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Old 11-11-2008, 01:12 PM
 
Location: Chicago, IL
8,998 posts, read 14,793,468 times
Reputation: 3550

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Tax Cuts: The B.S. and the Facts | Corporate Accountability and WorkPlace | AlterNet

Quote:
The Realities
The brute facts are these:
  • Large income tax cuts are followed by a bubble and then a crash.
  • High income taxes correlate with economic growth.
  • Income tax increases are followed by economic growth.
  • Moderate income tax cuts are followed by a flat economy.
  • All of this is especially true as applied to the top tax rates, the amount paid on income that exceeds the highest bracket.
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Old 11-11-2008, 01:29 PM
 
Location: PA
5,562 posts, read 5,685,644 times
Reputation: 1962
what you posted above is the BS and so called tax cuts are a joke!!!!
If I have more money in my pocket and not in the hands of the government the economy works. The problem is we have "tax cuts" to the wrong people and or the cuts aren't real cuts.
We should not have an income tax period.
No flat tax nothing. You keep what you earn.
Would be nice to have a free market and economic liberty for once.
The tax cuts you speak of a controlled small amounts that take a few years to even come into effect as investiments and central economic planning in washington screws up the markets and the FED acts like little children playing with our interest rates.
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Old 11-11-2008, 01:51 PM
 
Location: somewhere in the woods
16,880 posts, read 15,207,835 times
Reputation: 5240


it has already been proven that raising taxes does not work. so in fact instead of giving out tax cuts, maybe we should try funding the goverment as laid down by the Constitution, through bonds, tariffs and duties.

take away all other funds stolen by the US federal goverment and cut all programs not laid down by the Constitution.
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