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Thread: Obama: No Deal Without Tax Hikes

  1. #981
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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by sangha View Post
    If some guy with a blog wrote it, it must be true!!!
    Not necessarily. Care to disprove it?

  2. #982
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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by Goldenboy219 View Post
    Even extremely mild tax increases will be detrimental to growth. You will reduce real economic activity, dollar for dollar, with any and all tax increases on income.
    Is this true? Couldn't they put the taxes into "shovel-ready" projects?

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by Goldenboy219 View Post
    Even extremely mild tax increases will be detrimental to growth. You will reduce real economic activity, dollar for dollar, with any and all tax increases on income.
    CHART: Lower Taxes On The Rich Don’t Lead To Job Growth | ThinkProgress

    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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    Re: Obama: No Deal Without Tax Hikes

    tax increases do several things

    1) they don't increase jobs

    2) they fuel more reckless spending by the government

    3) they convince many slackers that the government can continue reckless spending since there is "more revenue" and those slackers continue to demand more reckless spending

    4) the dems can use it to fuel the class warfare and envy that gets many ne'er do wells to vote dem



  5. #985
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    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

  6. #986
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    Re: Obama: No Deal Without Tax Hikes

    no one has yet to come close to proving high marginal tax rates are responsible for growth

    we had high rates in the 50s when the USA was the only functioning industrial power after the war and we had huge growth as we supplied most of the world with machine tools etc



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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by LesGovt View Post
    What's truly sad is to watch liberals believe that taking more money from people is a good thing.

    What's truly sad is to think that increasing the minimum wage does not hurt anyone.

    What is even more truly sad is that liberals think the Democrats have the correct economic and fiscal policy for the United States.

    Pathetic! Truly pathetic.
    Take a look at this chart when sorted by % growth:

    Jobs created during U.S. presidential terms - Wikipedia, the free encyclopedia

    8 of the Top 10 Presidents in terms of job growth were Democrats.

    8 of the Bottom 10 are Republicans. If you take Obama out and don't count him until his term is finished, then you have 9 of the Bottom 10 being Republicans.

    Who has better policies?

  8. #988
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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by sangha View Post
    If some guy with a blog wrote it, it must be true!!!
    In 1990, President George H.W. Bush joined with House and Senate Democrats to craft a budget that raised taxes, breaking his “Read my lips; no new taxes” pledge. Democrats sold the president a plan that promised $2 in spending cuts for every $1 in tax increases. Not only did the spending cuts never materialize, outlays actually grew. Congressional Democrats instead spent $23 billion above the pre-budget-deal base line. Of course, the tax increases became manifest immediately - resulting in a $137 billion tax increase in exchange for the explosive spending.

    Taxpayers didn’t respond kindly to this abuse. In the 1990 congressional midterms, Republicans lost eight seats, while Mr. Bush was shown the door after only one term. Lawmakers would be wise to heed the lessons learned the hard way by those who break tax pledges.

    The first President Bush wasn’t the only Republican to buy into the fallacy of a bipartisan budget deal that promises spending cuts in exchange for tax increases. President Reagan signed into law the 1982 Tax Equity and Fiscal Responsibility Act, brokered with Democrats to cut spending and raise taxes. This “deal” promised $3 in spending cuts for every $1 in tax increases.

    That spending restraint was never realized, either. Instead, the resulting tax increase was the largest in peacetime history, making up almost 1 percent of GDP. This $37.5 billion tax increase did nothing to shore up the spending deficit - in fact, the deficit jumped from 4 percent of GDP in 1982 to 6 percent in 1983 and did not dip back below 4 percent until after the tax reform enacted in 1986, when it dropped 1.8 percentage points to 3.2 percent in 1987.


    CORRAO: It's the spending, stupid - Washington Times

    And now for you listening and viewing enjoyment:


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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by FilmFestGuy View Post
    Take a look at this chart when sorted by % growth:

    Jobs created during U.S. presidential terms - Wikipedia, the free encyclopedia

    8 of the Top 10 Presidents in terms of job growth were Democrats.

    8 of the Bottom 10 are Republicans. If you take Obama out and don't count him until his term is finished, then you have 9 of the Bottom 10 being Republicans.

    Who has better policies?
    you assume a policy has an instantaneous effect on the economy



  10. #990
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    Re: Obama: No Deal Without Tax Hikes

    Welfare-queen states - The Washington Post

    Happily, the Tax Foundation — a conservative Washington-based think tank — has, however unintentionally, provided the answer. In 2007, the foundation published a survey of 2005 federal spending in each state and compared that with each state’s contribution in federal taxes. In other words, the foundation identified the states that sponge off the federal government and those that subsidize it. The welfare-queen states and the responsible, producing states, as it were.

    The list, alas, hasn’t been updated — in part, no doubt, because conservatives didn’t like what it revealed: that those states that got more back from our government than they paid in were overwhelmingly Republican. The 10 biggest net recipients of taxpayers’ largess were, in order, New Mexico, Mississippi, Alaska, Louisiana, West Virginia, North Dakota, Alabama, South Dakota, Kentucky and Virginia. The 10 states that paid in the most and got back the least were New Jersey, Nevada, Connecticut, New Hampshire, Minnesota, Illinois, Delaware, California, New York and Colorado.
    You can see the wholse chart at:

    The Tax Foundation - Federal Spending Received Per Dollar of Taxes Paid by State, 2005
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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