Posted on 09/04/2010 5:11:56 AM PDT by Son House
Tax cuts also lead to more jobs for the private sector too. The part Democrats and their media also discard.
Low tax rates also protect Americans from foolish politicians and their spending sprees.
Lobs hates when Palin says words like “idiotic”
Whose bright idea was it to put a sunset provision on the tax cuts to begin with. That is the biggest idiot of all.
The End of Prosperity: How Higher Taxes Will Doom the Economy--If We Let It Happen, by Arthur B. Laffer , Stephen Moore, Peter Tanous.
I wish I could buy a copy for every voter.
Well, when things get REAL bad, I’m going to get the money out of my Monopoly set, and take it to the bank. We can increase the money supply, stimulus PLUS for the citizens, and make this country prosperous again!
No one should be forced to give more than 10% of their income to the government. No one should be allowed to give less than 10% of their income to the government. Flat, low tax is the answer. It takes control away from the government and puts it back with the people, where it belongs.
Today’s “progressive” tax rate is nothing more than slavery - enslaving of the productive to buy the votes of the lazy.
Typical lying demoRATs. The estate tax assaults family owned farms and businesses that are asset rich but cash poor. A survey was taken among failed businesses, which businesses had been inherited from the parents. Literally 90% of the new owners said their business failed because after they paid the death tax, they didn't have enough cash to operate.
Stinking thieving liberals.
And the senator from vermont who's pushing for the death tax? He's a self proclaimed socialist who ran on an independant ticket. Typical.
Most people don’t care about the tax cuts expiring because they don’t believe it affects them. “Just the rich”. Even the smallest tax base is affected by this. It’ll take a few months after they expire before they “wake up”.
As for tax cuts leading to “more jobs in the private sector” that’s exactly what dems DON’T want. The MSM will continue to point out how “the rich will finally have to pay their share”.
This is why I don’t think they’ll extend them. This won’t be the “October surprise”.
Er, IIRC, it was the Pubbies :)
They did it to get around pay-go and to get some 'Rats to sign on.
Shortsighted little buggers, weren't they?
If anyone thinks the economy is bad now wait until the Bush tax cuts run out.
Come next April when people file their tax returns, we will be lucky if the next rally at the Lincoln Memorial isn’t a lynch mob.
Note to families and friends of the folks described above: Buy them a copy of that book I mentioned upthread :)
Well, yes and no, if anything there should be additional tax cuts, not merely allowing the Bush Cuts to continue, as their effect has already been absorbed by the economy.
And no, tax cuts do not protect Americans from Tom Fool politicians and their spending sprees, as they simply issue more debt to finance the spending which just creates a pay me now, or pay me later, but you are going to pay situation.
My guess is it won't take that long. Especially if a lame duck Congress runs amok sticking it to the electorate that just tossed so many of them out on their arses.
Read the article.
The Senate democrats at the time would not vote for the tax reduction. Don’t you remember Tom Daschle and his muffler? He stood in front of a auto muffler on the driveby nightly newscasts declaring that the money a “working class” family would save would be enough to buy them a new muffler, but not a new car. I believe Dick Gephart stood at his side, pouting.
As Rush said above, the CBO would NOT say the tax cuts would garner revenue increases, and therefore the best that Republicans could do at the time was pass the cuts as reconcilliation between the two houses, which REQUIRED they envoke the sunset clause. Nobody’s idea unless you consider Robert Byrd, (KKK-WV), who wrote the reconcilliation rules.
They sure were. I especially think the worst part of the tax rates returning to what they were in 2002 is that the estate tax is going to hit those with 1 million to 3 million pretty hard. That really is not a ton of money today. The one thing that is a bit weird about saying we are going to be hit with the highest tax increase ever is if we are going back to 2002 rates how is that possible? I mean most of us have had numerous raises since then. I mean when my paychecks added the tax cuts, it was not this huge windfall. I mean it was 100 bucks or so. Does this mean that my taxes go up 100 dollars in 2011?
McCain was a subverter of efforts to have corresponding spending cuts and staged much of the “compromise” as I recall.
I think we will see the Republicans sit on their hands and the lame ducks will out fox them.
That is an exaggeration too. You don’t pay death tax on anything under 3 million dollars. Are you saying that these businesses were over 3 million? Most companies are in the 1-2 million range.
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