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

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

  1. #21
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    Re: Should the 2001/2003 GWB cuts be extended?

    Allow the Bush tax cuts to expire.

    Pass new, targeted tax cuts to spur the economic recovery.
    “Real environmentalists live in cities, and they visit what's left of the wilderness as gently and respectfully as possible.” — Donna Moulton, letter to the editor, Tucson Weekly, published on August 23, 2001

  2. #22
    It's Just Boris.
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    Re: Should the 2001/2003 GWB cuts be extended?

    Quote Originally Posted by Chappy View Post
    Allow the Bush tax cuts to expire.

    Pass new, targeted tax cuts to spur the economic recovery.
    Lower corporate taxes, eliminate the Capital Gains tax, and get rid of that frigging death tax!


    11/8/16: A day of great relief for America

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

    Yes, of course, the budget deficit exists.

  4. #24
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    Re: Should the 2001/2003 GWB cuts be extended?

    Quote Originally Posted by disneydude View Post
    It just shows how little you know about the Bush tax cuts. They weren't for everybody...they overwhelmingly rewarded those making in excess of 200k a year.
    Yes, they were fair tax cuts.

    No point in cutting the tax on someone who isn't paying tax, is there?

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

    Quote Originally Posted by nerv14 View Post
    In the long term, we really can't afford to make them permanent.
    Oh, hell, in the long run, we're all going to die. May as well party, right?

    Especially if you can steal the money from someone else to pay for it.

    Quote Originally Posted by nerv14 View Post
    Regardless of your idea spending of the US government, that isn't going to come true, so they need this revenue. Anyway, even if there was large spending cuts, reducing the debt is helpful for a country, at least when the economy is going well.
    Wrong.

    Reducing the debt to zero is ESSENTIAL for the long term health of the nation.

    That means we have to cut taxes to spur growth (we're on the wrong side of the Laffer Curve), and we have to cut spending.

  6. #26
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    Re: Should the 2001/2003 GWB cuts be extended?

    Quote Originally Posted by Scarecrow Akhbar View Post
    Oh, hell, in the long run, we're all going to die. May as well party, right?

    Especially if you can steal the money from someone else to pay for it.



    Wrong.

    Reducing the debt to zero is ESSENTIAL for the long term health of the nation.

    That means we have to cut taxes to spur growth (we're on the wrong side of the Laffer Curve), and we have to cut spending.
    I can agree that we need to cut spending, but if you want to eliminate debt it is insane to say that cutting taxes is the way to do that.

    It is not true in any way that cutting taxes while it is around the 40% level would decrease the debt to GDP ratio.

    If that was true, then we would just cut taxes and increase spending with the added tax revenue.

    If you can find any economist today that agrees that cutting taxes to get defecits will get rid of our debt, then I would like to see that.

  7. #27
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    Re: Should the 2001/2003 GWB cuts be extended?

    Quote Originally Posted by nerv14 View Post
    I can agree that we need to cut spending, but if you want to eliminate debt it is insane to say that cutting taxes is the way to do that.
    Of course.

    I mean, history merely shows that when Kennedy AND Reagan AND Bush cut taxes, the federal revenues went up.

    Gee, when we're trying to cut the gap between what's coming and what's going out, we clearly don't want MORE of what's coming in, right?

    That's what you're saying, isn't it?

    Quote Originally Posted by nerv14 View Post
    It is not true in any way that cutting taxes while it is around the 40% level would decrease the debt to GDP ratio.
    Except in the way that historically it's true.

    But outside of that, it's clearly not true.

    Quote Originally Posted by nerv14 View Post
    If that was true, then we would just cut taxes and increase spending with the added tax revenue.
    You should try to divorce yourself from conjoining siblings that are five years apart in age, really, it's not a good idea.

    Historically, under Reagan and Bush, and all the other Congresses since LBJ, that spending has gone up.

    That's a fact that's totally independent of federal receipts.

    So what we need is to tar and feather Congressmen or otherwise discourage them from running for office again, usually no re-electing them is the best way, to keep them from spending our money.

    But that's still indpendent of federal receipts.

    Quote Originally Posted by nerv14 View Post
    If you can find any economist today that agrees that cutting taxes to get defecits will get rid of our debt, then I would like to see that.
    To get defecits to what?

    Cutting taxes increases revenue. Lots of economists, and they're members of the Cult of Being Correct, not only know this, but say it.

    Since deficits are a spending issue, and only a spending issue, pretending the spending problem will be solved by raising taxes is just ignorant.

  8. #28
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    Re: Should the 2001/2003 GWB cuts be extended?

    Quote Originally Posted by Goobieman View Post
    Why should they be extended for those making under $250K?
    From the government's perspective, there's just not much revenue to be raised from those people anyway. And from the taxpayer's perspective, that may be money that they genuinely need. It seems like extending those tax cuts would provide a lot of benefit for relatively little cost.
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  9. #29
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    Re: Should the 2001/2003 GWB cuts be extended?

    Quote Originally Posted by Dav View Post
    Class warfare FTW

    Argument fail. Normally you're smarter than this.
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  10. #30
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    Re: Should the 2001/2003 GWB cuts be extended?

    Quote Originally Posted by Kandahar View Post
    From the government's perspective, there's just not much revenue to be raised from those people anyway. And from the taxpayer's perspective, that may be money that they genuinely need. It seems like extending those tax cuts would provide a lot of benefit for relatively little cost.
    And some if not all that money will come back by the way excise taxes, sales taxes, and various other fees.

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