But, but, but that caused the debt increase and we all know the govt. can spend the money better than the people can when they keep their own. Where is that liberal compassion? We have to help our fellow Americans by giving it to the govt. so they can spend it the way they see fit. You seem like a heartless conservative to me who wants to starve kids, kill seniors, and pollute the air by keeping more of your own money.
Ah! But here's the difference...
When tax time comes around I pay whatever taxes I owe DIRECTLY FROM MY EARNINGS! I don't have pre-tax shelters to hide money and avoid paying taxes. Now, not all wealthy individuals or corporation does that, however, I'm sure there are some with hefty tax bills. Nonetheless, what the average American worker sees is few tax breaks for the working class, few opportunities to invest because wages have been flat (and if some states with Conservative leadership had their way, wages would never increase particularly for public employees) and few incentives to spend beyond the basics while the opposite seems true for the wealthy. Case and point, there's no denying reports illustrating the income gap between the poor and the rich or the middle-class and the rich. Wealthy individuals' earnings have dramatically increased even during the recession as this
article clearly indicates. And yet, job growth though improving hasn't improved fast enough to further reduce the unemployment rate which last reported sits at 8.8%, a 1% decrease from 2 years ago.
So, when I hear arguments in support of the wealthier class in light of their increased earnings yet see the jobs numbers remaining so dreadfully low, I think of the trickle-down theory and question the validaty of this concept. Truth is, it just doesn't work and the evidence is here and now staring us all squarely in the face.
Now, tax cuts in bad economic times can do wonders to improve a nation's economy assuming your Treasury's revenue stream can afford it. By all accounts, ours cannot. Hence, the reason taxes will very likely need to be increased at some point. But for the hear and now, the nation does need to reduce its spending. That I will agree with Republicans on. However, anyone who thinks the Bush Tax Cuts should continue after 2011 (assuming that the economy is on an up-tick by that Fall), IMO, are merely seeking to impose their own ideology upon America and not doing what's truly in the best interest of the country. If you're really serious about reducing the deficit, WE ALL will need to be brave enough pay alittle more in taxes by a small fractions (I'll let the economist figure out the numbers.) and pay down this debt. Spending cuts alone just won't get the job done in the near term.