Obama Eyes $300 Billion Tax Cut

[Harry Dresden]

i will be waiting to see if Obama keeps his word to the old folkes about not paying income taxes if your retired and making less than 50 grand a year....they can use that help....

 

[KittenKoder]

i will be waiting to see if Obama keeps his word to the old folkes about not paying income taxes if your retired and making less than 50 grand a year....they can use that help....

Don't hold your breath, no president has ever kept all their vows.

 

[Chris]

Actually, Reagan's philosophy was sound, and it was probably the main reason the economy boomed as it did through the 90's. You have to remember though, that tax rates on the wealthy were ridiculously high before the Reagan tax cuts. The problem is whether we went too far with the tax cuts. Based on the evidence, that answer is most likely a yes.

Lies, all lies.

The economy boomed in the 90's because Clinton cut military spending and increased taxes on the wealthy, thus lowering the interest rate.

That combined with increases in productivity from new technologies did the trick.

Reagan was an idiot who along with Bush created 90% of the National Debt.

 

[Tech_Esq]

Lies, all lies.

The economy boomed in the 90's because Clinton cut military spending and increased taxes on the wealthy, thus lowering the interest rate.

That combined with increases in productivity from new technologies did the trick.

Reagan was an idiot who along with Bush created 90% of the National Debt.

You're another one. Yep, you're right if Reagan had only held steady on the 70% tax rate on the rich and the rest of Carter's policies, we'd have just been fine. It was probably only a matter of time until the prime rate came down for 21% and unemployment was out of double digits. After starting with inflation at 18%, Reagan left office with inflation under 5%.

Keep believing your fucked up propaganda. I don't blame you, you just weren't smart enough to do the primary research. You're only repeating what your Marxist teachers told you.

What they didn't remember though, is that there are those of us out here that lived it and remember it.