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Re: Dem vs Rep Tax Cut Plan in Graph form!
As I have posted sending more money to D.C. has never lowered the national debt so why do you believe it will happen now? Do you have a job or are you in school? If you have a job what do you do when you get to keep more of your money which tax cuts allow you to do? It is your money that creates jobs but apparently like Donc you seem to believe that rich people put their money under a mattress as does busineses. There are four components of GDP, do you know what they and the affect GDP has on govt. revenue? You seem to believe what you read in the media. I learned a long time ago to trust but verify. Try going to the U.S. Treasury site to learn about the budget process. Maybe there you can explain why there is a line item for Social Security since you and others seem to believe that SS is in a trust fund.
Lowering the taxes has little to do with the number of jobs. You could lower the taxes even more than they are now and it would have little effect on the number people working. The term 'job creation' is somewhat a misnomer because nobody hires simply because they have extra money and want give somebody a job. They hire them because they believe that by doing so, the money spent on salary/benefits will outweigh by the increased revenue they produce.
Raising taxes will have a significant positive effect on the debt as long as spending is curtailed. However, their always a bone of contention between what should be cut between the left and the right. Notice this liberal Democrat has a whooping $895 billion in Defense much of which could be called pork.
Taking apart the federal budget (washingtonpost.com)
As I have posted sending more money to D.C. has never lowered the national debt so why do you believe it will happen now? Do you have a job or are you in school? If you have a job what do you do when you get to keep more of your money which tax cuts allow you to do? It is your money that creates jobs but apparently like Donc you seem to believe that rich people put their money under a mattress as does busineses. There are four components of GDP, do you know what they and the affect GDP has on govt. revenue? You seem to believe what you read in the media. I learned a long time ago to trust but verify. Try going to the U.S. Treasury site to learn about the budget process. Maybe there you can explain why there is a line item for Social Security since you and others seem to believe that SS is in a trust fund.