Tax cuts

[bigrebnc1775]

MYTHS
Tax Cuts: Myths and Realities — Center on Budget and Policy Priorities

debunk all of them guys.

Maybe you should know a little history on your source
From your link
Video: Honoring Richard W. Boone — Center on Budget and Policy Priorities
Social justice? Is a liberal code word. So your attempt to present a nyth just got debunk junior.
Oh and they mention Sal Alinsky.
You do know who he is don't you?

OH and from that source I see the tides foundation mention
Tides Foundation | Tides

Calling on Iowa where did you go?

Tic toc tic toc

Still waiting

 

[shintao]

George Bush authored the largest tax cuts since the Robber Barron days and he presided over the lowest job growth in modern presidential history. There is no evidence for the connection between tax cuts and job growth. The only thing that fuels job growth is demand, and that isn't stimulated by giving tax breaks to the Hedge fund crowd. America has been hemorrhaging jobs since 1973. The only people who don't know this live inside a hermetically sealed right wing bubble -- a bubble where Osama is Saddam and Jesus road a dinosaur.

The American voter is so gullible. Didn't anyone notice Reagan's sleight of hand? In 1980 he said that if we stopped investing in the middle class and let more wealth concentrate on top, than jobs and benefits would trickle down. The opposite happened. While he was strategically distracting us with hysteria over the Evil Empire, jobs trickled to Asia and India ... and middle class benefits got slashed in favor of higher profits. In the 70s Americans went to bed with high wages, medical and retirement benefits, cheap education, affordable housing, and a low cost of living . . . and they woke up in a sea of no-benefit temp jobs, unaffordable education, and price-fixed monopolies in health insurance and energy. Of course, they were handed credit cards so they could send high interest payments upward as they traveled into bankruptcy and foreclosure. Apparently, the postwar years -- when New Deal progressivism was at its peak and America enjoyed its greatest economic growth -- was a socialist nightmare. I called my dad last night to tell him that the massive house, long vacations, stay at home mom, and incredible living standards of my youth was all a hoax: it didn't really exist. It was an FDR plot. Indeed, I told him the government who defeated the Nazis & put a man on the moon and sent his father to college couldn't run a laundromat.

AND NOW . . . the very crooks George and Barry bailed out, the very people who have enjoyed truly outsized benefits over the last 30 years - you know who I'm talking about, the derivative and hedge fund ponzi kings, the people whose pets have better health care than poor wage workers . . .these people are getting a 7 trillion dollar loaner from our grand children. As if giving a billionaire a little more money is going to make him finally rush down to the mall and buy some sneakers.

(point is, that money will never reach the real economy. It will just get pumped into Washington and the media so they can keep the heist going)

The only way to stimulate demand is to put money in the hands of the middle class -- the very people whose consumption drove the economy for the last 70 years. Americans just voted for people who are going to end Social Security and Medicare, that is, they just voted to get rid of the last vestiges of the middle class.

America got punk'd by a "B" rate actor and Slick BJ perv from Arkansas. One more terrorist attack, and the Republicans will be able to complete their transformation. We will become a 3rd world nation with a small group of wealthy people barricaded in self-sufficient, hyper secure compounds of luxury. Welcome to Dubai - Neoliberal Utopia.

You people don't know what you are voting for.

George Bush authored the largest tax cuts since the Robber Barron days and he presided over the lowest job growth in modern presidential history.

Are you forgetting about the no jobs growth of now obama holds that record then would come jimmy carter. But for the rest of your post it's all a lie.

OK, Prove it......................LOL

You are saying there is "evidence for the connection between tax cuts and job growth."

 

[bigrebnc1775]

MYTHS
Tax Cuts: Myths and Realities — Center on Budget and Policy Priorities

debunk all of them guys.

George Bush authored the largest tax cuts since the Robber Barron days and he presided over the lowest job growth in modern presidential history. There is no evidence for the connection between tax cuts and job growth. The only thing that fuels job growth is demand, and that isn't stimulated by giving tax breaks to the Hedge fund crowd. America has been hemorrhaging jobs since 1973. The only people who don't know this live inside a hermetically sealed right wing bubble -- a bubble where Osama is Saddam and Jesus road a dinosaur.

