Why are the Bush tax cuts bad?

Discussion in 'Politics' started by Matthew, Sep 2, 2012.

  1. Matthew
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    Matthew Blue dog all the way!

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    Can you explain to me why the Bush tax cuts are bad? I wish to try to understand this. I thought they focused on the middle income and upwards.

    Thanks.
     
    Last edited: Sep 2, 2012
  2. Lakhota
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    Lakhota Diamond Member

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    No, dumbass, you don't want to know. It's been explained many times on this board - complete with charts and graphs.
     
  3. Matthew
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    Matthew Blue dog all the way!

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    Did your people have charts and graphs a thousand years ago? :eusa_silenced:
     
  4. Lakhota
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    Lakhota Diamond Member

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    Yes, but nothing like my MBA program.
     
  5. Nole
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    Nole Active Member

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    Its not that the Bush tax cuts are bad. Its the theory of supply side economic that these tax cuts adhere to.

    In theory tax cuts allow more money to accumulate in peoples hands. These monies are supposed to allow a "trickle down" effect as to where wealth moves from those who have it to people who work for a living.

    this theory has not panned out at all, never have, never will. If it did, Bush's last term and Obama's first term would have seen some job growth. We all know, this never happened.

    You can find numbers backing these facts up if you like.


    Keep in mind, after Reagen used similar tax cuts he had to raise taxes to offset the growing debt. Clinton also raised taxes and we know what sort of growth we had under Clinton
     
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  6. HUGGY
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    HUGGY I Post Because I Care Supporting Member

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    They were sold to the public as a means to create jobs which they have not. They added trillions to the deficit.
     
  7. Ariux
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    Ariux BANNED

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    The poor also benefited from the Bush tax cuts, through an increase in "refundable" child tax and earned income (welfare) credits. Also, the lowest tax brackets were expanded.

    And, tax cuts for the poor have continued to increase. Refundable education credits have been added and the earned income tax credit has been expanded to three (six children between two unmarried parents), since the Bush tax cuts.
     
  8. Political Junky
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    Political Junky Gold Member

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    Compare it to a person in debt who takes a pay cut in order to do better.
     
  9. CausingPAIN
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    CausingPAIN BANNED

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    I hate to differ sir the salespeople have jobs should this not count as job creation
     
  10. Ariux
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    Ariux BANNED

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    Tax cuts: Compare to a person having to pay less taxes to do better.
     

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