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Thread: What purpose did the tax cut for the wealthiest serve?

  1. #221
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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by EarlzP View Post
    This is what you said



    President Obama used the tax extension to try to negotiate with the republicans on health care, it was a mistake to negotiate with the republicans he should have jammed the health care package through.The 2010 elections would have turned out much better for the democrats, the debt ceiling debacle would never have occured, instead of heading for a 2nd recession our economy would have continued it's slow recovery
    totally non responsive



  2. #222
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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by TurtleDude View Post
    totally non responsive
    I have noticed you have a problem with any one who does not agree with your baloney but this is even a new tactic for you, is this the republicans newest word game? I noticed that Perry has decided to be not only deceptive but also evasive when answering questions

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    Re: What purpose did the tax cut for the wealthiest serve?

    TurtleDude so can you answer what purpose did the tax cuts for the wealthy serve?


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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by Иосиф Сталин View Post
    What purpose did the tax cut for the wealthiest serve?
    I just can't bring myself to cry about the government being given less money, regardless of who it is who got to keep their income, rich, poor, or otherwise.

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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by Jerry View Post
    I just can't bring myself to cry about the government being given less money, regardless of who it is who got to keep their income, rich, poor, or otherwise.
    Well, we know that the tax cut for the rich, when considered in aggregate, went heavily to the non-wealthy.

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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by LesGovt View Post
    Well, we know that the tax cut for the rich, when considered in aggregate, went heavily to the non-wealthy.
    Unfotunatly jobs didn't ,and for tax cuts to be effictive one must pay taxes and to pay taxes one must have a job.
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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by EarlzP View Post
    I have noticed you have a problem with any one who does not agree with your baloney but this is even a new tactic for you, is this the republicans newest word game? I noticed that Perry has decided to be not only deceptive but also evasive when answering questions
    again non responsive



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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by TheDemSocialist View Post
    TurtleDude so can you answer what purpose did the tax cuts for the wealthy serve?
    asked and answered.

    Quote Originally Posted by TurtleDude View Post
    the purpose of the tax cut was Bush fulfilling one of his campaign promises to overturn the dem imposed massive tax hike on those who pay taxes. It also had the effect of helping an economy which had been damaged by the clinton dot com bubble burst and 9-11. The other impact was that it caused the rich bashers to have conniptions but their dear leader felt the tax normalization of Bush was so good he extended them
    Last edited by TurtleDude; 08-19-11 at 06:42 PM.



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    Re: What purpose did the tax cut for the wealthiest serve?

    the purpose of the tax cut was Bush fulfilling one of his campaign promises
    Good job..... He did that...

    to overturn the dem imposed massive tax hike
    "Massive tax hike"? What under Clinton it was 39% now its 34%.... Thats a "massive tax hike"? Seriously?!?!?!

    on those who pay taxes.
    Oh thats right only the rich pay taxes.....

    It also had the effect of helping an economy
    Pshhh... FALSE. Added a ton to the debt and deficit...
    Five myths about the Bush tax cuts
    Bill King: Facts don’t support belief that tax cuts spur growth | Viewpoints, Outlook | Chron.com - Houston Chronicle
    Economists Bush Tax Cuts Hurt Economy | New Just In
    RealClearPolitics - Video - Ed Schultz: Bush Tax Cuts Hurt The Economy
    Ezra Klein - CBO: Extending the Bush tax cuts will hurt the economy, reduce incomes
    Why Reagan/Bush Tax Cuts hurt the economy PT1 - YouTube
    Daily Kos: CBO Warns Permanent Bush Tax Cuts Will Hurt Economy
    tax.com: So How Did the Bush Tax Cuts Work Out for the Economy?
    Bill King: Facts don’t support belief that tax cuts spur growth | Viewpoints, Outlook | Chron.com - Houston Chronicle
    Economy pays price for Bush’s tax cuts

    Even if we limit the analysis by starting in 2003, when the dividend and capital gains tax cuts began, through the peak year of 2007, the result is still less income than at the 2000 level. Total income was down $951 billion during those four years.

