2007-02-19 12:56:37 · 5 answers · asked by Gina B 2 in Politics & Government ➔ Other - Politics & Government
It doesn't, The top of this nation pay over 38% of the budget through taxes, but on that, people earning $16,000 an increase of 10 to 12% into there checks
Tax cuts actually is like a ripple effect, tax cuts=more money in your wallet, thus means more spending, leading to more products being bought, meaning an increase in production, companies can't keep up with the demand, hiring more employees
2007-02-19 13:16:00 · answer #1 · answered by HAGAR!!! 6 · 2⤊ 0⤋
Because most of the cuts go to the rich. when the rich receive money they invest in the stock market,or commodity's, when the poor and middle class receive a tax cut they spend it on durable goods and disposable items. this action by the rich takes money out of the economy while the poor and middle class action stimulates the economy and makes it run faster. so not all tax cuts hurt the economy just the enormous ones the rich receive
2007-02-19 21:03:51 · answer #2 · answered by publius 2 · 2⤊ 3⤋
They don't. Tax and interest rate rises are what contracts the economy.
2007-02-19 21:15:08 · answer #3 · answered by scruff 4 · 1⤊ 0⤋
gl with the liberal fantasy answers... *yawn*
im going to watch "24"...
the apparently WICKED REPUBLICAN PROPAGANDA TV SHOW run by Fox...
..even though the President is a Democrat and often down-talks his conservative white house aids...
bye. bye...
have fun with the libs
2007-02-19 21:01:54 · answer #4 · answered by Corey 4 · 0⤊ 1⤋
They dont.
2007-02-19 21:00:30 · answer #5 · answered by redneckking_99 3 · 2⤊ 0⤋