View Poll Results: Should the 2001/2003 GWB tax cuts be extended for people that make under $250k?

Voters
63. You may not vote on this poll
  • Yes, because...

    35 55.56%
  • No, because...

    24 38.10%
  • um... wait...

    4 6.35%
Page 28 of 33 FirstFirst ... 182627282930 ... LastLast
Results 271 to 280 of 321

Thread: Should the 2001/2003 GWB cuts be extended?

  1. #271
    Disappointed Evolutionist
    Catawba's Avatar
    Join Date
    Jun 2009
    Last Seen
    05-28-13 @ 08:15 PM
    Gender
    Lean
    Liberal
    Posts
    27,254

    Re: Should the 2001/2003 GWB cuts be extended?

    Quote Originally Posted by TurtleDude View Post
    where do you get the idea that tax hikes will actually increase tax revenues?
    History......
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  2. #272
    Enemy Combatant
    Kandahar's Avatar
    Join Date
    Jul 2005
    Location
    Washington, DC
    Last Seen
    10-15-13 @ 08:47 PM
    Gender
    Lean
    Liberal
    Posts
    20,688

    Re: Should the 2001/2003 GWB cuts be extended?

    Quote Originally Posted by TurtleDude View Post
    where do you get the idea that tax hikes will actually increase tax revenues?
    Just about any fair-minded observation of history and economics would reach this conclusion. And the nonpartisan CBO also agrees, with a few caveats.

    This something-for-nothing mentality, that you can cut taxes AND have higher revenue, may be true under rare exceptions (such as unusually high tax rates)...but in general it has caused high deficits for 30 years.
    Last edited by Kandahar; 02-15-10 at 12:29 AM.
    Are you coming to bed?
    I can't. This is important.
    What?
    Someone is WRONG on the internet! -XKCD

  3. #273
    warrior of the wetlands
    TurtleDude's Avatar
    Join Date
    Oct 2005
    Location
    Ohio
    Last Seen
    Today @ 09:34 PM
    Gender
    Lean
    Libertarian - Right
    Posts
    180,640

    Re: Should the 2001/2003 GWB cuts be extended?

    Quote Originally Posted by Kandahar View Post
    Just about any fair-minded observation of history and economics would reach this conclusion. And the nonpartisan CBO also agrees, with a few caveats.
    really? so given our current economy where many economists (I mean the real ones, not those in ivory towers but those who actually aren't living off of government grants) claim the expiration of the Bush tax normalization after the clinton hikes will cause a double dip recession?



  4. #274
    warrior of the wetlands
    TurtleDude's Avatar
    Join Date
    Oct 2005
    Location
    Ohio
    Last Seen
    Today @ 09:34 PM
    Gender
    Lean
    Libertarian - Right
    Posts
    180,640

    Re: Should the 2001/2003 GWB cuts be extended?

    Quote Originally Posted by Kandahar View Post
    Just about any fair-minded observation of history and economics would reach this conclusion. And the nonpartisan CBO also agrees, with a few caveats.

    This something-for-nothing mentality, that you can cut taxes AND have higher revenue, may be true under rare exceptions (such as unusually high tax rates)...but in general it has caused high deficits for 30 years.
    Tax cuts never cause deficits. Spending causes deficits



  5. #275
    Enemy Combatant
    Kandahar's Avatar
    Join Date
    Jul 2005
    Location
    Washington, DC
    Last Seen
    10-15-13 @ 08:47 PM
    Gender
    Lean
    Liberal
    Posts
    20,688

    Re: Should the 2001/2003 GWB cuts be extended?

    Quote Originally Posted by TurtleDude View Post
    really? so given our current economy where many economists (I mean the real ones, not those in ivory towers but those who actually aren't living off of government grants) claim the expiration of the Bush tax normalization after the clinton hikes will cause a double dip recession?
    I didn't say that tax cuts have no economic benefit. I said they don't create enough economic benefit to pay for themselves. If you want lower taxes to benefit the economy, that's perfectly defensible. But it's intellectually dishonest to claim that we can have our cake and eat it too. Tax cuts most certainly result in lower revenue.

