Republicans can lower taxes if we make our grandkids pay them off .?

Answer 1

Don't believe the first answer. Yes, government income is NOW, five years later, higher than it was in 2001. In general, government income goes up about 3% per year because US wages go up about 3% per year and income tax is our primary source of revenue. Between 2000 and 2003, it dropped by 12% due to the tax cuts. Now, it's gone up 3% per year for five years and is FINALLY back to where it was. Had there been no tax cuts, government revenues would be about 10% higher than they are today.

At the same time, spending has gone up. In 2002, when revenue went down 12%, spending went UP 18%.

This looks even worse in inflation-adjusted dollars.

So, yes, thanks to our dear President and his friends at the GOP, our grandkids will have to dig a lot deeper. I wonder hoe George looks his girls in the eye when they talk about the future. (Or, are they as misguided as HE is?)

Answer 2

You obviously have no clue as to how tax policy works. What is there to pay for?

The dreaded "tax cuts for the rich" have led to >10% increases in tax revenues (you can thank the rich for that). You want to save money, stop the out of control Congressional spending.

Answer 3

Government income is up sinse the tax cuts
same think happened when Regan cut taxes
and the same thing happened with JFK did it
the whole idea behind tax cuts is that the more of their own money people keep the more they spend and invest creating more money to tax overall...

problem is spending has also gone up

Answer 4

TO TJJaguar, how much disposable income do you have now, with with higher oil prices and less health insurance coverage. This president is pro-corporation.

Answer 5

why are you worried you people are on welfare and food stamps and don't pay taxes!!!!