1) Tax cuts pay for themselves.
Wrong. Every dollar lost in revenue is one more dollar the government needs to borrow to pay their bills. It's so obnoxious when repubs complain of gov spending yet are too ignorant to realize tax cutting leads to more borrowing. You think over spending is the only reason for our debt? No, it is also because of Bush's tax cuts.
2) Liberals are socialists/communists
Also wrong. We are talking about fundamental definitions of words here. Saying liberals are socialists is just as stupid as saying conservatives are liberals.
3) The wealthy are not too wealthy.
95% of income gains have gone to the top 5% of earners despite the fact that the lower classes are responsible for most of the productivity. In fact, productivity has grown exponentially in the lower classes since the 30s yet wages have remained flat.
By 2003, Mr. Bush grasped this lesson.
In that year, he cut the dividend and capital gains rates to 15 percent each, and the economy responded.
In two years, stocks rose 20 percent.
In three years, $15 trillion of new wealth was created.
The U.S. economy added 8 million new jobs from mid-2003 to early 2007, and the median household increased its wealth by $20,000 in real terms.
But the real jolt for tax-cutting opponents was that the 03 Bush tax cuts also generated a massive increase in federal tax receipts.
From 2004 to 2007, federal tax revenues increased by $785 billion, the largest four-year increase in American history. According to the Treasury Department, individual and corporate income tax receipts were up 40 percent in the three years following the Bush tax cuts. And (bonus) the rich paid an even higher percentage of the total tax burden than they had at any time in at least the previous 40 years. This was news to theNew York Times, whose astonished editorial board could only describe the gains as a surprise windfall.
DWYER: Bush tax cuts boosted federal revenue - Washington Times
Now for the substantiation...
Historical Tables | The White House