Stop Lying About Tax Cuts by Herman Cain

The New Voice ^ | March 29, 2006 | Herman Cain

[K-oneTexas]

Good article. Several authors posted here are favorites, Herman Cain is one of them. I enjoy the simple down to earth way he states the obvious (that many of us tend to overlook or do not vocalize).

(I'm not a judge and there ain't enough of me to be a jury. (Zell Miller, A National Party No More))

[satchmodog9]

bump

[JR Reyling]

Now we spend, borrow, and tax more. We should dynamically measure, tax at pro-growth rates and spend based on constraints of how much government the economy can fund. At dynamictaxscoring.com I analyzed historical tax data and synthesized it into The Laffer Curve graphically. Using this tool to transparently illustrate tax code changes on behavior, it succinctly proves how taxpayers will reap a 17% increase in effective income. In addition, the following new points are also made:

1) Currently, projected tax collections are not measured correctly. Tax code structure and rate changes have been incorrectly modeled and their affects on individual incentives to produce and create GDP growth are obliquely understood.

2) The 1974 and 1996 historical tax data illustrates and validates the Edward Prescott's (Nobel Prize in Economics, 2004) theoretical framework in a stark, visual picture for the reader without requiring one to read Prescott's powerful but heavy work.

3) A new and innovative graphical creation of the Laffer Curve linked to accelerated diminishing labor supply curve, proving the Laffer Curve with real tax data.

4) Innovative 'Tax Gap' graph, visually and dramatically showing the yawning gap between tax collections from static and dynamic scores.

5) This paper calls for greater transparency by providing annual tax impact statements (similar to social security) for all proposed tax code changes expressed in hard dollars. Truth in tax payments in hard dollars can be thought of in a similar way to APR as a measurement of borrower costs.

6) An effective pay increase of 17% for taxpayers for correctly scoring the feedback effects in lowering marginal tax rates to fully fund social security.

Please read more at http://dynamictaxscoring.com

[eeevil conservative]

YAY!

Thanks for posting it!

HERMAN STRIKES AGAIN!

WOOOOOHOOOOOOOOOOO!

[eeevil conservative]

GREAT PIECE BY HERMAN CAIN!

I can't wait to hear what he has to say about McKinney today!

I'll ping ya'll in time for his show today at 5!

Thanks K-One for posting the article!

YOU ROCK!

[JR Reyling]

ping

[oprahstheantichrist]

"President John F. Kennedy introduced a plan in 1963 to lower the highest individual tax rate of 91 to 70 percent...."

I've always wondered how it got to 91% in the first place. Which brilliant legislative body enacted that one?

[BARLF]

A lawyer told my sil/bil he now votes republican because of death tax. IMO Republicans should talk more about doing away with this tax. Permanently.

[Scott from the Left Coast]

Members of Congress who blame tax cuts for causing deficits might as well argue that gun manufacturers cause homicides, fast food restaurants cause obesity and cigarette makers cause lung cancer. Surely no one would agree with that flawed logic.

Ummmm...the left does argue those very things...with constant repitition. And, at least out here on the left coast, majorities believe it...hook, line and sinker. It gives the left no problem whatsoever to argue that tax cuts cause deficits...and it gives large chunks of the American electorate no difficulty whatsoever believing it to be unassailable gospel. So now what?

[groanup]

Thanks for the ping ee.

It is stupifying that liberals run around saying the opposite of this article. The facts are there. One must simply read them.

But nooooo. The libs perpetually drink from the Rober Rubin Kool-Aid thermos that we need higher taxes to balance the budget now. Pitiful.

[JR Reyling]

http://www.freerepublic.com/focus/f-news/1226265/posts#fn-2

It was Wilson and FDR who pushed taxes to these levels for both wars and the depression.

[eeevil conservative]

AMEN!

VERE WELL PUT!

;-)

[Txsleuth]

Please ping me....I hope he does say something to balance that dog and pony show she had yesterday.

[zbigreddogz]

Members of Congress who blame tax cuts for causing deficits might as well argue that gun manufacturers cause homicides, fast food restaurants cause obesity and cigarette makers cause lung cancer. Surely no one would agree with that flawed logic.

Uhh...this is a joke, right?

Not that he's wrong, he's 100% right, but isn't this pretty much the DNC platform?

[K-oneTexas]

I think ... I know what he is trying to say is that there is not a direct correlation between the two.

For some people and the Democrat Party platform cause means equals so: tax cuts = deficit; gun manufacturers = homicides; McDonalds et al = obesity; tobacco manufacturers = lung cancer.

Most people realize that some correlation exits but not total. I don't think it is a joke ... the joke is that many people don't care to hear the facts. They'd prefer to be told something and just restate it.

Facts after all have a way of tipping the apple cart and messing things up. Doesn't matter where, be it politics, ideas or even at home.

[eeevil conservative]

YOU BET DARLING!

I will ping you!

[hattend]

BTTT.

He's on at 5PM eastern? That's 1PM Alaska. I'll listen if I don't get busy.

[eeevil conservative]

COOL!

I will ping ya-- BTW- YES that is 5 Eastern

;-)

YOU SO ROCK!

[ancient_geezer]

The burden of high bracket rates on production increases as the square of the tax rate imposed (the burden quadruples for a doubling of the marginal rate.)

Focus those taxes on the most productive components of our business and investment infra-structure, as the graduated income tax does, and that effect can be devestating to an economy.

A Taxreform bump for you all.

If anyone would like to be added to this ping list let me know.

John Linder in the House(HR25) & Saxby Chambliss Senate(S25) offer a comprehensive bill to kill all income and SS/Medicare payroll taxes outright and replace them with with a national retail sales tax administered by the states.

H.R.25,S.25
A bill to promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national retail sales tax to be administered primarily by the States.

Refer for additional information:

• search: "national sales tax" OR "national retail sales tax" OR "fairtax"

[zbigreddogz]

I just mean it's a joke that he says, "Surely nobody would agree with that flawed logic."

I was just poining out that, at the very least, a large section of Democrats believe agree with exactly that.