Page 102 of 108 FirstFirst ... 25292100101102103104 ... LastLast
Results 1,011 to 1,020 of 1076

Thread: More Democrats break with Obama on tax cuts

  1. #1011
    Sage
    Erod's Avatar
    Join Date
    Aug 2008
    Location
    North Texas
    Last Seen
    Today @ 07:00 PM
    Lean
    Conservative
    Posts
    13,072

    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Conservative View Post
    The Tax Foundation needs to tell the checkbook of the United States that the revenue collected after the tax cuts is wrong. Why don't you take up that role and give them a call. The actual factual information shows differently. From the checkbook of the United States

    Tax revenue by year. the Bush tax rate cuts went into effect July 2003

    2000 3,132
    2001 3,118
    2002 2,987
    2003 3,043
    2004 3,265
    2005 3,659
    2006 3,996
    2007 4,197
    2008 4,072
    I guess The Tax Foundation conveniently ignored that bit of hard evidence. LOL

  2. #1012
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Today @ 01:37 PM
    Gender
    Lean
    Conservative
    Posts
    67,270

    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Erod View Post
    I guess The Tax Foundation conveniently ignored that bit of hard evidence. LOL
    Hard evidence always confuses people, I just want to know why actual numbers are trumped by other sites. Can't figure out why these other sites don't tell the U.S. Treasury that they are wrong.

  3. #1013
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Today @ 01:37 PM
    Gender
    Lean
    Conservative
    Posts
    67,270

    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by liblady View Post
    um....what do you mean? nobody overspent during the clinton 8 years, now did they? that leaves ancient history........and now. so where do you get over and over and over again?
    Do you realize that Republicans controlled the Congress during the Clinton years? Did Bill Clinton sign budgets more or less than he proposed?

  4. #1014
    Student Johnny DooWop's Avatar
    Join Date
    Aug 2010
    Location
    The Right
    Last Seen
    11-02-10 @ 02:28 AM
    Lean
    Very Conservative
    Posts
    290

    Re: More Democrats break with Obama on tax cuts

    Statement

    Quote Originally Posted by Erod View Post
    There's a lot more to the economic trends of the country than where tax rats are....The smartest economists in the world don't understand all the factors that make the economy sway to and fro.
    Blatant contradiction to the poster's own statement.

    Quote Originally Posted by Erod View Post
    But it's basic common sense that if you lessen risk for business, and less the tax burden on individuals, than expansion and consumerism will increase. File this under "duh".
    Apparently you're smarter than the smartest economist in the world.
    Last edited by Johnny DooWop; 10-29-10 at 08:06 PM.
    I'll keep my guns, freedom and money, you can keep the change.

    Math equation for soldiers: M+16=0 terrorist

  5. #1015
    Student Johnny DooWop's Avatar
    Join Date
    Aug 2010
    Location
    The Right
    Last Seen
    11-02-10 @ 02:28 AM
    Lean
    Very Conservative
    Posts
    290

    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Conservative View Post
    The Tax Foundation needs to tell the checkbook of the United States that the revenue collected after the tax cuts is wrong. Why don't you take up that role and give them a call. The actual factual information shows differently. From the checkbook of the United States

    Tax revenue by year. the Bush tax rate cuts went into effect July 2003

    2000 3,132
    2001 3,118
    2002 2,987
    2003 3,043
    2004 3,265
    2005 3,659
    2006 3,996
    2007 4,197
    2008 4,072
    Total Federal Tax Revenue by year
    2000 236.2
    2001 128.2
    2002 -157.8
    2003 -377.6
    2004 -412.7
    2005 -318.3
    2006 -248.2
    2007 -160.7

    http://www.cbo.gov/budget/data/historical.pdf
    I'll keep my guns, freedom and money, you can keep the change.

    Math equation for soldiers: M+16=0 terrorist

  6. #1016
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Today @ 01:37 PM
    Gender
    Lean
    Conservative
    Posts
    67,270

    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Johnny DooWop View Post
    Total Federal Tax Revenue by year
    2000 236.2
    2001 128.2
    2002 -157.8
    2003 -377.6
    2004 -412.7
    2005 -318.3
    2006 -248.2
    2007 -160.7

    http://www.cbo.gov/budget/data/historical.pdf
    Do you realize what you just posted from CBO? I posted total tax revenue for the years in question, what did you just post. Read the chart again.

