The Big Republican Lie on Tax Cuts

[Titanic Sailor]

Its the overall deregulation of finance and industry that encourages rampant speculation

ahh, so with almost a century of Democrat monopoly on all legislation, they took steps to fix that right?

No? Why not?

 

[saveliberty]

Cenk Uygur: The Big Republican Lie on Tax Cuts

"When you look to see what that right level is in our history, what you find is very interesting. In our glory years between 1945-1965 (these are the years that the Republicans dream of going back to), the top marginal tax rate fluctuated between 77% and 94%. I was stunned when I first learned that. People's heads would explode if you suggested those levels now. Yet, it worked for us for decades as we built the great American middle class and our manufacturing base.

The second interesting fact is what happens when we have historically low taxes. From 1925 to1931, the highest marginal tax rate was as low as it has almost ever been - between 24-25%. And between 2003-2010, the highest marginal tax rate was also at one of its lowest points - 35%. So, what happened when we had these really low tax rates? The Great Depression and the Great Recession."


Keep on lying dumbasses.

1945-1965. Post World War II pent up demand was the larger factor.

Income Tax started in 1913 for war debts.

Tax rates are not related to economic health. The housing bubble and excessive use of credit cause the "Great Recession". Stock market specualtion was a major factor in the Depression.

 

[Full-Auto]

Nice way to ignore that lower taxes brought recession and depression, its very easy ignore truth like that when you your head is up your ass.

You made a claim with zero correlating data. Tell us of your economic prowess. The business you run. The multi millions you made etc.

Your homosexuality doesn't concern me so why bring it up?

Why did you become a ****** so quickly? If you dont have the intellect to engage. Just admit you are a dumbass.

 

[ClosedCaption]

if tax cuts for the rich creates jobs....They still have tax cuts RIGHT NOW. Where da jobs at?

 

[Soggy in NOLA]

Whatever you tax the other guy folks say... if we confiscated every dollar of wealth owned by every man, woman, child and business in this country, we'd still be 50% off the mark of paying off all the obligations. So the notion that you will increase taxes by 10% on 1% of the population and all is well is totally retarded. End of story. It's just class envy childishness. But hey, have fun with it.

 

[Soggy in NOLA]

if tax cuts for the rich creates jobs....They still have tax cuts RIGHT NOW. Where da jobs at?

USPS, IRS, USDoE, Czar Czars, etc.

 

[Soggy in NOLA]

Its the overall deregulation of finance and industry that encourages rampant speculation

ahh, so with almost a century of Democrat monopoly on all legislation, they took steps to fix that right?

No? Why not?

'Cause Bush wouldn't let them.

 

[saveliberty]

if tax cuts for the rich creates jobs....They still have tax cuts RIGHT NOW. Where da jobs at?

Because it frees up capital for investment under normal circumstances. Unfortunately, the Democrats have created an environment that discourages loans by increasing uncertainty of a return. Stimulating union member payrolls just wasn't an effective strategy for job creation either. Thanks for bringing up the fact its your fault.

 

[Mr. Shaman]

I like it when whining lefties link to the HuffPo, and put big text in and then expect to be taken seriously.

******* moron.

Great job at showing how Bubbleheads dispute the posted-stats.

​

 

[rightwinger]

Its the overall deregulation of finance and industry that encourages rampant speculation

ahh, so with almost a century of Democrat monopoly on all legislation, they took steps to fix that right?

No? Why not?

Kind of....with a few notable exceptions

In the 1920's we bought into the GOP "America's business is business" rhetoric to provide an environment of unrestrained economic growth. What we got was the Great Depression which took Democrats 15 years to fix the damage.

Then we got kind of complacent and bought into Reagans supply side economics which was built on massive government borrowing and spending. This economic model led to a massive shift in wealth from the middle class consumers to the wealthiest of Americans

Finally, we bought into the Bush economic model that relied on cutting taxes to pay for two wars and hiding the money from the balance sheet. Once again the Republicans have driven us into a massive economic collapse that will take years to fix

 

[California Girl]

You are mad, don't try to hide it, now drink people plenty of water to flush the toxins out of your systems because when you have an angry breakdown you body releases toxins that can make you sick.

Silly boy.

I always own you little girl, you're not woman enough to deal with me, I give the other broads on here credit except you.

You own me? What, like a slave? Sad little boy - it's a message board.... and that means nobody 'owns' anybody. But don't let that stop you making yourself look like a stupid misogynist. Which one of us has the other as a strap and sig? Not me. That shows the board which one of us is a ******* moron. Sad bastard.

FYI: Referring to women as 'broads' is sexist. What is your problem with women? Are you that intimidated by us that you feel the need to make misogynistic remarks to hide your insecurities?

 

[Mr. Shaman]

I like it when whining lefties link to the HuffPo, and put big text in and then expect to be taken seriously.

******* moron.

I like it when Repugs attack me when they're mad at the truth. I especially like when you do it.

Bubbleheaded-Bimbos are God's way o' saying:

"You think YOU'RE stupid??!!!"

*

[ame=http://www.youtube.com/watch?v=_09xPF_9UjM]YouTube - "Hardball": Katy Abram Told Medicare Is "Successful Socialism"[/ame]​

 

[blastoff]

You are mad, don't try to hide it, now drink people plenty of water to flush the toxins out of your systems because when you have an angry breakdown you body releases toxins that can make you sick.

Silly boy.

I always own you little girl, you're not woman enough to deal with me, I give the other broads on here credit except you.

Wow, now that's a classy guy.

Liberal. It figures.

