A Case For Tax Cuts
Why Bush's Tax Cuts are Working,
and to not extend them would be foolish.
and to not extend them would be foolish.
Check out The Article by Investor Daily: Supply Side Boom
"For Democrats opposed to the cuts, no argument has been more potent than that tax cuts somehow "cost" the government money — and thus make deficits worse. Snow's chart, shown [to the right], puts the lie to that argument."
"More important, however, is the impact tax cuts have on the economy. Since May 2003, when Bush's major plan of tax cuts on both capital and income took effect, the economy has been on a tear. It's virtually impossible to argue the two aren't linked."
"We also hear how all the tax cuts are going to the "rich." Again, not true. A surge in entrepreneurship, jobs, income and wealth has made all of us richer and more secure. As Snow noted in his speech Thursday, 57 million Americans now own stocks — or about half of all households. Yet, the median income for shareholders is a very un-Rockefeller-like $65,000."
"The economy is surging, and the budget deficit is now shrinking as a share of GDP. Getting rid of the tax cuts that made all this possible would be the height of folly."
"More important, however, is the impact tax cuts have on the economy. Since May 2003, when Bush's major plan of tax cuts on both capital and income took effect, the economy has been on a tear. It's virtually impossible to argue the two aren't linked."
"We also hear how all the tax cuts are going to the "rich." Again, not true. A surge in entrepreneurship, jobs, income and wealth has made all of us richer and more secure. As Snow noted in his speech Thursday, 57 million Americans now own stocks — or about half of all households. Yet, the median income for shareholders is a very un-Rockefeller-like $65,000."
"The economy is surging, and the budget deficit is now shrinking as a share of GDP. Getting rid of the tax cuts that made all this possible would be the height of folly."
posted by Anonymous @ 2:13 PM
5 Comments:
At 12:24 AM,
M. McKain said…
I don't see how this necessarily proves anything; we were going through a minor recession, Bush cut taxes (supposedly temporarily increasing the deficit) to spur the economy, and now its spurred and receipts are back up where they should be based on normal growth. That doesn't mean we should cut taxes even more and risk killing the growth by eliminating more revenue. We're fighting a war, and we have to pay for it somehow. What ever happen to sacrafice? This chart may show correlation between a tax cut and increased growth, but that both fails to show causation and fails to show that it will encourage futher growth when we are not heading into a recession.
At 9:40 AM,
Anonymous said…
i have an idea..... let's cut taxes again and then grab some random statistics, put them into a chart, and claim that Bush's policies are responsible for making the little jagged line go higher and higher on the chart...... TOO LATE. It doesn't take a rocket scientist to realize that spending more than you take in creates a deficit. Republicans fail to see that simple point. Republicans claim that Democrats are morally bankrupting America. However, they fail to realize that Republicans are just bankrupting the nation economically.
On top of all of that, I think this blog is hilarious. This isn't a blog to talk about politics and learn - it is a blog so some college students who want to be on the "winning team" and became Republicans can sit there patting themselves on their backs for irrelevant occurences that you all seem to somehow want to be associated with the Republican party.
"That was the best cup of coffee I've ever had...... must have been because Bush cut taxes"
"It's amazing that it snowed so early this year.... must be because God likes Republicans"
"Holy shit, the sun rose today....AGAIN! Bush's policies are definitely responsible"
At 11:08 AM,
Ryan S. said…
You think all of us became Republicans to be on 'the winning team'? Because I was a Republican when the Democrats held both houses of Congress and the Presidency (1992-3).
We're not all Bush-happy either.
If you don't like this blog, don't read. Otherwise, if you feel commenting necessary, make sure it is something thoughtful or constructive, and not mindless hate drivel.
At 1:23 PM,
M. McKain said…
Further proof of how radical ideologues on both sides interrupt and prevent constructive and meaningful debate and criticism...
At 1:26 PM,
Ryan S. said…
I will say that tax cuts stimulate growth, but now with the deficit being enormous, we need to cut the budget.
Post a Comment
<< Home