Why the Bush Tax Cuts were a massive success.

[ScienceRocks]

The Bush tax cuts made the rich, richer

 

[expat_panama]

The Bush tax cuts made the rich, richer

--and the fact that the poor got richer too should matter. Same with the war on the rich that began with the 110th congress --what happened was that the poor got worse off.



Seriously here, the well being of the poor really should be more important than just getting even with the rich.

 

[hangover]

As soon as you acknowledge that spending creates deficits, not tax cuts, we'll talk about the rest of it.

Those tax cuts WERE republican spending! They were NOT paid for, like the cons demand of social spending. Those tax cuts added $3 trillion to the national debt. The republican spending on that stupid Iraq war added $3 trillion also.

So it's not spending you really whine about, it's the poor, the elderly, education, and the EPA that you have a problem with.

Cons turn this country into a banana republic with tax cut for the rich, and make 98% of Americans poorer, and they call it a success. Slimeballs!

 

[expat_panama]

...tax cuts WERE republican spending! They were NOT paid for...

Ah, and if we don't pay for tax cuts then we'll have to increase the revenue from spending so our living within our means doesn't bankrupt the country.




Did I get that right?

 

[Dot Com]

Supply-side economics - Wikipedia, the free encyclopedia

Andrew Samwick, who was Chief Economist on Bush's Council of Economic Advisers from 2003–2004 responded to the claim:

"You are smart people. You know that the tax cuts have not fueled record revenues. You know what it takes to establish causality. You know that the first order effect of cutting taxes is to lower tax revenues. We all agree that the ultimate reduction in tax revenues can be less than this first order effect, because lower tax rates encourage greater economic activity and thus expand the tax base. No thoughtful person believes that this possible offset more than compensated for the first effect for these tax cuts. Not a single one"

makes sense eh?