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Two, most people can understand that if you reduce the amount of money that goes to the Treasury without accompanying spending the deficit will increase. That's what happened after the Bush tax cuts were enacted.
And you go and say what you claim you didnt say again.
Reducing the tax rate does NOT reduce the amount of money to the treasury. In fact the CBO says just the opposite
Had revenues grown at the same rate as the overall economy between 2003 and 2006, federal receipts would have increased by only $373 billion. The other $252 billion of the actual increase in revenues represents growth in excess of GDP growth.
YOU WERE WRONG. The deficit increased ONLY because spending increased because income DID increase!!
Bull. Democrats could have simply done NOTHING, and the Bush tax cuts would have expired. YOU are the one being dishonest because the extension wouldnt have happened without Democratic support. Hell, the Democrats needed to bring the bill to a vote, not the GOP
There you go again with those pesky facts. Liberals hate them.
Had revenues grown at the same rate as the overall economy between 2003 and 2006, federal receipts would have increased by only $373 billion. The other $252 billion of the actual increase in revenues represents growth in excess of GDP growth.
YOU WERE WRONG. The deficit increased ONLY because spending increased because income DID increase!!
Please point to where I said the Treasury should take all of someone's wealth.
Actually, if you look at the revenue brought into the government after the second round of Bush tax cuts, you will see they skyrocketed. We set record revenue collection. Those are the facts.
And I dare you to challenge me on those numbers. I will gladly look up the right wing website for you, as long as you are willing to admit you were wrong. Deal?
Please point to where I said the Treasury should take all of someone's wealth.
Increasing taxes = taking ones wealth, and according to you, the higher the tax rate, the more money to the Treasury. Since you only care about the Treasury "wealth", then surely you would support a 100% tax rate under the notion that the nation will be very very wealthy right? See this is where you liberal kooks display your lack of basic economics.
Well, for one I didn't say that. Two, most people can understand that if you reduce the amount of money that goes to the Treasury without accompanying spending cuts the deficit will increase. That's what happened after the Bush tax cuts were enacted.
Wrong. As I posted, with the government link, revenues went up, WAY UP, after the second round of Bush tax cuts. Those are facts.
And Yes, Bush also spent way too much on wars and a p-drug program.
Increasing taxes = taking ones wealth, and according to you, the higher the tax rate, the more money to the Treasury. Since you only care about the Treasury "wealth", then surely you would support a 100% tax rate under the notion that the nation will be very very wealthy right? See this is where you liberal kooks display your lack of basic economics.
You said I support the Treasury taking all of a taxpayers wealth. Please point to where I made that claim.
Please point to where I said the Treasury should take all of someone's wealth.
Right here:
Quote:
Originally Posted by Winter_Sucks
That's why I favor tax increases and spending cuts. I'm actually serious about lowering government debt.
You're welcome.
Now please respond to the link I posted showing lowering taxes dramatically INCREASED revenues please.
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