democrats, do you agree or disagree

Discussion in 'Politics' started by Unkotare, Jul 15, 2012.

  1. Unkotare
    Offline

    Unkotare Diamond Member

    Joined:
    Aug 16, 2011
    Messages:
    61,540
    Thanks Received:
    4,887
    Trophy Points:
    1,815
    Ratings:
    +11,894
    with this statement:



    "the soundest way to raise the revenues in the long run is to cut the (tax) rates now."



    Why or why not?
     
  2. auditor0007
    Offline

    auditor0007 Gold Member

    Joined:
    Oct 19, 2008
    Messages:
    12,566
    Thanks Received:
    2,255
    Trophy Points:
    255
    Location:
    Toledo, OH
    Ratings:
    +3,218
    Absolutely not! We did that and the result has been reduced revenues. Yes, if you cut taxes and get a booming economy, revenues will increase, but only by a little. Then when you get a downturn in the economy, the loss in revenue becomes drastic as we have seen. In 2000 at the old rates and a good economy, revenues exceeded $2 trillion with GDP at just under $10 trillion. Today, with those lower tax rates, revenues have been barely over $2 trillion with GDP of nearly $15 trillion. In other words, we increased GDP by 50% and revenues stayed the same.

    You can argue until you are blue in the face about how reducing tax rates increases revenue, but you cannot dispute facts, and the facts do not support your argument.
     
  3. Charles_Main
    Offline

    Charles_Main AR15 Owner

    Joined:
    Jun 23, 2008
    Messages:
    16,692
    Thanks Received:
    2,238
    Trophy Points:
    88
    Location:
    Michigan, USA
    Ratings:
    +2,251

    You are aware the statement you do not agree with was from JFK right.

    and you don't even know what Facts are. The Facts are clear. No matter how many times you guys try to spin them.
     
  4. Unkotare
    Offline

    Unkotare Diamond Member

    Joined:
    Aug 16, 2011
    Messages:
    61,540
    Thanks Received:
    4,887
    Trophy Points:
    1,815
    Ratings:
    +11,894
    Ah, you told him too soon!
     
  5. auditor0007
    Offline

    auditor0007 Gold Member

    Joined:
    Oct 19, 2008
    Messages:
    12,566
    Thanks Received:
    2,255
    Trophy Points:
    255
    Location:
    Toledo, OH
    Ratings:
    +3,218
    Yea, that JFK thingy, that's a troubling thing isn't it? You do realize when JFK pushed for lower tax rates that the highest tax rate was 91%, right? Today the highest rate is 35%. According to many of you, we should be able to increase revenues by cutting tax rates to zero. That does seem to be your argument that every time we cut taxes, it increases revenues. The problem is that with a rate of zero percent, the return is zero dollars. At some point your little formula of cutting taxes to raise revenue stops working. Once you go back to school and take a few advanced math classes, maybe you'll figure that one out.
     
    • Thank You! Thank You! x 1
  6. Charles_Main
    Offline

    Charles_Main AR15 Owner

    Joined:
    Jun 23, 2008
    Messages:
    16,692
    Thanks Received:
    2,238
    Trophy Points:
    88
    Location:
    Michigan, USA
    Ratings:
    +2,251
    You do realize that there were many more Deductions and Loop holes then and NOBODY was actually paying 91% right. The Effective real Tax Rate then for the Top after all Deductions and Loop holes was more like 40%.

    Your Intellectual Dishonesty on this subject betrays you as a Partisan Hack.
     
  7. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    utter bullshit because it has failed in practice over and over again
     
  8. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    Laffer himself said that plan only works under certain conditions.


    the right pretends it works EVERY time.


    that is just more republican lies
     
  9. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    Kennedy was talking about the early sixties economy.

    NOT EVERY situation like you idiots claim
     
  10. Sarah G
    Offline

    Sarah G When Nothing Goes Right, Go Left Supporting Member

    Joined:
    Mar 4, 2009
    Messages:
    47,660
    Thanks Received:
    11,827
    Trophy Points:
    2,070
    Location:
    NW Ohio
    Ratings:
    +24,002
    Nope, the soundest way is through job creation now. I wouldn't be opposed to tax cuts within certain guidelines for the middle class only but the focus needs to be on job creation.
     

Share This Page