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Thread: More Democrats break with Obama on tax cuts

  1. #211
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    Re: More Democrats break with Obama on tax cuts

    Joe, would you agree that a tax hike on those who are the job creators at this time would be counter productive to a better economy?


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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by j-mac View Post
    Joe, would you agree that a tax hike on those who are the job creators at this time would be counter productive to a better economy?


    j-mac
    No. I don't believe it would have any effect at all. There is no evidence they they consider taxes when deciding whether to hire at all. We've seen job creation historical with tax hikes and with tax cuts, and job loss with tax cuts (like right now) and without them. There is no evidence I can find that it matters at all.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Boo Radley View Post
    No. I don't believe it would have any effect at all. There is no evidence they they consider taxes when deciding whether to hire at all. We've seen job creation historical with tax hikes and with tax cuts, and job loss with tax cuts (like right now) and without them. There is no evidence I can find that it matters at all.
    There is evidence of this....

    Raising taxes is more than just a matter of fiscal policy and deficits. It is not just a bookkeeping exer cise. Raising taxes deprives citizens of their prop erty. Raising taxes has important results as higher taxes discourage the forces of economic growth, thus spreading their consequences far and wide in terms of lost jobs, wages, and opportunities.
    If Congress enacts the Presidentís tax plan, it will hurt Americans at every income level, not only the so-called rich, because it will:
    Slow down economic growth as the economy continues to struggle;
    Keep people unemployed that otherwise would have found work;
    Put even more Americans out of work; and
    Slow down economic growth permanently and lower Americansí standard of living as a result.
    With unemployment lingering around 10 per cent and economic recovery softening, now is the worst possible time to discourage families, small businesses, and investors from engaging in the behaviors that will help lift the economy out of its long and persistent slump. Unfortunately, that is exactly what President Obamaís tax hike plan will do. In fact, if Congress passes the Presidentís tax hike plan, businesses will create 7 million fewer jobs over the next decade than they would if tax rates remain where there are now.[2] That is, 7 million additional Americans will not have a job because of a misguided tax increaseóroughly equivalent to the total loss of jobs during the recent recession. In terms of job loss, the Obama tax hike is effectively equivalent to a deep recession, except this one would be intentional.

    Obama Tax Hikes: Bad for All Americans | The Heritage Foundation
    You might want to read this fully.


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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by j-mac View Post
    There is evidence of this....



    You might want to read this fully.


    j-mac
    Actually, no it isn't. It's their OPINION. other's have a different OPINION. I've linked them earlier. What I'm speaking of is OBJECTIVE evidence. Like, with tax cuts in place right now, where are the jobs?

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by j-mac View Post
    There is evidence of this....



    You might want to read this fully.


    j-mac
    You're wasting your time. Boo will argue for days that white is black and black is white. The only REAL proof is his, all others are just opinions.

    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Gill View Post
    You're wasting your time. Boo will argue for days that white is black and black is white. The only REAL proof is his, all others are just opinions.
    No, proof is showing that it isactually true with, you know, facts. We have the tax cuts in place right now. Where are the jobs? We had jobs with higher tax rates, expalin why? See, I'm asking for factual information to support your claim.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Boo Radley View Post
    No, proof is showing that it isactually true with, you know, facts. We have the tax cuts in place right now. Where are the jobs? We had jobs with higher tax rates, expalin why? See, I'm asking for factual information to support your claim.
    I already showed you proof, but you blew it off as you always do.

    No one is hiring because the Dems have everyone scared to death. Health care reform, a tax increase after the first of the year, cap and tax... no one knows what the crazy Dems will try and do in the lame duck session after they have their asses handed to them in November.

    Of course no one is hiring, but it has nothing to do with the existing tax cuts.

    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Boo Radley View Post
    No. I don't believe it would have any effect at all. There is no evidence they they consider taxes when deciding whether to hire at all. We've seen job creation historical with tax hikes and with tax cuts, and job loss with tax cuts (like right now) and without them. There is no evidence I can find that it matters at all.
    Actually, we do. If the cost of doing business goes up because of taxes, when revenue generation continues to remain depressed, or drops lower, then yes, taxes are a big consideration. I've down sized one of my businesses, because of Obamacare and higher taxes around the corner.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Gill View Post
    I already showed you proof, but you blew it off as you always do.

    No one is hiring because the Dems have everyone scared to death. Health care reform, a tax increase after the first of the year, cap and tax... no one knows what the crazy Dems will try and do in the lame duck session after they have their asses handed to them in November.

    Of course no one is hiring, but it has nothing to do with the existing tax cuts.
    This shouldn't be this hard. I know you think it is proof, though I can't remember what you showed me, but as I know we've had a good economy during times with a high tax rate, and a poor economy with a low tax rate, and everything inbetween, I know there is no factual evidence supporting the claim. I need look no further then right now, as those tax cuts are in place, and yet other factors mean far more than taxes. We can see that right now. So while I am certain you think and believe you showed proof, I'm just as certain I explained why it failed to meet that burden. Just as j's opinion doesn't equal objective evidence.

    And no, there is no objective evidence suggesting business is too scared. that too is little more than hyperbolic fear mongering opinion run amuck. Business hires when people buy. It really is that simple. It has seldom if ever trickled down; it more often trickles up.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by apdst View Post
    Actually, we do. If the cost of doing business goes up because of taxes, when revenue generation continues to remain depressed, or drops lower, then yes, taxes are a big consideration. I've down sized one of my businesses, because of Obamacare and higher taxes around the corner.
    Well, I hope you understand your personal experiences, as unverifable as it is, can't be used as evidence. We need something more verifiable and objective.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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