    Are you coming to bed?
    I can't. This is important.
    What?
    Someone is WRONG on the internet! -XKCD

  6. #276
    Enemy Combatant
    Kandahar's Avatar
    Join Date
    Jul 2005
    Location
    Washington, DC
    Last Seen
    10-15-13 @ 08:47 PM
    Gender
    Lean
    Liberal
    Posts
    20,688

    Re: Should the 2001/2003 GWB cuts be extended?

    Quote Originally Posted by TurtleDude View Post
    Tax cuts never cause deficits. Spending causes deficits
    A deficit is defined as the difference between spending and tax revenue. So they both cause deficits.
    Are you coming to bed?
    I can't. This is important.
    What?
    Someone is WRONG on the internet! -XKCD

  7. #277
    Guru
    repeter's Avatar
    Join Date
    Apr 2009
    Location
    California
    Last Seen
    07-15-14 @ 12:06 PM
    Gender
    Lean
    Centrist
    Posts
    3,445

    Re: Should the 2001/2003 GWB cuts be extended?

    Quote Originally Posted by TurtleDude View Post
    Tax cuts never cause deficits. Spending causes deficits
    A tax cut is a decrease in revenue. Therefore, if you have enough tax cuts, with spending remaining constant, you encounter a deficit.
    Veni. Vidi. Vici.
    -Gaius Julius Caesar
    The Only Thing to Fear is Fear Itself.
    -Franklin Delano Roosevelt

  8. #278
    Disappointed Evolutionist
    Catawba's Avatar
    Join Date
    Jun 2009
    Last Seen
    05-28-13 @ 08:15 PM
    Gender
    Lean
    Liberal
    Posts
    27,254

    Re: Should the 2001/2003 GWB cuts be extended?

    Quote Originally Posted by repeter View Post
    A tax cut is a decrease in revenue. Therefore, if you have enough tax cuts, with spending remaining constant, you encounter a deficit.
    I don't see how it could clearer.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  9. #279
    Sage
    Navy Pride's Avatar
    Join Date
    Jul 2005
    Location
    Pacific NW
    Last Seen
    05-07-15 @ 02:01 PM
    Gender
    Lean
    Very Conservative
    Posts
    39,883

    Re: Should the 2001/2003 GWB cuts be extended?

    Quote Originally Posted by Kandahar View Post
    Just about any fair-minded observation of history and economics would reach this conclusion. And the nonpartisan CBO also agrees, with a few caveats.

    This something-for-nothing mentality, that you can cut taxes AND have higher revenue, may be true under rare exceptions (such as unusually high tax rates)...but in general it has caused high deficits for 30 years.
    Tax cuts actually increase revenues........They did with JFK, Reagan and Bush and they stimulated the economy in all 3 cases...
    "God Bless Our Troops in Harms Way."

  10. #280
    Enemy Combatant
    Kandahar's Avatar
    Join Date
    Jul 2005
    Location
    Washington, DC
    Last Seen
    10-15-13 @ 08:47 PM
    Gender
    Lean
    Liberal
    Posts
    20,688

    Re: Should the 2001/2003 GWB cuts be extended?

    Quote Originally Posted by Navy Pride View Post
    Tax cuts actually increase revenues........They did with JFK, Reagan and Bush and they stimulated the economy in all 3 cases...
    Look at the graph I posted above. That's only true for the JFK tax cuts; it is NOT true of the Reagan or Bush tax cuts. And the top marginal tax rate when JFK was president was over 90%, which I think almost everyone agrees is too high.

    Tax cuts only result in higher revenue in extreme circumstances like that. Under normal circumstances, they decrease revenue.
    Are you coming to bed?
    I can't. This is important.
    What?
    Someone is WRONG on the internet! -XKCD

Page 28 of 33 FirstFirst ... 182627282930 ... LastLast

Posting Permissions

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