Does anyone doubt that Democrats will raise taxes despite record revenues due to the tax cuts?

Answer 1

They don't even hide it anymore. Largely because their voters have figured out they don't pay taxes and they can benefit from the programs the libs will fund with the hard earned money of the taxpayers.

I deliberately stop earning money and close up my business when I reach a certain point. Just so I don't graduate to the next tax bracket.

Answer 2

Notme, I would post a few links that show the increase in tax revenue created by decreasing the tax burden on citizens. However, I am sure you can find as many websites that claim the exact opposite. That is the problem with statistics, unless you examine the raw numbers yourself, you can twist statistics around anyway you like to prove any point.

What Tommy G has stated is widely accepted Keynesian economics. When economic slowdown or recession occurs, the government should lower taxes and run a deficit. A consumers based tax cut has a multiplier effect on the economy, since each dollar a given taxpayer spent would go to another taxpayer, who would in-turn spend it again. This re-spending of the same money yields a greater tax revenue than what the government would have received from a single higher tax.

You can read all about John Maynard Keynes and Keynesian economics using the below link or better yet pick up an economics book.

http://en.wikipedia.org/wiki/Keynesian

Answer 3

... while tax cuts can raise revenues temporarily... it's really more of a "in moderation" issue... and it's effect is often lost a year or two after the cuts are put into place...

almost every year is "record revenues" as the economy continues to grow and the population increases... of course when you tax more people, you will bring in more money...

but you can't expect to just cut taxes and it keep on increasing revenues... I mean, that's clearly rediculous... by that logic, you could cut the tax rate to 0 and get all-time record revenues... which is silly...

Answer 4

If there IS anyone out there that doubts the Dems will raise taxes then I own a very suuny and warm beach in Alaska that I'd be happy to sell them. Face it, raising taxes is THE staple of the Democratic Party and has been since FDR. It has to do with the fact that it is a core belief to Democrats that the people do not own their money. They believe money is, by definition, a property of government to be spent as government pleases. Private money is a concept that is anathema to them. To them government prints money therefore government owns money.
Let's just get to bottom line here shall we? Nothing has changed with those guys. If you want your taxes raised through the roof then by all means......vote Democrat.

Answer 5

They will repeal the 'tax cuts to the rich'. Which have now, for the umpteenth time, proven the fact of the Laffer Curve.

They probably understand the economic reasons why lower marginal rates are better for the economy, etc, but that such thinking is not in alignment with the leftist philosophy of class warfare that drives Democrat tax policy.

Answer 6

What a lot of these DEM answerers fail to realize is that the key is NOT raising taxes... the key is getting rid of the spending on things like government support for the arts, government handouts to the lazy (both corporate and individual), government paying on contracts that companies have not delivered on, etc....

And as income tax levels drop, it encourages more spending, which actually UPS tax revenues all around thru sales and corporate taxes.... that little fact seems to slip through their ears undetected....

Answer 7

I sure hope so. Politicians have convinced sheep-like voters that all taxes are evil. If we all believed that we'd be living in a country with no infrastructure, as in: no roads, no hospitals, no plumbing, etc. When I hear about tax hikes I want to know three things. 1. Who's getting taxed? (hopefully the rich) 2. How much? (hopefully allot) 3. Where's the money going? (hopefully to the poor). Where are these record revenues from tax cuts you speak of? Certainly not with the millions who've fallen below the poverty line since G.W. stole office.

Answer 8

Seems to me the Republicans will have to be part of the effort to raise taxes since they control Congress and the Executive branch. Have you written or called you Senator and Representative yet to make your feelings on the subject known?

Answer 9

Nope; they will:

1 - Raise taxes,
2 - Bail out of Iraq so fast it'll make your head spin,
3 - Return to class warfare,
4 - Treat terrorism as a law enforcement problem,
5 - Ignore the illegal immigrant issue (as much as possible),
6 - Issue executive orders in favor of unions and tort lawyers,
7 - Resume their anti-war, anti-business, anti-common sense policies,
8 - Return such stalwarts as Charlie Rangel, Henry Waxman, John Dingell, and others of that ilk to House committee chairmanships (btw, this is the same crowd that got bounced in '94 (read: they're going back to the future)),
9 - Etc., etc., etc.

If the Weak Sisters are returned to power, I wonder how long it'll take the American people to wake up and toss 'em back out again.

Answer 10

Raise for the rich and no tax break for companies moving jobs offshore. I have heard many democrats advocating middle class tax cuts for quite awhile now.