View Poll Results: What Should the Government Focus On, Raising Revenue or Tax Rates?

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  • Revenues

    25 89.29%
  • Tax Rate

    3 10.71%
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Thread: Is Raising Revenue More Important Than Raising Tax Rates?

  1. #21
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    Re: Is Raising Revenue More Important Than Raising Tax Rates?

    Quote Originally Posted by Harry Guerrilla View Post
    We need a budget that flexes with revenue, so we don't have to constantly fight over this issue.
    Of course that would also mean, no more additional tax funded programs.
    Perhaps a budget that has percentages instead of fixed dollar amounts? It would require that individual agencies have more decision power over what to do with the money and how many people to hire or fire (and stuff like that) but perhaps it could work.

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    Re: Is Raising Revenue More Important Than Raising Tax Rates?

    Quote Originally Posted by megaprogman View Post
    Perhaps a budget that has percentages instead of fixed dollar amounts? It would require that individual agencies have more decision power over what to do with the money and how many people to hire or fire (and stuff like that) but perhaps it could work.
    Agency funding based on percentages would definitely be better.
    I'd definitely prefer a predictable yearly tax rate and my goodness does it need to be simplified.
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    Re: Is Raising Revenue More Important Than Raising Tax Rates?

    Quote Originally Posted by Harry Guerrilla View Post
    Agency funding based on percentages would definitely be better.
    I'd definitely prefer a predictable yearly tax rate and my goodness does it need to be simplified.
    A tax rate too low to fund a social safety net is dangerous business.

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    Re: Is Raising Revenue More Important Than Raising Tax Rates?

    Quote Originally Posted by Harry Guerrilla View Post
    Even then though, there is no truly predictable amount of revenue that taxes will generate, because new taxes can cause changes in behavior.
    It's one of the unseen effects.

    On the flip side, cutting budgets is pretty straight forward.
    Although, it to can cause changes in behavior, but not as broad.

    We need a budget that flexes with revenue, so we don't have to constantly fight over this issue.
    Of course that would also mean, no more additional tax funded programs.
    Yes, absolutely to an extent, though I would change the last to "no new programs without paying for them by reductions elsewhere".

    A good example of what you are talking about is lowering capital gains taxes, which create a short term bump to revenue as people cash in capital gains type assets, but evens out at lower revenue.
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    Re: Is Raising Revenue More Important Than Raising Tax Rates?

    Quote Originally Posted by megaprogman View Post
    A tax rate too low to fund a social safety net is dangerous business.
    A tax structure to fund a safety net is fine, as long as it isn't a life style net.
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    Re: Is Raising Revenue More Important Than Raising Tax Rates?

    Quote Originally Posted by megaprogman View Post
    Perhaps a budget that has percentages instead of fixed dollar amounts? It would require that individual agencies have more decision power over what to do with the money and how many people to hire or fire (and stuff like that) but perhaps it could work.
    Quote Originally Posted by Harry Guerrilla View Post
    Agency funding based on percentages would definitely be better.
    I'd definitely prefer a predictable yearly tax rate and my goodness does it need to be simplified.
    I don't think the percentage idea would work. It would make it impossible for the agencies to predict with any kind of accuracy future funding levels which would make them inherently inefficient.
    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

    Quote Originally Posted by Fiddytree View Post
    Uh oh Megyn...your vagina witchcraft is about ready to be exposed.

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    Re: Is Raising Revenue More Important Than Raising Tax Rates?


    So you can count George W. Bush among those simple minded folk who think cutting tax rates always pays for itself.

    But not a few people in his own administration knew far better than he.


    Not even the guiding light of the lower tax movement thinks tax cuts always pay for themselves.


    The Laffer Curve indicates that at a certain point raising the tax rate so diminishes the economic incentive to earn more that economic activity actually declines and becomes detrimental to overall revenue; but all indications are that we are no where near that point. No where near.

    So I think the most important thing when running these record deficits is to establish a gradual plan to raise tax rates by among other things implementing higher tax brackets for people reaping extraordinarily high incomes.

    Excerpted from “Tax Cuts Don't Boost Revenues” By Justin Fox, TIME, Thursday, Dec. 06, 2007
    If there's one thing that Republican politicians agree on, it's that slashing taxes brings the government more money. …

    If there's one thing that economists agree on, it's that these claims are false. We're not talking just ivory-tower lefties. Virtually every economics Ph.D. who has worked in a prominent role in the Bush Administration acknowledges that the tax cuts enacted during the past six years have not paid for themselves--and were never intended to. Harvard professor Greg Mankiw, chairman of Bush's Council of Economic Advisers from 2003 to 2005, even devotes a section of his best-selling economics textbook to debunking the claim that tax cuts increase revenues.

    The yawning chasm between Republican rhetoric on taxes and even informed conservative opinion is maddening to those of wonkish bent. Pointing it out has become an opinion-column staple. But none of these screeds seem to have altered the political debate. …
    See also: Tax Cuts: Myths and Realities — Center on Budget and Policy Priorities
    See also: The 9 Biggest Conservative Lies About Taxes and Public Spending | Economy | AlterNet
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    Re: Is Raising Revenue More Important Than Raising Tax Rates?

    Quote Originally Posted by Redress View Post
    Yes, absolutely to an extent, though I would change the last to "no new programs without paying for them by reductions elsewhere".

    A good example of what you are talking about is lowering capital gains taxes, which create a short term bump to revenue as people cash in capital gains type assets, but evens out at lower revenue.
    That's true to.

    In a perfect world, I'd prefer a 0 corp tax rate and cap gains be moved to personal income taxes.
    Because the corp tax rate is just representative of double taxation.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

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    Re: Is Raising Revenue More Important Than Raising Tax Rates?

    Quote Originally Posted by Redress View Post
    I don't think the percentage idea would work. It would make it impossible for the agencies to predict with any kind of accuracy future funding levels which would make them inherently inefficient.
    Not necessarily.

    If they low balled their budget based on the best possible prediction measures, it could encourage greater efficiency.
    Then any surplus of funds could be used to cover any soft spots in funding.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

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    Re: Is Raising Revenue More Important Than Raising Tax Rates?

    Quote Originally Posted by Harry Guerrilla View Post
    Not necessarily.

    If they low balled their budget based on the best possible prediction measures, it could encourage greater efficiency.
    Then any surplus of funds could be used to cover any soft spots in funding.
    Efficiency can only take you so far though.
    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

    Quote Originally Posted by Fiddytree View Post
    Uh oh Megyn...your vagina witchcraft is about ready to be exposed.

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