Tax Cut Resulted In Largest Rise in U.S. Incomes Since 2008

Discussion in 'Economy' started by Dont Taz Me Bro, Feb 28, 2011.

  1. Dont Taz Me Bro
    Offline

    Dont Taz Me Bro USMB Mod Staff Member Gold Supporting Member Supporting Member

    Joined:
    Nov 17, 2009
    Messages:
    31,625
    Thanks Received:
    6,684
    Trophy Points:
    1,170
    Location:
    Las Vegas, Nevada
    Ratings:
    +17,515
    We see yet again that reducing the overall tax burden on the American people helps lift Americans up and increase their standard of living. To play devil's advocate, however, what of the long term affect of the added debt since government spending continues to increase? Will it have been worth it in the end?
     
    • Thank You! Thank You! x 1
  2. rightwinger
    Online

    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

    Joined:
    Aug 4, 2009
    Messages:
    120,378
    Thanks Received:
    19,846
    Trophy Points:
    2,190
    Location:
    NJ & MD
    Ratings:
    +45,413
    2008?

    You mean since the Bush Recession started?
     
  3. skeptic
    Offline

    skeptic BANNED

    Joined:
    Feb 22, 2011
    Messages:
    417
    Thanks Received:
    23
    Trophy Points:
    0
    Ratings:
    +23
    personal income did not rise because of the tax cuts, after tax personal incomes did however. There was no magic renewal of our economy.

    This is a superficial benefit. Esp since the tax cuts have to be financed with new debt.

    We could eliminate taxes entirely and finance the entire state with $3.5 trillion in new debt each year. Would that increase American's standard of living? For how long?
     

Share This Page