Posted on 06/02/2012 3:18:55 PM PDT by WilliamIII
June 1 (Bloomberg) -- Former Florida Governor Jeb Bush, in a break with his party, said he could support tax increases to help reduce the federal government’s budget deficit.
The brother of former President George W. Bush told a congressional panel in Washington today that he could back a theoretical deficit-reduction package that would include $1 in tax increases for every $10 in spending cuts.
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“If you could bring to me a majority of people to say that we’re going to have $10 in spending cuts for $1 of revenue enhancement -- put me in, coach,” Bush told the House Budget Committee.
(Excerpt) Read more at washingtonpost.com ...
$1 in taxes for every $10 in spending cuts!
Who wouldn’t take that deal? Reagan took deals just like that only the spending cuts never materialized.
I say spending cuts FIRST!
$1 in taxes for every $10 in spending cuts!
Who wouldn’t take that deal? Reagan took deals just like that only the spending cuts never materialized.
I say spending cuts FIRST!
$1 in taxes for every $10 in spending cuts!
Who wouldn’t take that deal? Reagan took deals just like that only the spending cuts never materialized.
I say spending cuts FIRST!
The fool becomes the tool (invoking my Jesse Jackson imitation).
With the Democrats, when they get serious about budget deficit reduction, that means $1 in tax increases for $4 (or more) in spending increases (euphemistically called “painful cuts”). Of course, the tax increases actually discourage the economic activity subject to the increased tax so much that they cause long-term decrease in revenue to the Treasury, whereas the spending increases result in regulation that fatally punishes economic activity, the taxation of which brings revenue to the Treasury.
Lock your doors and turn out the lights, the Secret Service will be at your house in 5..........,4.........,3.........,2.
Never mind.
Tax increases?
What’s wrong with staff reductions and elimination of unessential positions, offices and all the other things we don’t need?
Seems to me we could get rid of the SWAT teams, and the other cops could use a few less stun guns and radar. If things are serious enough to need SWAT then call the National Guard.
Also, get rid of unneeded government offices.
I would support getting that 50% of people who freeload off the federal government and pay no tax having to have some skin in the game. Our spending wouldn’t be out of control if so many Americans did not have income taxes.Other than that I would never support the increase of any tax.
You do know what "bottom line" means? If not, I'll spell it out: total gross profit minus all operating expenses = net profit. Spend more in operating expenses than you take in by sales, capital borrowing, interest, etc., means you have a negative net cash flow. Kinda remind you of a certain Country[s].
Dear Jebbie, please go back to school and study Economics 101. If that's too time consuming than buy the book, "Economics For Dummies" or try "Business Basics For Dummies". Or you can always ask your accountant what a P&L statement is.
You're just another dumb f**k who has no idea how to balance a checkbook, or you just don't want to for your own political reasons. Just switch parties and be done with it.
Because you or any other politician is NEVER going to get the promised reduce expenditures for your pitiful 1% increase in revenue. Remember a guy named Ronald Reagan? He tried that and got screwed. The reductions never occurred.
You're living in Fantasyland, Jebbie. Grow up and go away. Actually, go away first.
Jeb should know you can’t tax your way out of a deficit mess like this. I’m hoping Mitt is not seriously considering him for VP.
EVERY SINGLE PERSON IN THIS COUNTRY WHO EARNS AN INCOME NEED TO PAY SOME FEDERAL INCOME TAX...TO HAVE SKIN IN THE GAME...
I have no need to worry...as our democrat clowns in DC would rather see the country collapse than tell their constitutes to get off the government teat
That is a great idea. Let’s see how the cuts work for 4 or 5 years, then we’ll discuss the tax increases.
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