The American voter is so gullible. Didn't anyone notice Reagan's sleight of hand? In 1980 he said that if we stopped investing in the middle class and let more wealth concentrate on top, than jobs and benefits would trickle down. The opposite happened. While he was strategically distracting us with hysteria over the Evil Empire, jobs trickled to Asia and India ... and middle class benefits got slashed in favor of higher profits. In the 70s Americans went to bed with high wages, medical and retirement benefits, cheap education, affordable housing, and a low cost of living . . . and they woke up in a sea of no-benefit temp jobs, unaffordable education, and price-fixed monopolies in health insurance and energy. Of course, they were handed credit cards so they could send high interest payments upward as they traveled into bankruptcy and foreclosure. Apparently, the postwar years -- when New Deal progressivism was at its peak and America enjoyed its greatest economic growth -- was a socialist nightmare. I called my dad last night to tell him that the massive house, long vacations, stay at home mom, and incredible living standards of my youth was all a hoax: it didn't really exist. It was an FDR plot. Indeed, I told him the government who defeated the Nazis & put a man on the moon and sent his father to college couldn't run a laundromat.

AND NOW . . . the very crooks George and Barry bailed out, the very people who have enjoyed truly outsized benefits over the last 30 years - you know who I'm talking about, the derivative and hedge fund ponzi kings, the people whose pets have better health care than poor wage workers . . .these people are getting a 7 trillion dollar loaner from our grand children. As if giving a billionaire a little more money is going to make him finally rush down to the mall and buy some sneakers.

(point is, that money will never reach the real economy. It will just get pumped into Washington and the media so they can keep the heist going)

The only way to stimulate demand is to put money in the hands of the middle class -- the very people whose consumption drove the economy for the last 70 years. Americans just voted for people who are going to end Social Security and Medicare, that is, they just voted to get rid of the last vestiges of the middle class.

America got punk'd by a "B" rate actor and Slick BJ perv from Arkansas. One more terrorist attack, and the Republicans will be able to complete their transformation. We will become a 3rd world nation with a small group of wealthy people barricaded in self-sufficient, hyper secure compounds of luxury. Welcome to Dubai - Neoliberal Utopia.

You people don't know what you are voting for.

George Bush authored the largest tax cuts since the Robber Barron days and he presided over the lowest job growth in modern presidential history.

Are you forgetting about the no jobs growth of now obama holds that record then would come jimmy carter. But for the rest of your post it's all a lie.

OK, Prove it......................LOL

You are saying there is "evidence for the connection between tax cuts and job growth."

25 year high record of unemployed and underemployed people? Are you that forgetfull?

60 Minutes Shock Report: National Unemployed and Underemployed 17.5%; California 22% - Big Government

 

[Iowa10000]

R U STUPID enough BIGREDNUTFROMNC to think that what is happening now wasn't created under GWB JR and the republican beliefs of give more to the rich and it will trickle down.
The rich is the only group since Bush was elected in 2000 that has improved themselves while the rest of the population has went stagnate to back wards.
The rich of this nation turned their backs on the middle class of this country and sent jobs overseas for one reason, to increase profits and now the middle class manufacturing ability is all but non-existent.

 

[shintao]

MYTHS
Tax Cuts: Myths and Realities — Center on Budget and Policy Priorities

debunk all of them guys.

Are you forgetting about the no jobs growth of now obama holds that record then would come jimmy carter. But for the rest of your post it's all a lie.

OK, Prove it......................LOL

You are saying there is "evidence for the connection between tax cuts and job growth."

25 year high record of unemployed and underemployed people? Are you that forgetfull?

60 Minutes Shock Report: National Unemployed and Underemployed 17.5%; California 22% - Big Government

Sorry dude, that shows no connection between tax cuts and job growth. [It is like trying to say their is a connection between minimum wage rate and people being laid off.] No correlation there, and too many variables to count.

What I can't understand, is why these educated grad 99ers, don't get 20 in their group and start a business. If you sit on your ass and do nothing, expect nothing.

