With election on the way, latest tax cuts likely won't be the last

Sac Bee ^ | 12/29/03 | David Westphal

[NormsRevenge]

WASHINGTON -- American taxpayers are about to reap their last big bonanza from an extraordinary three-year run of federal tax cutting, pocketing substantially higher refunds on their 2003 income tax returns.

But that doesn't mean anti-tax talk in Washington will fade away.

[NormsRevenge]

[driftless]

Whenever I read comments by "experts" bemoaning tax cuts and screaming about the deficit I remind myself that (1) the same "experts" were certain that the latest tax cuts would be disastrous and (2) about ten percent or more of the budget goes to worthless liberal spending projects ie: tax money that goes down a rathole. We could easily cut ten percent of the budget, and the economy would grow even more.

[RJCogburn]

Though I have been quite critical of GWB's massive government expansion, the most since LBJ, I applaude him for the tax cuts. The more the better.

[RLK]

Though I have been quite critical of GWB's massive government expansion, the most since LBJ, I applaude him for the tax cuts. The more the better.

--------------------------------

How do you expect this massive expansion to be paid for?

[kylaka]

That chart, and the recent recession, should be Clinton's legacy. It speaks volumes.

[Lizavetta]

How do you expect this massive expansion to be paid for?

No kidding.....Question: how can one increase government spending and give tax cuts at the same time? Answer: You give the highly publicized highly visible tax cut and raise a thousand other less known taxes under the radar screen in tiny increments so nobody notices.

Kinda like robbing Peter to pay Paul....only in this case I suspect it's robbing Peter to pay Peter, and Peter hasn't figured it out yet.

[RJCogburn]

How do you expect this massive expansion to be paid for?

I don't.

[VRWC For Truth]

Spending cuts. Any nutjob 'Rat would be foolish to propose a 50% tax increase. This slow turning off of the spigot into the gravy trough is good strategery. Cold turkey is the only way the Grubmint will quit.

[Gillmeister]

bump

Does everyone realize since Bush signed the tax cuts into law in May, the DOW is up over 600 pts!!!!!!

Those damn tax cuts.......snicker

[sarcasm]

How do you expect this massive expansion to be paid for?

Fiscal responsibility is so passé.

[goldstategop]

Cutting taxes will also help ratchet federal spending downwards. Its good politics too - let Nikita Dean be the Grinch who wants to raise people's taxes.

[Gillmeister]

bump

sorry, DOW is up over 1500 pts since Bush signed the tax cuts into law.

[spokeshave]

The TDIDS effect