More not less taxes needed for economic recovery.

Discussion in 'Economy' started by LilOlLady, May 26, 2012.

  1. LilOlLady
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    LilOlLady Gold Member

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    MORE NOT LESS TAXES NEEDED FOR ECONOMIC RECOVERY.

    What got us in this mess was Bush’s tax cut for the rich and spending money we did not have. If Obama had let the tax breaks expire like Bush had intended it we would be in economic recovery. Taxes create revenue that federal and state Government need to run the system. Taxes create revenue that create jobs. Government spending is the only way the economy will recover but it has to have revenue to do that and revenue is taxes. We need to raise taxes all around. State, local, federal, income, payroll and sales taxes and any other way we can taxs. It has been proven that cutting taxes do not create jobs and jobs create revenue that pay down the deficit. When taxes are cut, Government spending is cut and Government programs are cut, cutting programs result in unemployment ( paid with money we don’t have) thus cutting revenue. And it results in more spending. Taxes pay down the deficit and create a surplus and prevent federal and state law offs. The reason unemployment is at 8.1% or higher is because of tax cuts. Use your God given brains and figure it out. Taxes create revenue, revenue pay the bills and prevent unemployment and prevent spending money we don’t have thus creating a deficit. You have to spend money in order to make money. Even if you are gambling you have to spend money. Every business venture Romney started, he had to have money to start it.
    Radical Reich Wing Extremist should know that by now.

    Worst economic mistake Obama made was extending the tax cuts.Working consumers create jobs when the pay taxes. Small busineses cannot create jobs without consumers even if they paid NO taxes at all. ONLY Federal Government can afford to stimulate the economy and best by infrastructure work. Cutting government programs cut workers and cuts revenue.
    Feingold is right; it's past time to let these tax cuts expire.

    If you don't like paying taxes . . .

    If you don't like paying taxes . . .

    All of these services are jobs and when taxes are cut it creates lay offs of people who provide these services and loss of consumers’ spending, thus loss of revenue.
     
    Last edited: May 26, 2012
  2. LilOlLady
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    LilOlLady Gold Member

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    No evidence that if you give people more money they will spend more. 12 years of tax breaks and government programs cuts has resulted in a failing economy and deficit.

    Reagan did not just cut taxes, either — he signed eight tax increases, and between Reagan and Bush 41, payroll taxes quadrupled.
    http://www.laprogressive.com/raising-taxes-is-good-for-the-economy/
     
    Last edited: May 26, 2012
  3. chikenwing
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    chikenwing Guest

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    You have to spend money in order to make money. Even if you are gambling you have to spend money. Every business venture Romney started, he had to have money to start it.
    Radical Reich Wing Extremist should know that by now.

    So taking said money from individuals will help them fast track to prosperity??

    crazy people with crazy ideas
     
  4. alan1
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    alan1 USMB Mod Staff Member Supporting Member

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    The Bush tax cuts were cuts for all tax brackets, not just the rich.
    The premise is flawed (and false) in the first sentence.
    When you start a thesis with a false and flawed initial statement, it pretty much negates the rest of your argument.
     
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  5. Katzndogz
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    Katzndogz Diamond Member

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    More taxes does not mean higher taxes. Cut taxes, money becomes more fluid, than tax revenues rise.
     
  6. Rozman
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    Rozman Gold Member Supporting Member

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    Government can't spend the money they have now wisely...
    And you guys want to give them more.....
    Unbelievable... :mad:
     
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  7. Rozman
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    Rozman Gold Member Supporting Member

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    What Democrats want higher taxes.....
    Wait...
    That sounds about right...Democrats always want higher taxes.
     
  8. Oddball
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    Oddball BANNED Supporting Member

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    For the lolberals, "tax cuts" and "for the wealthy" go together like peas-n-carrots. ;)
     
  9. alan1
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    alan1 USMB Mod Staff Member Supporting Member

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    Liberals think that the government knows better how to spend your money than you do. :cuckoo:
     
  10. Rozman
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    Rozman Gold Member Supporting Member

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    They also act like it's the government's money first.
    Then they decide how much we should be "allowed" to have,
     

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