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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?
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?
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.
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?
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.
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.
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.
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.
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? .
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?
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?
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?
utter bullshit because it has failed in practice over and over again
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?
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.
your an idiot
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?
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.
Ah, you told him too soon!
your an idiot
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?