 

[shintao]

R U STUPID enough BIGREDNUTFROMNC to think that what is happening now wasn't created under GWB JR and the republican beliefs of give more to the rich and it will trickle down.
The rich is the only group since Bush was elected in 2000 that has improved themselves while the rest of the population has went stagnate to back wards.
The rich of this nation turned their backs on the middle class of this country and sent jobs overseas for one reason, to increase profits and now the middle class manufacturing ability is all but non-existent.

I don't disagree with your point, but it is a big mistake to let Obama off the hook here when it came to doling out the stimulus. jus be honest and logical.

 

[Iowa10000]

all i can say is its been a while now, so where are the jobs Bainer?

 

[Flopper]

MYTHS
Tax Cuts: Myths and Realities — Center on Budget and Policy Priorities

debunk all of them guys.

OK, Prove it......................LOL

You are saying there is "evidence for the connection between tax cuts and job growth."

25 year high record of unemployed and underemployed people? Are you that forgetfull?

60 Minutes Shock Report: National Unemployed and Underemployed 17.5%; California 22% - Big Government

Sorry dude, that shows no connection between tax cuts and job growth. [It is like trying to say their is a connection between minimum wage rate and people being laid off.] No correlation there, and too many variables to count.

What I can't understand, is why these educated grad 99ers, don't get 20 in their group and start a business. If you sit on your ass and do nothing, expect nothing.

Although across the board tax cuts may create jobs by increasing demand, I think it's very unlikely that tax cuts for the wealthy will accomplish this. Today, tax cuts for the wealthy are most likely to stimulate investment abroad and investment in treasuries that does nothing to improve the employment picture.

 

[bigrebnc1775]

MYTHS
Tax Cuts: Myths and Realities — Center on Budget and Policy Priorities

debunk all of them guys.

OK, Prove it......................LOL

You are saying there is "evidence for the connection between tax cuts and job growth."

25 year high record of unemployed and underemployed people? Are you that forgetfull?

60 Minutes Shock Report: National Unemployed and Underemployed 17.5%; California 22% - Big Government

Sorry dude, that shows no connection between tax cuts and job growth. [It is like trying to say their is a connection between minimum wage rate and people being laid off.] No correlation there, and too many variables to count.

What I can't understand, is why these educated grad 99ers, don't get 20 in their group and start a business. If you sit on your ass and do nothing, expect nothing.

You need a does of reality. Higher taxes you have higher unemployment.
IV. Inside Europe

Higher taxes and dismissal costs may help explain differences in job creation between high-performing non-European countries like the United States and Australia and most of Continental Europe, but the wide variations within Europe remain unexplained. For insights into Europe, the study looked at differences among 11 European Union countries over 1983–97. It examined the composition of job creation by type of contract (part-time versus full-time, and temporary versus permanent), the broad economic sectors in which jobs were created, and the age and gender of the newly hired. It also looked at interactions among these factors, such as the extent to which full-time jobs were filled by young men. The most striking finding is that the best European performer, the Netherlands, has had about half of its job creation since the mid-1980s in part-time jobs taken by women aged 25–49, typically in the service sector.

Conclusion

Some of the main findings from this research are:

A policy package consisting of low worker dismissal costs and low taxation may have an important role in producing rapid job creation and appears to account almost entirely for the difference between Continental Europe and the high-performing non-European countries.

Economic Issues No. 20 -- Job Creation: Why Some Countries Do Better

 

[bigrebnc1775]

25 year high record of unemployed and underemployed people? Are you that forgetfull?

60 Minutes Shock Report: National Unemployed and Underemployed 17.5%; California 22% - Big Government

Sorry dude, that shows no connection between tax cuts and job growth. [It is like trying to say their is a connection between minimum wage rate and people being laid off.] No correlation there, and too many variables to count.

What I can't understand, is why these educated grad 99ers, don't get 20 in their group and start a business. If you sit on your ass and do nothing, expect nothing.

You need a does of reality. Higher taxes you have higher unemployment.
IV. Inside Europe

Higher taxes and dismissal costs may help explain differences in job creation between high-performing non-European countries like the United States and Australia and most of Continental Europe, but the wide variations within Europe remain unexplained. For insights into Europe, the study looked at differences among 11 European Union countries over 1983–97. It examined the composition of job creation by type of contract (part-time versus full-time, and temporary versus permanent), the broad economic sectors in which jobs were created, and the age and gender of the newly hired. It also looked at interactions among these factors, such as the extent to which full-time jobs were filled by young men. The most striking finding is that the best European performer, the Netherlands, has had about half of its job creation since the mid-1980s in part-time jobs taken by women aged 25–49, typically in the service sector.