    Average incomes fell. Average taxpayer income was down $3,512, or 5.7 percent, in 2008 compared with 2000, President Bush's own benchmark year for his promises of prosperity through tax cuts.

    Had incomes stayed at 2000 levels, the average taxpayer would have earned almost $21,000 more over those eight years. That's almost $50 per week.

    The tax cuts cost $1.8 trillion in the first eight years, according to an analysis by the Tax Policy Center, whose reliability the last administration went out of its way to praise. Those cuts were heavily weighted toward the people candidate George W. Bush famously called "haves and the have-mores . . . some people call you the elite. I call you my base."

    In the two years since 2008, the cuts' total cost grew to $2.3 trillion, the Tax Policy Center estimated.
    You can read more but i doubt you will because in your words everything that you dont agree with is "just a lie".


    which had been damaged by the clinton dot com bubble burst and 9-11.
    You have absolutely no proof of this... I have never heard this once in my life...

    The other impact was that it caused the rich bashers to have conniptions but their dear leader felt the tax normalization of Bush was so good he extended them


  10. #230
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    Re: What purpose did the tax cut for the wealthiest serve?

    the purpose of the tax cut was Bush fulfilling one of his campaign promises
    Good job..... He did that...

    to overturn the dem imposed massive tax hike
    "Massive tax hike"? What under Clinton it was 39% now its 34%.... Thats a "massive tax hike"? Seriously?!?!?!

    on those who pay taxes.
    Oh thats right only the rich pay taxes.....

    It also had the effect of helping an economy
    Pshhh... FALSE. Added a ton to the debt and deficit...
    Five myths about the Bush tax cuts
    Bill King: Facts don’t support belief that tax cuts spur growth | Viewpoints, Outlook | Chron.com - Houston Chronicle
    Economists Bush Tax Cuts Hurt Economy | New Just In
    RealClearPolitics - Video - Ed Schultz: Bush Tax Cuts Hurt The Economy
    Ezra Klein - CBO: Extending the Bush tax cuts will hurt the economy, reduce incomes
    Why Reagan/Bush Tax Cuts hurt the economy PT1 - YouTube
    Daily Kos: CBO Warns Permanent Bush Tax Cuts Will Hurt Economy
    tax.com: So How Did the Bush Tax Cuts Work Out for the Economy?
    Bill King: Facts don’t support belief that tax cuts spur growth | Viewpoints, Outlook | Chron.com - Houston Chronicle
    Economy pays price for Bush’s tax cuts

    Even if we limit the analysis by starting in 2003, when the dividend and capital gains tax cuts began, through the peak year of 2007, the result is still less income than at the 2000 level. Total income was down $951 billion during those four years.

    Average incomes fell. Average taxpayer income was down $3,512, or 5.7 percent, in 2008 compared with 2000, President Bush's own benchmark year for his promises of prosperity through tax cuts.

    Had incomes stayed at 2000 levels, the average taxpayer would have earned almost $21,000 more over those eight years. That's almost $50 per week.

    The tax cuts cost $1.8 trillion in the first eight years, according to an analysis by the Tax Policy Center, whose reliability the last administration went out of its way to praise. Those cuts were heavily weighted toward the people candidate George W. Bush famously called "haves and the have-mores . . . some people call you the elite. I call you my base."

    In the two years since 2008, the cuts' total cost grew to $2.3 trillion, the Tax Policy Center estimated.
    You can read more but i doubt you will because in your words everything that you dont agree with is "just a lie".


    which had been damaged by the clinton dot com bubble burst and 9-11.
    You have absolutely no proof of this... I have never heard this once in my life...

    The other impact was that it caused the rich bashers to have conniptions but their dear leader felt the tax normalization of Bush was so good he extended them


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