tax cuts for wealthy dont stimulate the economy:study

[DiamondDave]

he used exsisting real data on all the states.

Tax cuts for the wealthy did not show a job creation trend.

b-l-o-g opinion

lying wont change that the study was conclusive

No.. it was a study... it was an opinion based on how they look at something.. there are studies and opinions that show exactly the opposite.. but you do not accept those because it goes against your preconceived agenda...

it is a BLOG OPINION

 

[JWBooth]

from 1950 to 1963 the top tax rate was over 90%.


remember when the US had the best schools in the world and the best infrastructure?

Oh yeah, white folks ran the whole show and the rest of the world was fucked up from years of war and still recovering.
Or did you forget that part?

Racist pendejita.

 

[DiamondDave]

from 1950 to 1963 the top tax rate was over 90%.


remember when the US had the best schools in the world and the best infrastructure?

Again... idiot bitch... look at what was considered income, what was deductible, etc... you talk and complain about deduction and loopholes NOW, just try and go back to that level of complexity and see how you yell

 

[Katzndogz]

from 1950 to 1963 the top tax rate was over 90%.


remember when the US had the best schools in the world and the best infrastructure?

Remember when the rest of the world was pretty much destroyed? If 1950 to 1963 is the model, then the fix is another world war to turn Europe into a bombed out cinder and Asia into a glowing pit.

 

[ba1614]

where in history has your plan worked as claimed?

If you're talking to me, my plan hasn't ever been tried.

Cut off every penny to every healthy useless person who won't work. If you have your health, get a job. Like judge Judy says, "if you can say "do you want fries with that", you can find a job".
No bailouts for anyone. personal or business.
No tax write offs of any kind to anyone. Everyone pays the same on ever dollar earned.
Quit financing baby factories
Make public sector union participation voluntary.
That's a start anyway.

Yup it would be hard, and very unpopular, but that's what it will take to realistically tackle this massive over spending problem we have. It's going to cost everyone something, and anyone who denies that is a liar.

 

[Lonestar_logic]

In our own near past these tax rates have proven to work like dems claim.

NEVER on the face of the earth have tax cuts worked as you fools claim

What claim was actually made and by who?

Include a link please.

 

[peach174]

want to balence the budget?


do what clinton did and we will have a bidget surplus AGAIN!

1) there WAS NO SURPLUS and there has not been one since 1957
2) You want to balance the budget, stop having ~47% not having a stake in the game and cut the fucking spending

fuck off you lying sack of shit.

there was a budget surplus and that is fact

Yes there was a budget surplus but Clinton borrowed in order to get it.
It did not pay down the National Debt.

Clinton ran deficits throughout all 8 years of his term, and one can go to the US Treasury Department and looking through the history of the total outstanding debt through Clinton's term.

Every year Clinton was in office, the total national debt continued to climb.

How Clinton managed to claim a surplus was that while the general operating budgets ran deficits but Clinton borrowed from numerous off budget funds to make the on budget fund a surplus.

For example, in 2000, Clinton claimed a $230B surplus, but Clinton borrowed
$152.3B from Social Security
$30.9B from Civil Service Retirement Fund
$18.5B from Federal Supplementary Medical insurance Trust Fund
$15.0B from Federal Hospital Insurance Trust Fund
$9.0B from the Federal Unemployment Trust Fund
$8.2B from Military Retirement Fund
$3.8B from Transportation Trust Funds
$1.8B from Employee Life Insurance & Retirement fund
$7.0B from others

Total borrowed from off budget funds $246.5B, meaning that his $230B surplus is actually a $16.5B deficit.
($246.5B borrowed - $230B claimed surplus = $16.5B actual deficit).

If there is ever a true surplus, then the national debt will go down.


the national debt did not go down one year during the Clinton administration.


The Myth of the Clinton Surplus

 

[Lonestar_logic]

1) there WAS NO SURPLUS and there has not been one since 1957
2) You want to balance the budget, stop having ~47% not having a stake in the game and cut the fucking spending

fuck off you lying sack of shit.

there was a budget surplus and that is fact

Yes there was a budget surplus but Clinton borrowed in order to get it.
It did not pay down the National Debt.

Clinton ran deficits throughout all 8 years of his term, and one can go to the US Treasury Department and looking through the history of the total outstanding debt through Clinton's term.

Every year Clinton was in office, the total national debt continued to climb.

How Clinton managed to claim a surplus was that while the general operating budgets ran deficits but Clinton borrowed from numerous off budget funds to make the on budget fund a surplus.

For example, in 2000, Clinton claimed a $230B surplus, but Clinton borrowed
$152.3B from Social Security
$30.9B from Civil Service Retirement Fund
$18.5B from Federal Supplementary Medical insurance Trust Fund
$15.0B from Federal Hospital Insurance Trust Fund
$9.0B from the Federal Unemployment Trust Fund
$8.2B from Military Retirement Fund
$3.8B from Transportation Trust Funds
$1.8B from Employee Life Insurance & Retirement fund
$7.0B from others

Total borrowed from off budget funds $246.5B, meaning that his $230B surplus is actually a $16.5B deficit.
($246.5B borrowed - $230B claimed surplus = $16.5B actual deficit).