Conclusion

Some of the main findings from this research are:

A policy package consisting of low worker dismissal costs and low taxation may have an important role in producing rapid job creation and appears to account almost entirely for the difference between Continental Europe and the high-performing non-European countries.

Economic Issues No. 20 -- Job Creation: Why Some Countries Do Better

bump

 

[Iowa10000]

OMG now we want to compare the US with Europe when we think we can make a point.
Well i will side step this and make my own points.

Bushes tax cuts amounted to a winfall for those in the top 10%, 5% and esp the top 1%. But what they were was a rebate that was made by not collecting what was owed in taxes. The reasoning was that it would creat jobs which it did because the middle class spent the money they would have spent. But there is little of any proof that those who got 10,000's to 100,000's to 1,000,000's in this basic tax rebate that shows that these people did anything to create jobs as they said they would.
Now due to this burden put on the colection of taxes vs the money being spent we have created one hell of a large deficit.

So where did the last 10 years of Tax cuts (tax rebate) that went to the rich, 70 billion a year. The truth is very few people who have millions and billions just go out and invest their own money to start a business. They put up a starting nut but borrow the rest paying high amounts to borrow what is needed.

So make me believe that this time 70 billion a year gift to those who are already filty rich will somehow do what it didn't do for the last 10 years.

the average tax cut for the top group is around 550,000.00 yet the average start up cash for a small business is around 80,000 of their own money and about the same in finanacing. There were An estimated 552,600 new employer firms opened for business in 2009, and 660,900 firms closed. so the yearly rate vary some and there are more companies closing than opening than in most years it's usually pretty close.
This amounts to an annual turnover of about 10 percent. Nonemployer firms have turnover rates three times as high, mostly because it is much easier for them to go into business and cease operations.
In 2009, there were 27.5 million businesses in the United States, according to Office of Advocacy estimates. The latest available Census data show that there were 6.0 million firms with employees in 2007 and 21.4 million without employees in 2008. Small firms with fewer than 500 employees represent 99.9 percent of the total (employers and nonemployers), as the most recent data show there were 18,311 large businesses in 2007.
Source: Office of Advocacy estimates based on data from the U.S. Dept. of Commerce, Census Bureau, and trends from the U.S. Dept. of Labor, Bureau of Labor Statistics, Business Employment Dynamics.

so what this shows is that out of the top 1% of our population which would amount to 1.3 million people they have been sharing the majority of the tax cuts since they make most of the money per person.

Now how does that equate into 1.3 million people and we only create 600,000 companies and many of them have no employees, just a shell. Thats also not taking into consideration that many of those jobs are started by people who are far from that top 1% or even the top 10%.

so that just knocked the hell out of your tax cut for business start up's doesn't it.

so what do they spend that money on, or do they spend it?

 

[bigrebnc1775]

OMG now we want to compare the US with Europe when we think we can make a point.
Well i will side step this and make my own points.

Bushes tax cuts amounted to a winfall for those in the top 10%, 5% and esp the top 1%. But what they were was a rebate that was made by not collecting what was owed in taxes. The reasoning was that it would creat jobs which it did because the middle class spent the money they would have spent. But there is little of any proof that those who got 10,000's to 100,000's to 1,000,000's in this basic tax rebate that shows that these people did anything to create jobs as they said they would.
Now due to this burden put on the colection of taxes vs the money being spent we have created one hell of a large deficit.

So where did the last 10 years of Tax cuts (tax rebate) that went to the rich, 70 billion a year. The truth is very few people who have millions and billions just go out and invest their own money to start a business. They put up a starting nut but borrow the rest paying high amounts to borrow what is needed.