  7. #1017
    Student Johnny DooWop's Avatar
    Join Date
    Aug 2010
    Location
    The Right
    Last Seen
    11-02-10 @ 02:28 AM
    Lean
    Very Conservative
    Posts
    290

    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Conservative View Post
    Do you realize what you just posted from CBO? I posted total tax revenue for the years in question, what did you just post. Read the chart again.
    Oh snap. Brain fart. Wrong figures. I'm trying to write a mid-term paper on loose nuclear weapons and argue with you at the same time. I have the data I want to show you, just gotta go find it again.
    I'll keep my guns, freedom and money, you can keep the change.

    Math equation for soldiers: M+16=0 terrorist

  8. #1018
    Sage
    j-mac's Avatar
    Join Date
    Mar 2009
    Location
    South Carolina
    Last Seen
    Today @ 08:26 PM
    Gender
    Lean
    Conservative
    Posts
    30,317

    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Johnny DooWop View Post
    Total Federal Tax Revenue by year
    2000 236.2
    2001 128.2
    2002 -157.8
    2003 -377.6
    2004 -412.7
    2005 -318.3
    2006 -248.2
    2007 -160.7

    http://www.cbo.gov/budget/data/historical.pdf
    I prefer non tinkered with sources....

    Lawmakers often cite CBO figures as holy writ and use them in arguments supporting or opposing proposed measures. But can the CBO estimate costs of complex programs down to the last billion dollars? Do CBO numbers present an accurate picture to legislators and to the American people?

    “Everyone should know that any number will be either too high or too low,” Donald Marron, a former CBO deputy director told The Daily Caller.

    There are a number of problems associated with CBO’s estimates. Some have to do with the games Congress itself plays with numbers.

    Congressional Budget Office consistently wrong on health-care estimates | The Daily Caller - Breaking News, Opinion, Research, and Entertainment
    The CBO is like a computer...Garbage in, garbage out.


    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

  9. #1019
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Today @ 01:37 PM
    Gender
    Lean
    Conservative
    Posts
    67,270

    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by j-mac View Post
    I prefer non tinkered with sources....



    The CBO is like a computer...Garbage in, garbage out.


    j-mac
    Amazing, isn't it how CBO, The Congressional Budget Office, is cited as being the gospel but only when it comes up with the numbers that a particular party wants yet all ignore that it is seldom accurate with their projections and are never held accountable for their failures.

  10. #1020
    Student Johnny DooWop's Avatar
    Join Date
    Aug 2010
    Location
    The Right
    Last Seen
    11-02-10 @ 02:28 AM
    Lean
    Very Conservative
    Posts
    290

    Re: More Democrats break with Obama on tax cuts

    Ok Neo-Con, I looked at the figures again, and you are right. Touche. (Unlike you I am man enough to admit when someone else is right). Where the confusion was is that I was looking at tax revenues relative to the GDP, which still haven't returned to the 2000 peak. But as for just tax revenues, yes, they increased. However, as has already been pointed out by many other members, that does not reflect a positive for the economy because when you consider GDP, unemployment, deficit, etc., it is clear the tax cuts did not help the economy. Also, figures of course show that tax revenues would have increased even more had the tax cuts not been implemented. However there is no point arguing this because you said this...

    Quote Originally Posted by Conservative View Post
    I will never accept that people keeping more of their money doesn't stimulate spending and thus demand for goods and services thus jobs. Nor will I ever accept that the Federal govt. will be responsible with getting more revenue and not spend it. Individuals keeping more of what they earn puts the power where it belongs with the American consumer, not the govt. bureaucrats.
    You have admitted that you will never accept facts, even if they prove tax cuts aren't good for the economy, based on your conservative bias. Therefore, there is no point arguing facts with you. However, I actually agree with part of your statement "Individuals keeping more of what they earn puts the power where it belongs with the American consumer, not the govt. bureaucrats." I guess your reasoning is, neither democrats or republicans are going to cut spending, so the options are, either pay higher taxes to fund our out of control spending, or pay lower taxes, thus keeping more of our money and let the chips fall where they may. I actually agree with your reasoning. Its "the lesser of two evils" so to speak. But we must understand, that position is a philisophical one, not an economic one. Philisophically, I agree, Americans should be keeping more of their money even if the feds don't stop spending, economically however, it appears low taxes and high spending are bad for the economy.
    I'll keep my guns, freedom and money, you can keep the change.

    Math equation for soldiers: M+16=0 terrorist

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •