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”.
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.
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.
No worries. When everyone gets poor, just go to McDonalds for the the “Obama Value Meal”.
Just order whatever you want and the guy behind you has to pay for it...
What about the dam chicken-littles?
The Long-Term Budget Outlook - June 2010
https://www.cbo.gov/ftpdocs/115xx/doc11579/06-30-LTBO.pdf
The Budget and Economic Outlook:An Update - August 2010
https://www.cbo.gov/ftpdocs/117xx/doc11705/08-18-Update.pdf
Federal Debt and the Risk of a Fiscal Crisis - July 2010
https://www.cbo.gov/ftpdocs/116xx/doc11659/07-27_Debt_FiscalCrisis_Brief.pdf
The alternate scenarios don’t reflect the usual wisdom related above. We seem to be in a fundamentally different economic environment that implies a different approach. Care is being suggested in near term tax/spending issues.
Rush Limbaugh: Sarah Palin... On Fox News Sunday... said it was "idiotic" to let the Bush tax cuts expire... the subject of whether the Bush tax cuts should sunset -- should expire in December or be extended for everybody -- is now the topic de jour. And it's fascinating to read both sides of this. I mean, there is literally no argument, no debate if you're being intellectually honest that tax cuts stimulate economic growth. They stimulate, period. And there's no argument that tax increases, particularly in economic circumstances like this, deplete resources in the private sector and thus private sector activity is slowed down -- and it's not just a static thing... The left cannot afford for that to be accepted as a norm throughout, and so the argument has come up and they're piling on with as many people as they can to suggest that the Bush tax cuts are the reason why we're in the problem that we're in. Nothing can be further from the truth, and we've told you over the course of the program here since 2000. We've had the stories time and time again how Washington was shocked to see all the additional revenue they hadn't counted on flowing into the Treasury simply because of a capital gains tax rate reduction down to 15%.Thanks Son House.
I can’t see any politician speaking out against extending them; every incumbent would probably lose their seat, except the gerrymandered districts where nobody pays taxes anyway.
If it wasn’t for the injustice involved, it will be humorous seeing the Obama-bots paying out of their nose starting with the Jan. 15 paychecks. But they will remain optimistic.