So make me believe that this time 70 billion a year gift to those who are already filty rich will somehow do what it didn't do for the last 10 years.

the average tax cut for the top group is around 550,000.00 yet the average start up cash for a small business is around 80,000 of their own money and about the same in finanacing. There were An estimated 552,600 new employer firms opened for business in 2009, and 660,900 firms closed. so the yearly rate vary some and there are more companies closing than opening than in most years it's usually pretty close.
This amounts to an annual turnover of about 10 percent. Nonemployer firms have turnover rates three times as high, mostly because it is much easier for them to go into business and cease operations.
In 2009, there were 27.5 million businesses in the United States, according to Office of Advocacy estimates. The latest available Census data show that there were 6.0 million firms with employees in 2007 and 21.4 million without employees in 2008. Small firms with fewer than 500 employees represent 99.9 percent of the total (employers and nonemployers), as the most recent data show there were 18,311 large businesses in 2007.
Source: Office of Advocacy estimates based on data from the U.S. Dept. of Commerce, Census Bureau, and trends from the U.S. Dept. of Labor, Bureau of Labor Statistics, Business Employment Dynamics.

so what this shows is that out of the top 1% of our population which would amount to 1.3 million people they have been sharing the majority of the tax cuts since they make most of the money per person.

Now how does that equate into 1.3 million people and we only create 600,000 companies and many of them have no employees, just a shell. Thats also not taking into consideration that many of those jobs are started by people who are far from that top 1% or even the top 10%.

so that just knocked the hell out of your tax cut for business start up's doesn't it.

so what do they spend that money on, or do they spend it?

OMG now we want to compare the US with Europe when we think we can make a point.
Well i will side step this and make my own points.

Raising taxes or cuting taxes it doesn't matter if it's done here or in Europe it's all done the same way. Cuting taxe increases jobs rasing taxes increases unemployment.

 

[Iowa10000]

Cuting taxe increases jobs rasing taxes increases unemployment.
if you read what I put out above you would see that what your speewing is pure BS.

with all the tax cuts for the past ten years job creation, new business is down from previous 10 years. so your lying of course. The only thing that has happened is business creation for the rich instead of them putting up their own money or getting someone to invest in them, the tax payer gave them the money so they didn't have to risk their own.

 

[MajinLink]

Bush cutting taxes over ten years, has done nothing for employment. Clinton had high taxes in comparison and had a much healthier economy.

 

[bigrebnc1775]

Cuting taxe increases jobs rasing taxes increases unemployment.
if you read what I put out above you would see that what your speewing is pure BS.

with all the tax cuts for the past ten years job creation, new business is down from previous 10 years. so your lying of course. The only thing that has happened is business creation for the rich instead of them putting up their own money or getting someone to invest in them, the tax payer gave them the money so they didn't have to risk their own.

What you posted was pure BULLSHIT. Why is it that Busniess are sitting on Trillions of dollars? Do you think they are holding on to it because of greed? They are holding on to the money to see if obama will raise taxes or keep them as they are.,

Listen to Charlie Gibson ask obama about tax cuts
[ame]http://www.youtube.com/watch?v=WpSDBu35K-8[/ame]

 

[Iowa10000]

ah bullshit yourself, pal. The proof is there, it has nothing to do with tax cuts. Capitol ganis and corp taxes maybe, but giving the top one % an extra 535,000 a year in tax cuts does little as far as job creation except save them money that they would have spent anyway.

 

[Soggy in NOLA]

Received the income?

That statement alone shows where you are coming from.

Next.

 

[Soggy in NOLA]

ah bullshit yourself, pal. The proof is there, it has nothing to do with tax cuts. Capitol ganis and corp taxes maybe, but giving the top one % an extra 535,000 a year in tax cuts does little as far as job creation except save them money that they would have spent anyway.

Here's something that I'm quite certain you haven't considered....

It is their money.

 

[Dont Taz Me Bro]

ah bullshit yourself, pal. The proof is there, it has nothing to do with tax cuts. Capitol ganis and corp taxes maybe, but giving the top one % an extra 535,000 a year in tax cuts does little as far as job creation except save them money that they would have spent anyway.

Explain how a tax cut is the government giving people extra money when it's not the government's money.

 

[Oddball]

Bush cutting taxes over ten years, has done nothing for employment. Clinton had high taxes in comparison and had a much healthier economy.

Right...I guess you missed that whole housing bubble collapsing thingy, didn't ya?

Schmuck.