If there is ever a true surplus, then the national debt will go down.


the national debt did not go down one year during the Clinton administration.


The Myth of the Clinton Surplus

I posted the same thing, but mine didn't include the the source. I was robbed!!!

 

[Luddly Neddite]

Adding to the inevitable result of taking from the middle class to give to the rich is that Mittens has said that 'middle income is between $200K and $250K a year'.

SHAZAM!

Just like that, the middle class has become the working poor.

 

[Truthmatters]

these people dont seem to understand what budget surplus means

 

[Lonestar_logic]

Adding to the inevitable result of taking from the middle class to give to the rich is that Mittens has said that 'middle income is between $200K and $250K a year'.

SHAZAM!

Just like that, the middle class has become the working poor.

Link?

 

[Soggy in NOLA]

Adding to the inevitable result of taking from the middle class to give to the rich is that Mittens has said that 'middle income is between $200K and $250K a year'.

SHAZAM!

Just like that, the middle class has become the working poor.

Please explain how a tax cut for a millionaire is taking from the middle class? And BTW... $200,000 in NYC or the bay area is middle class.

 

[Lovebears65]

Which tax cuts stimulate the economy? | Tax Break



“Almost all of the stimulative effect of tax cuts,” Zidar found, “results from tax cuts for the bottom 90 percent. A one percent of GDP tax cut for the bottom 90 percent results in 2.7 percentage points of GDP growth over a two-year period. The corresponding estimate for the top 10 percent is 0.13 percentage points and is insignificant statistically.”

This is TM when she talks. Blah blah blah blah. Obama is the best , so good I live in his ass , blah , blah , blah.. I got to get back up Obamas ass.. blah blah blah..

 

[Truthmatters]

1) there WAS NO SURPLUS and there has not been one since 1957
2) You want to balance the budget, stop having ~47% not having a stake in the game and cut the fucking spending

fuck off you lying sack of shit.

there was a budget surplus and that is fact

Yes there was a budget surplus but Clinton borrowed in order to get it.
It did not pay down the National Debt.

Clinton ran deficits throughout all 8 years of his term, and one can go to the US Treasury Department and looking through the history of the total outstanding debt through Clinton's term.

Every year Clinton was in office, the total national debt continued to climb.

How Clinton managed to claim a surplus was that while the general operating budgets ran deficits but Clinton borrowed from numerous off budget funds to make the on budget fund a surplus.

For example, in 2000, Clinton claimed a $230B surplus, but Clinton borrowed
$152.3B from Social Security
$30.9B from Civil Service Retirement Fund
$18.5B from Federal Supplementary Medical insurance Trust Fund
$15.0B from Federal Hospital Insurance Trust Fund
$9.0B from the Federal Unemployment Trust Fund
$8.2B from Military Retirement Fund
$3.8B from Transportation Trust Funds
$1.8B from Employee Life Insurance & Retirement fund
$7.0B from others

Total borrowed from off budget funds $246.5B, meaning that his $230B surplus is actually a $16.5B deficit.
($246.5B borrowed - $230B claimed surplus = $16.5B actual deficit).

If there is ever a true surplus, then the national debt will go down.


the national debt did not go down one year during the Clinton administration.


The Myth of the Clinton Surplus

About Me & This Website


a biased site you idiot

 

[LordBrownTrout]

Which tax cuts stimulate the economy? | Tax Break



“Almost all of the stimulative effect of tax cuts,” Zidar found, “results from tax cuts for the bottom 90 percent. A one percent of GDP tax cut for the bottom 90 percent results in 2.7 percentage points of GDP growth over a two-year period. The corresponding estimate for the top 10 percent is 0.13 percentage points and is insignificant statistically.”

Why do you hate America?

 

[Lonestar_logic]

these people dont seem to understand what budget surplus means

No you don't understand what it means.

When you spend more than you take in year after year then borrow money to appear as if you haven't...... it's NOT a surplus!!


Are you going to stay stuck on stupid your entire life?

 

[TakeAStepBack]

these people dont seem to understand what budget surplus means

If you borrow money to get a budget surplus while adding over 200 billion to the debt, what did you accomplish exactly?

That's like me paying my bills with a credit card and sying I have a surplus in my checking/savings because of it.

It's financial retardation is what it is.

 

[Truthmatters]

lying about it wont change the facts

 

[Katzndogz]

these people dont seem to understand what budget surplus means

No you don't understand what it means.

When you spend more than you take in year after year then borrow money to appear as if you haven't...... it's NOT a surplus!!


Are you going to stay stuck on stupid your entire life?

It's the same kind of mentality that says "I can't be broke, I still have checks". You aren't broke if you can still get another credit card.

 

[JWBooth]

these people dont seem to understand what budget surplus means

First, it means that taxes and rates of borrowing are too high as income exceeds spending and second (in post WW2 terms), it means that the government has engaged in fuzzy math and creative accounting.
Dissembling pendejita.