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Thread: More Democrats break with Obama on tax cuts

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Conservative View Post
    As stated, after the tax cuts jobs were created. That is a proven fact.
    Printing out money to cover war expenses and depressions has been beneficial for economies too, in the short term. Bush tax cuts hurt the economy in the long term, and that is a fact.

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Boo Radley View Post
    As noted, not due to tax cuts. You make a causal relationship error. As noted, we ahve the tax cuts in place and yet have lost jobs. And all of or history shows a mixed bag concerning taxes and the economy. You can't ignore the other facts that rebute your claim.
    Actually, he can; and, mostly, does.

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Boo Radley View Post
    As noted, not due to tax cuts. You make a causal relationship error. As noted, we ahve the tax cuts in place and yet have lost jobs. And all of or history shows a mixed bag concerning taxes and the economy. You can't ignore the other facts that rebute your claim.
    I showed that jobs increased with the tax cuts following months where jobs didn't increase when the taxes were higher. It is you that has a problem understanding that reality. Check out the job creation in 2002 vs 2003. Get back to me with the results. The Bush tax rate cuts hit in July 2003, all other taxes were rebates.

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by zip98053 View Post
    Actually, he can; and, mostly, does.
    Wonder why liberals don't send more of their own money to D.C. instead of forcing others to do it. You think the govt. needs the money more than the individual? Prove it, send more of yours instead of just what is required.

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Conservative View Post
    I showed that jobs increased with the tax cuts following months where jobs didn't increase when the taxes were higher. It is you that has a problem understanding that reality. Check out the job creation in 2002 vs 2003. Get back to me with the results. The Bush tax rate cuts hit in July 2003, all other taxes were rebates.
    Read slower. Not due to tax cuts. You have those tax cuts in place right now, and yet jobs were lost. We have history to show other times with other tax cuts and the economy did not improve. We have studies showing that tax cuts do not create jobs. Slow down, read slowly, think about it, address the rebuttal.

    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

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    More Democrats break with Obama on tax cutsGuys, let's calm this down a bit.
    We became a great nation not because we are a nation of cynics. We became a great nation because we are a nation of believers - Lindsey Graham

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    Uh oh Megyn...your vagina witchcraft is about ready to be exposed.

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Johnny DooWop View Post
    Of course, Mccain is a hero and Obama is a thief. I think I'm beginning to understand the GOP way of thinking.
    I don't recall saying that. Perhaps you could link to the post where I even implied it? No? I thought not.

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Conservative View Post
    As stated, after the tax cuts jobs were created. That is a proven fact.
    What is a fact is that there was at least one case where a tax cut preceded an increase in jobs. It is not a proven fact that all tax cuts are followed by increases in jobs. The data for the relationship between income tax cuts and job creation shows them to be highly uncorrelated. Other kinds of tax cuts seem to have more impact than income taxes in terms of job creation.

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Boo Radley View Post
    Read slower. Not due to tax cuts. You have those tax cuts in place right now, and yet jobs were lost. We have history to show other times with other tax cuts and the economy did not improve. We have studies showing that tax cuts do not create jobs. Slow down, read slowly, think about it, address the rebuttal.
    I totally understand, people keeping more of their money and deciding how to spend it doesn't impact our GDP, got it. Higher GDP doesn't mean more jobs, got it! Higher demand doesn't increase jobs, got it!

    What we have now is the threat of increased taxes and no one knows how much Obamacare will cost. As a business person would you hire more people now? in the meantime the people that are working have more take home pay. That is a good thing.

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by zip98053 View Post
    What is a fact is that there was at least one case where a tax cut preceded an increase in jobs. It is not a proven fact that all tax cuts are followed by increases in jobs. The data for the relationship between income tax cuts and job creation shows them to be highly uncorrelated. Other kinds of tax cuts seem to have more impact than income taxes in terms of job creation.
    When I talk tax cuts I mean rate cuts and that has only happened 4 times in the last 70 years including JFK, Reagan, and GW Bush.

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