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Which is the exact same thing since you have a $100 more that you can spend.
It's not the same thing. You have to earn it to keep it. You aren't given anything. If one earns no income, that tax cut doesn't let one keep anything more. The non-earner isn't given anything, either.
Stronger economic growth from a lower capital gains tax rate would raise government revenues from all tax sources. A macroeconomic analysis by Allen Sinai found that a capital gains tax rate of 15 percent would raise more revenue than a 20 percent rate because GDP, employment, and stock prices would be higher.18 Similarly, a study by Stephen Entin found that long-run GDP and government revenues would be higher with a 15 percent capital gains tax rate than a 24 percent rate.19 http://www.cato.org/sites/cato.org/f...df/tbb-066.pdf
There is no evidence that shows that lowering taxes, whose rates are not confiscatory, increases economic activity. None.
We only need to look at the last few decades to prove it. Clinton raised taxes and economic activity skyrocketed (even though the GOP said the tax-increases would tank the economy.) Bush lowered taxes and economic growth and job creation was weak.
Showing something from CATO is not proof. CATO is not an independent organization. CATO is an agenda driven organization that creates 'research' to prove the point they already decided.
"If I were to get pregnant, I would know just where to go for help: the local offices of Women, Infants, and Children (WIC), the federally funded food and nutrition program; Planned Parenthood; and the Family Resource Center. All three are places where I stood in line for hours with my siblings as a child growing up in Watts. But finding local resources to pursue higher education is harder. As one of the few community college students living in Watts, I can’t find a place to print out an essay or get college-related advice.
When I ran into a friend who grew up in the same low-income housing development as I did, she said there was an easier way than to struggle through college. “You should get pregnant,†she told me. “Girl, the government will take care of you, trust me.â€"
This article hits home to the difference between the democrat/republican view towards those living in poverty. Republicans want to do things to lift up those impoverished, to give people means to get themselves out of poverty instead of the current broken model pushed by democrats to just keep giving things away, keep people from taking responsibility for themselves.
We have been under the guidance of both Republicans and Democrats and poverty rates have only fluctuated insignificantly.
"If I were to get pregnant, I would know just where to go for help: the local offices of Women, Infants, and Children (WIC), the federally funded food and nutrition program; Planned Parenthood; and the Family Resource Center. All three are places where I stood in line for hours with my siblings as a child growing up in Watts. But finding local resources to pursue higher education is harder. As one of the few community college students living in Watts, I can’t find a place to print out an essay or get college-related advice.
When I ran into a friend who grew up in the same low-income housing development as I did, she said there was an easier way than to struggle through college. “You should get pregnant,” she told me. “Girl, the government will take care of you, trust me.”"
She has some pretty lousy friends, but the choice is hers: go to collage and make a good living, or get pregnant and live off of welfare pennies. Luckily only a small percentage of the population is dumb or lazy enough to settle for pennies.
There is no evidence that shows that lowering taxes, whose rates are not confiscatory, increases economic activity. None.
False.
Quote:
"The 1920s, '60s and '80s were three of America's greatest decades of economic growth. Without them, growth since the inauguration of the income tax in 1913 averages less than 3 percent per year. Each of the tax-cut decades saw at least seven years of growth of 4 to 5 percent, along with advances in entrepreneurship, employment, living standards and wealth."
Clinton raised taxes and economic activity skyrocketed
The Clinton years averaged only 3.8 percent growth in GDP.
Furthermore, Christina Romer, chair of Obama's House Council of Economic Advisers, resigned in 2010 because she knew from her own work as a researcher in Economics that if Obama's tax increase policies were enacted they would blunt an already very weak economic recovery.
Romer's study examined all the legislated tax changes in the U.S. since World War II, and found that there is a negative correlation between increases in the level of taxation and the amount of tax revenue received by the government as a result of that change.
She also found that for every 1% increase in the tax rate, GDP declined by anywhere from 2.5-3%, and that "... stems in considerable part from a powerful negative effect of tax increases on investment." http://emlab.berkeley.edu/~dromer/pa...ERJune2010.pdf
Turns out she was right. We've had an extremely weak recovery.
I'm still poor because I lack skills. What's the Republican plan for that?
You're still poor because you squandered your education, and made no effort to improve your skills.
Everyone lacks skills. Everyone. There is not one person on this planet that is born knowing how to read, do math, cook, build a house, etc. Everyone has to learn SOME skill to survive. But some people learn to improve theirs. The Republican plan SHOULD be to reward success, and punish laziness, inertia, and excuses.
She has some pretty lousy friends, but the choice is hers: go to collage and make a good living, or get pregnant and live off of welfare pennies. Luckily only a small percentage of the population is dumb or lazy enough to settle for pennies.
It's a larger % than a small percent living off welfare pennies. They may be dumb and lazy but they are not settling, they are screaming for more. What about the poor? What about the less fortunate is their call.
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