money then goes to pay laborers and for supplies to rebuild, but then since taxes are higher, the rebuild costs more than the taxes were raised. The temporary boost for them that amounts to inflationary pressure, because demand hasn't really changed and the rebuild is not really producing economic output... yet.

You can also google Milton Freidman, University of Chicago, economics...

[Americanwolfsbrother]

I'm not sure exactly what info you are looking for but these 3 sites have some decent discussion that you may be able to use:

http://www.pbs.org/newshour/bb/economy/jan-june01/tax_2-5.html

http://www.nationalreview.com/nrof_luskin/luskin032803.asp

http://www.manhattan-institute.org/html/_nypost-bushs_tax_cut.htm

The idea is that for consumers tax cuts mean more spendable money that they will pump back into the economy (assumption is they will spend it rather than save it); while on the business side lower taxes means lower costs for the company so either 1) savings are passed onto the consumer in the form of lower cost for goods and services; or 2) company will reinvest extra money into the business in either expanding the business or giving raises to the employees of said company.

There is also the euphoria principle (I don't remember what the economist call it ) which is people will feel better because they feel less pressure from their tax obligations.

try a google search for "President Bush tax cuts" and you will get a ton of info to cull through. AWB

[martin_fierro]

[martin_fierro]

Extra-credit moose diarama

[Maximus of Texas]

With respect to rebuilding New Orleans, put this in your paper...

"I'd say we take off and nuke the site from orbit. It's the only way to be sure." You'll get an "A", trust me.

[grellis]

IBTZ!!!!!

I was 15 years old over on DU last week. What a coincidence!

[grellis]

A nice tagline might be "I am the child of FReeper tarator so zot off, y'all!" You'll still be treated like a newbie, but not like a troll. Just a thought.

Welcome to Free Republic!