"There is a lot of talk coming from CitiGroup about how Dodd-Frank isn't perfect, So let me say this to anyone listening at Citi —I agree with you. Dodd-Frank isn't perfect. It should have broken you into pieces." -- Elizabeth Warren
When the economy is good, taxes don't need to be cut. In fact they can be gradually raised to lower deficits and increase federal revenue. When the economy is poor and jobs are being lost, lowering taxes across the board helps financially strapped families, as well as provides more capitol for businesses to invest, expand and hire new workers.
Why is this simple, and proven economic theory so hard for the left to comprehend?
Looks to me we are facing a stagnant economy with little or no job creation, yet people like you are all for letting the Bush tax cuts expire at the end of the year for upper income brackets. How about you look back over the last 40 years and tell me what approach has been effective for sparking economic growth under similar conditions like we are faced with now, and what approach has failed? Then apply a bit of common sense and see if you can determine what might be a reasonable approach to the economic problems we face.
Even Reagan's director of the Office of Management and Budget, David Stockman thinks the Bush tax cuts will bankrupt America.
Stockman: Bush Tax Cuts Will Make U.S. Bankrupt : NPR
2001-2008: Dissent is the highest form of patriotism.
2009-2016: Dissent is the highest form of racism.
2017-? (Probably): Dissent is the highest form of misogyny.
PolitiFact | Sarah Palin said Democrats are planning "the largest tax increase in U.S. history"):
He combined that with stimulative spending, and the economy recovered.a 1982 tax increase signed into law by President Ronald Reagan. The tax increase resulting from the Tax Equity and Fiscal Responsibility Act of 1982 came to 1.23 percent of GDP when the tax changes were fully implemented, four years after the law's passage.