Since you cant read the statements with the facts of what has happened in the past let me spell it out for you.
everytime major tax cuts have taken place MORE MONEY COMES INTO THE GOVT TREASURY. When you raise taxes LESS MONEY COMES INTO THE TREASURY. what about the debt? yea, thats the point. raising taxes makes it harder to pay off the debt..... It stiffles the economy causing a slow down....
http://answers.yahoo.com/question/index;_ylt=ArnHicyA6lXaIHfr1LDe2hfsy6IX?qid=20070123091752AAtFTFd
2007-01-23 04:36:09 · 9 answers · asked by CaptainObvious 7 in Politics & Government ➔ Politics
sorry, I can read, and research, and the facts are (2000) - 980,500 (2001) - 888,000 (2002) - 797,000 (2003) - 748,000 (2004) - 832,000 all numbers ($millions) the IRS doesn't post numbers for 05, or 06 yet, but it looks like your theory is flawed
http://www.taxfoundation.org/taxdata/show/250.html
2007-01-23 05:15:40 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Thanks for the thrilling lesson in Conservative Hogwash 101. There is a dramatic difference between concept and application; theory and reality. If your theory were valid then perhaps we should eliminate taxes altogether. Wouldn't that dramatically increase the treasury? At what point do tax cuts negatively impact revenue? Need I remind you that our debt is higher than ever in history?
Oh, by the way, were you aware that Bush plans to propose a tax hike during his State of the Union speech tonight?
2007-01-23 04:51:34 · answer #2 · answered by Hemingway 4 · 2⤊ 0⤋
So? If we eliminate all taxes then the treasury will have an infinate supply huh?
What you are stating is called "Liberal Economics" and it has no place in a functioning government.
I suggest you take up some reading, and I don't mean Boortz.
joeB - Trust you? Why?
2007-01-23 04:43:21 · answer #3 · answered by SpaceMan 1 · 2⤊ 0⤋
supplyside economics is a short term solution to a failing economy, and can not be sustained over the long run...how has 'pay go' affected the economy negatively? And it is harder to pay down a national debt when you are forever increasing it...not very conservative.
2007-01-23 04:41:13 · answer #4 · answered by hichefheidi 6 · 2⤊ 0⤋
Clinton: Biggest budget surplus.
Bush: Biggest budget deficit.
The atrocious Iraqi war: Trillions.
Facts.WHO has a problem?
So? If we eliminate all taxes then the treasury will have an infinate supply huh?
What you are stating is called "Liberal Economics" and it has no place in a functioning government.
So? If we eliminate all taxes then the treasury will have an infinate supply huh?
What you are stating is called "Liberal Economics" and it has no place in a functioning government.
2007-01-23 04:41:20 · answer #5 · answered by Cut The Crap 2 · 1⤊ 2⤋
In the short term tax cuts increase inflow, but you simply cannot keep cutting taxes and expect it to continue. Simple.
2007-01-23 04:40:45 · answer #6 · answered by Anonymous · 4⤊ 0⤋
lowering taxes increases revenue if the tax cuts, in fact, increase the 'tax base'...they understand that, trust me.
2007-01-23 04:43:14 · answer #7 · answered by Pete Schwetty 5 · 0⤊ 0⤋
They wish not too.
2007-01-23 04:41:13 · answer #8 · answered by asmith1022_2006 5 · 0⤊ 0⤋
Not getting the answers that please you, my lord. Hahahahahaha!!!!
2007-01-23 04:41:58 · answer #9 · answered by American Truth Warrior 1 · 1⤊ 0⤋