Why aren't the Bush Tax Cuts Working?

Discussion in 'Politics' started by NYcarbineer, Sep 2, 2011.

  1. NYcarbineer
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    NYcarbineer Diamond Member

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    They were extended 8 months ago, when Obama caved in to the GOP's demands.

    Weren't they supposed to create jobs? Wasn't another 800 billion dollar's worth of budget busting supposed to be worth it,

    for the jobs?
     
  2. OODA_Loop
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    OODA_Loop Account Terminated

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    Need more tax cuts.
     
  3. iamwhatiseem
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    iamwhatiseem Gold Member

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    boooooooosssssshhhh
     
  4. NYcarbineer
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    NYcarbineer Diamond Member

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    Will I my bet that no one on the Right will have an intelligent answer??
     
  5. bitterlyclingin
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    bitterlyclingin Silver Member

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    Try 600 new regulations per month. The economy ends up acting like Gulliver in Lilliput as a result while Lisa Jackson rides roughshod over the workers, managers, and shareholders.
    The Administration feels that no matter how much you tax or regulate the economy, the economy will just keep chugging along as if nothing had ever happened.
    Constrict the supply of gas to your generator as severely and watch what happens.
     
  6. OODA_Loop
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    More money in pocket = more money to spend.
     
  7. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    A. There were no tax cuts, instead they decided not to raise taxes. Which as you no doubt know, was what would have happened if they had not extended the BTCs. It done by Pres Obama and the dems before the GOP took control of the House, if you don't like it, blame the Dems. But even Obama himself said that to raise taxes in this environment would have been a bad idea.

    B. Nobody promised more jobs when the BTCs were extended, it was done to preclude further loss of jobs and head off another recession. That 700-800 billion that the BTCs cost for the top income earners is spread over 10 years, seems like you're trying to imply the entire cost should have an immediate effect.
     
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  8. OohPooPahDoo
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    OohPooPahDoo Gold Member

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    Guess again.
     
  9. flacaltenn
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    flacaltenn USMB Mod Staff Member Gold Supporting Member

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    Ya know NYCarbo -- EXTENDING a tax cut does not neccesarily have a cheery effect to get things moving. At least not the same as a vote that would have SOME economic stimulus to it.. It simply WASN't a tax cut by definition..

    Secondly -- THE UNCERTAINTY of whether those cuts were gonna be extended contributes to all the malaise due to indecision of the Dem Congress (pre - nov 2010). Did they HAVE to wait to LAST MINUTE?

    There's 2 possible explanations. But you're right --- I'm not a right-winger -- so maybe I don't count..
     
  10. OohPooPahDoo
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    OohPooPahDoo Gold Member

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    The Bush tax cuts were supposed to create jobs. They were passed in what, 2001-3? How long does it take?
     

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