If indicators point to an econimc recovery, why not have a tax cut? I still don't se your logic. During a recovery, companies will make more money, and therefore will generate more tax revenue.
If the rebuilding goes badly or slowly, investors will get skiddish and the recovery will be slower. It's better not to be pennywise and dollar-foolish
alas,
I did not start this thread to be a debate on the tax cut issue.....
HOWEVER,
this Administration has had a damn the facts full speed ahead agenda.
with Iraq the reason to attack changed daily,
the decision was made for one set of reasons, all Bush did for months was try to find a soundbite that would resonate with americans to get support for the attack.
same thing with a tax cut,
one day it's a "give back of the peoples money" cause the economy is just that good,
the next it's a "stimulus" cause the economy is just that bad.
and I will say over and over, a true stimulous plan would have been to put X dollars into the Maximum amount of hands.....
not a concentration toward the top of the pyramid.
and I am less interested in discussing the economics of it,
than of the "salesmanship" of it.
give the people back their money and economic stimulus are the same thing. It's not one or the other. Tax Cuts weren't positioned as one or the other. It does both.
Hate all you want. The rich make the country go round. It's not 10,000 poverty striken people buying that extra pizza this week because they have some more money that makes the economy churn, it's the insanely rich bying their 5th Bentley and having that money trickle down into the rest of the economy that creates the poor schlub having an extra $10 in his pocket to eat a pizza.
I would say it's niether,
or both,
but it's primarily the middle class leading our boring middle class lives that feed the economy.
It's NOT based on bentley sales and Caviar......
if it really fed off the top and trickled down, Iraq and Quatar would have a better standard of living.
i think you'd be surprised to find that many you would consider middle class are benifitting from tax cuts. i lead what i would consider a middle class lifestyle but according to the government and how much i get taxed, i get taxed like im rich. i would welcome a tax cut and i'm far from what you would consider rich, so how does that jive with your theory that tax cuts only benefit "the rich" ???
OH MY GOD!!!!!
almost everyone in the nation got "something" in the cut,
even po folk who pay squat got a bone thrown to them,
my point was, that the tax plan was structured so that the biggest benefit hit the top of the pyramid,
are you too dense to understand that?
Ken'sPen Wrote:if it really fed off the top and trickled down, Iraq and Quatar would have a better standard of living.
They have a completely different economy from ours. Horribly false premise of your argument.
They also aren't buying products produced or sold in their countries.
Bentley's are a US product?
Ken is right. Bush has bamboozled you all. Stop voting for your daddies candidate and learn to read about the issues from a source other than the new york post or listening to that lying moron o'reilly on your television. I know tv is bright and shiny with pretty colors but it is full of liars with an agenda.
I wouldn't believe Bland if he told me water is wet.
Quote:my point was, that the tax plan was structured so that the biggest benefit hit the top of the pyramid,
are you too dense to understand that?
as they should, they pay the largest share of taxes. i dont see what the problem is here.
I wouldn't question it if it was a percentage break,
I would understand that 2% of a big number is more than 2% of a smaller number....
instead fundamental changes were made, ie taxation of dividends and inheritance.....
oh nevermind.
it doesnt matter what they cut, why are we always trying to punish people for being successful?
they did both.
And putting aside who it benefits for a second, how can anyone be fundamentally opposed to cutting taxes on dividends (which have already been taxed as profits from a company), capital gains (when they cap the tax benefit you can get from capital losses and the money you invested was already taxed by the government) or inheritence (this is the biggest bullshit of all. I make my money, there is no transaction at all. I just want to transfer my assets after I'm dead to my loved ones, and the government takes half of it???)
I am more angry at the lies they told to get those cuts. Big, shameful lies.
i agree, we were lied to about the reasons for going to war. they had a good enough reason but they had to go and oversell it.
This looks like a good place to sully this otherwise fine discussion.
Sully is what they call all the irish people in Boston.