Do the Democrats Have a Plan on Taxes?

Question

The Democratic Party is notorious for increasing taxes, there's no arguement there.

But IF they get into the White House in 2008, how are they going to handle tax increases? We've lived for 8 years with a reduction in taxes, making things pretty steady for everyone in the country. Since the poor make up a large portion of the Democratic Party, wouldn't it be risky for the Democrats to raise taxes, thereby hurting the poor and possibly losing that base?

Answer 1

Ahh... they won't raise taxes on the "poor." In fact, they will raise the minimum wage for the "poor," thereby gaining votes of the "poor."

Of course, they will never make the connection that as businesses are forced to downsize to make up for the mandated pay raises and "tax increases for the rich," the economy will suffer and unemployment will spike.

But, hell, it's just the votes that matter. Not the economy.

Answer 2

well... first off... go ask the poor... things aren't that steady for many of them... foreclosures are going through the roof....
but it's nice that you assume they are steady...

and second, you can increase the taxes on some people, while not increasing it for others... everything I've heard says that they are dead set on keeping the cuts for the middle class and below...

at the same time... the debt and spending are clearly out of control, and that, if kept unchecked, WILL have a negative effect on the economy... so at some point, someone may have to pay for the war...

but, we'll see... no one really "likes tax increases"... but they can be needed at times...

and does anyone remember the last time the minimum wage was raised... no mass hysteria... no mass inflation... no mass of jobs lost? odd... I guess the entire economic process has changed since then? or maybe some people just don't know what they are talking about?

Answer 3

In the whole spectrum of things, taxes have little to do with any "steadyness" of the economy. The economy really runs itself. Any growth or steadyness in the economy the past several years has little to do with any tax cuts. The amount of money added to the economy (which is questionable considering how the wealthy will sit on money or invest it internationally whereas the government is guarenteed on spending it and stimulating the economy) thru individual people due to the tax cuts has little overall effect. The economy is its own creature and it runs in cycles.

The public expects certain services from the government, and to provide those services takes money. That money comes from either taxes or borrowing. Borrowing is not positive in the long run... and tax cuts tend to be short sighted political stunts that hurt in the long run as well.

In order to supply the services required by the public (execpt those libertarian freaks), there will need to be more money raised. Odds are, taxes and fees will probably go up. And it is more logical to raise those taxes on entities that make the most profit... highly profitable businesses and more wealthy people. In the end, that will provide more services for the lower and middle classes, which will help to lift them, and society as a whole, up.