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Haha, explain to me how tax revenues change 3-4 years after the fact.. How exactly does that work?
Hey, are you telling me that 5 years from now we might find out that Bush had surpluses? I mean hey, you are now claiming revenues from the past magically change.. Please educate me on how this takes place..
Well as that renown socialist Adam Smith once said:
"The necessaries of life occasion the great expense of the poor. . . . The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. . . . It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."
as the money is already there why is it that the republicans didn't want the extension?
They did want the extension.. The disagreement was where the money would come from.. Democrats went out and borrowed nearly $1T for the stimulus, and much of it is still sitting in the bank not spent.. Republicans wanted to use that money sitting in the bank, Democrats wanted to go out and borrow AGAIN to fund it. Why would anyone want to double borrow the same money? Thats stupidity to the highest..
Haha, explain to me how tax revenues change 3-4 years after the fact.. How exactly does that work?
Hey, are you telling me that 5 years from now we might find out that Bush had surpluses? I mean hey, you are now claiming revenues from the past magically change.. Please educate me on how this takes place..
I want to see a chart that goes beyond 2006.
You know, the chart that shows decreased taxes increase federal revenues.
They did want the extension.. The disagreement was where the money would come from.. Democrats went out and borrowed nearly $1T for the stimulus, and much of it is still sitting in the bank not spent.. Republicans wanted to use that money sitting in the bank, Democrats wanted to go out and borrow AGAIN to fund it. Why would anyone want to double borrow the same money? Thats stupidity to the highest..
Where will the unemployment funds come from then? What did the Republicans agree to in order to get tax breaks for the very wealthy?
You know, the chart that shows decreased taxes increase federal revenues.
Someone must have hit you on the head today because the tax cuts were made in 2003, which resulted in a huge increase in capital gains revenue.. LOOK AT THE CHART..
I'm waiting for you to tell me how tax revenues change 3-4 years after the fact.. No explination? Shocking!!
As shown in Table 1, the Treasury Department projects that the higher capital gains and dividend tax rates would generate $105.4 billion in additional dividend tax and capital gains tax revenues from 2011 through 2020 (Row 5). The budget sensitivity table indicates that if this proposal reduces total output by 0.04 percentage point per year, then it would completely offset any increased revenues generated by the higher tax rates (Rows 6 and 7).
p.s. does this mean I wont be expecting my food stamps? I was so looking forward to contributing to the economic recovery.. Heck, if stamps are such a stimulus, can I buy them? I really really want to help you guys recover.. Seriously I do.. I'm willing to do my part.. SEND ME MY FOOD STAMPS!!!
Again, what if we had let capital gains tax remain the same, and pay for it with budget cuts. And, if cuts couldn't be made beyond that, let the tax rate increase on the individual, especially the individual making over 1,000,000 per year.
Where will the unemployment funds come from then? What did the Republicans agree to in order to get tax breaks for the very wealthy?
I dont know where they are coming from, I said thats where they WANTED them to come from.. It was Democrats unwilling to pay for the unemployment compensation and wanted to increase the national debt.. Since you have been screaming about the "$70B" in debt from the tax cuts in question, then obviously you are very very upset about the $100B+ increase in unemployment right? I know.. now you dont care about the debt... What a flip flopper, you didnt even get to leave a thread before you flip flopped on the urgency to cut the debt...
Again, what if we had let capital gains tax remain the same, and pay for it with budget cuts. And, if cuts couldn't be made beyond that, let the tax rate increase on the individual, especially the individual making over 1,000,000 per year.
I would have been all for cutting spending to offset the increases.. We would have had a $350B tax increase with a $350B in spending cuts, cutting the deficit in 1/2 and boosting the economy at the same time because the government would have borrowed 1/2 the amount that they did this year.. Thats an extra $700B left in the economy (lack of borrowing it) while only taking out $350B in taxes for a net economic stimulus of $350B.. This is partially why the economy boombed during the Clinton years..
Obviously cutting spending wasnt an option for those in Washington..
Someone must have hit you on the head today because the tax cuts were made in 2003, which resulted in a huge increase in capital gains revenue.. LOOK AT THE CHART..
I'm waiting for you to tell me how tax revenues change 3-4 years after the fact.. No explination? Shocking!!
As shown in Table 1, the Treasury Department projects that the higher capital gains and dividend tax rates would generate $105.4 billion in additional dividend tax and capital gains tax revenues from 2011 through 2020 (Row 5). The budget sensitivity table indicates that if this proposal reduces total output by 0.04 percentage point per year, then it would completely offset any increased revenues generated by the higher tax rates (Rows 6 and 7).
p.s. does this mean I wont be expecting my food stamps? I was so looking forward to contributing to the economic recovery.. Heck, if stamps are such a stimulus, can I buy them? I really really want to help you guys recover.. Seriously I do.. I'm willing to do my part.. SEND ME MY FOOD STAMPS!!!
You are still missing the years of 2007, 2008, 2009, and 2010.
Let me help you out.
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