 

[Bfgrn]

Democrats need to run on a 90% income tax platform or maybe a 100% tax like Obama's father's wanted.

Will they grow a sac and run on their Inner Marxist or will they lie like Andy Cuomo in NY and run on spending cuts and no new taxes?

Nice way to ignore that lower taxes brought recession and depression, its very easy ignore truth like that when you your head is up your ass.

Nice way to ignore the fact that increased taxation of those who would invest does not help an economy... and quite obvious that you are ignorant enough to not understand the difference between coincidence and causation.. tax increases were not the cause of any boom in 93 and government is not the sole reason for private market up or down turns

You have no facts, just emotion and your urge to Monica Lewinsky the rich. George W. Bush's tax cuts have been in place for a decade. The FACTS: ZERO private sector jobs; a lost decade. The failed 'Reagan' revolution over the last 30 years is coming home to roost. It has failed as miserably and as clearly as the Bolshevik revolution. Tax cuts for the wealthy did NOT trickle down, it trickled UP. All it created is the greatest wealth disparity since the year before the Great Depression, a middle class on the ropes and ZERO private sector jobs over the last decade.

And you right wing pea brains and teabaggers want to do MORE of the same, but this time with malice toward the middle class, the unemployed and the poor.

Lost Decade for American Income - WSJ.com

The downturn that some have dubbed the "Great Recession" has trimmed the typical household's income significantly, new Census data show, following years of stagnant wage growth that made the past decade the worst for American families in at least half a century.

The bureau's annual snapshot of American living standards also found that the fraction of Americans living in poverty rose sharply to 14.3% from 13.2% in 2008—the highest since 1994. Some 43.6 million Americans were living below the official poverty threshold, but the measure doesn't fully capture the panoply of government antipoverty measures.

The inflation-adjusted income of the median household—smack in the middle of the populace—fell 4.8% between 2000 and 2009, even worse than the 1970s, when median income rose 1.9% despite high unemployment and inflation. Between 2007 and 2009, incomes fell 4.2%.

"It's going to be a long, hard slog back to what most Americans think of as normalcy or prosperous times," said Nicholas Eberstadt, a political economist at the right-leaning American Enterprise Institute.

The data, released Thursday, underscore the extent to which U.S. households relied on government benefits—and each other—to weather the recession and how living standards at the middle of the middle class have stalled. The report comes as the economy is at the center of a vigorous debate over how government policy can best help the poor and unemployed.

...

The median household income fell 0.7% to $49,777 in 2009, down 4.2% since 2007, when the recession started, the Census Bureau said.

The bureau said that the drop in income in the recent recession, so far, wasn't much different from those recorded in the early 1990s and early 2000s recessions, and was actually smaller than the 6% drop recorded in the deep recession of the early 1980s.

But there is a difference this time: In the prior three recessions, incomes fell after years of upswing, then resumed growing once the downturn ended. The decline this time comes on top of a long period in which incomes stagnated even through the recovery of 2003 to 2007.

 

[ClosedCaption]

if tax cuts for the rich creates jobs....They still have tax cuts RIGHT NOW. Where da jobs at?

Because it frees up capital for investment under normal circumstances. Unfortunately, the Democrats have created an environment that discourages loans by increasing uncertainty of a return. Stimulating union member payrolls just wasn't an effective strategy for job creation either. Thanks for bringing up the fact its your fault.

So tax cuts don't create jobs? Or feeling certain about returns creates jobs? When creating jobs plans includes feelings..well that's lame. Give the rich tax cuts to the rich and let's hope they feel like creating jobs? Sounds like a plan.

 

[KMAN]

I like it when whining lefties link to the HuffPo, and put big text in and then expect to be taken seriously.

******* moron.

I like it when Repugs attack me when they're mad at the truth. I especially like when you do it.

Bottom line if you cut taxes and cut spending it works.... Sorry you aren't smart enough to understand that... but that's what you get with some public schools these days...

 

[JimH52]

Sounds like the Baggers in this thread have no answer on this. The facts don't support your assertions, do they? So, theonly thing left is to slander and lie.

 

[rightwinger]

I like it when whining lefties link to the HuffPo, and put big text in and then expect to be taken seriously.

******* moron.

I like it when Repugs attack me when they're mad at the truth. I especially like when you do it.

Bottom line if you cut taxes and cut spending it works.... Sorry you aren't smart enough to understand that... but that's what you get with some public schools these days...

Since the republicans have never found a way to actually cut spending we may never know.

Taxes are income. Cutting income means you have to double your spending cuts to make up for it.

Tax cuts directed at certain sectors and encouraging certain outcomes can be effective. Across the board cuts have proven to do nothing but make the wealthy wealthier

 

[Dick Tuck]

Democrats need to run on a 90% income tax platform or maybe a 100% tax like Obama's father's wanted.

Will they grow a sac and run on their Inner Marxist or will they lie like Andy Cuomo in NY and run on spending cuts and no new taxes?

Nice way to ignore that lower taxes brought recession and depression, its very easy ignore truth like that when you your head is up your ass.

I know you're stupid but why so dishonest?

If a 90% tax rate leads to prosperity why aren't Democrats running on that?

Because, unlike the '30s, the situation doesn't demand a policy that facilitates that level of private investment. We do certainly need a policy that facilitates more private investment over top end income generation, but not to the level needed during the Great Depression.

 

[Dick Tuck]

Its more than the tax rates..

Its the overall deregulation of finance and industry that encourages rampant speculation

Yes, Wall Street is like the Wild West, it's almost totally deregulated.

Unfettered capitalism at its best and its worst.