Are Bush's tax cuts for Working People responsible for this GREAT Economy?

Question

My dad says because of Bush's tax cuts he can send both my brother and I to college without us taking out any short term loans. Thanks Mr. Bush!

The tax cuts have to be responsible for this smoking economy!

Economy Grows at 3.4 Percent Pace, Best Showing in More Than a Year!

http://biz.yahoo.com/ap/070727/economy.html?.v=14

Dow 14,000!

Since August 2003, more than 8.2 million jobs have been created, with more than 2 million jobs created over the twelve months ending in June. Our economy has now added jobs for 46 straight months, and the unemployment rate remains VERY low at 4.5 percent.

It looks like the tax cuts benefit everbody!

Answer 1

The fact of the matter is that with Bush' s tax cuts for the middle class, I have more money each month and I have been able to do many more things for my kids. That means I am spending money and putting other people to work. Further, with those extra people working, there is more money in the national treasury. For those who think I am a rich guy because the tax cuts have greatly helped me, I make between 50k and 60k closer to the 50k. According to all the liberal calculations, that is basically a slightly above middle class income. When I add in the 3 kids I live with me, then all of a sudden, I am lower middle class income. So you single people out there making 20k to 30k, stop you whining, get an education, and find a better job. I am sure more money in your pocket will change your mind real quick.

Answer 2

Your first mistake replaced into to have self belief Warren Buffet or George Soros. Your question factors out that even liberals see that tax cuts are a sturdy factor. the place they disagree is that by some potential the prosperous would desire to pay extra. in certainty that they DO pay extra. they are prosperous. Having an "larger value" device punishes people who artwork the toughest and promotes type envy. A "honest" tax is extra acceptable. each could pay the comparable proportion OR do away with the earnings tax and enable anybody pay taxes on the flaws they purchase. those issues won't happen by using fact Congress might could supply up too plenty power. Your premise does no longer carry. If ANY tax minimize is sturdy, that does no longer let us know that if the prosperous at the instant are not secure it quite is extra acceptable for the economic device. It tells us that a reimbursement around the board does no longer have been authorized by potential of a Congress that believes type conflict is a sturdy factor and that funds flows as much as the prosperous and not vice versa. the place might you be if no longer for the prosperous?

Answer 3

So far, the effects have been clear. In the first 33 months after Bush signed the 2003 tax bill, the American economy increased by 20 percent and nearly 5.3 million new jobs were created.
Over the first half of this year, our economy grew at a 4.1 percent annual rate, faster than any other major industrialized nation, and tax receipts actually rose $206 billion in the first nine months of this fiscal year.

Although I have some serious concerns over what that money is being used for, it is crystal clear that the Bush tax cuts saved the American economy. Economic growth over the last four years "exceeds the entire size of the Chinese economy." Steve Forbes

The tax cuts of 2003 really enabled the economy to go from a 1 percent stagnant, semi-stagnant economy to the vigorous one we have today. It's not fully appreciated, because the main media more or less ignore it.

PS: For those of you who can not see the tax cuts;

The cuts were primarily on Capital Gains so you are revealing that you have no investments nor savings, nor insurance policies, nor 401K etc. You had better get with the program and start managing your money so that you can take advantage of these tax cuts because there is a real risk that Hillary will put Charlie Rangle in charge of the tax code and you will never really have an opportunity to advance yourself like this again. Charlie wants to bring the rich down here with you, not you up there with them.

Answer 4

Isn't it amazing. Every time the federal tax has been cut the economy gets a shot in the arm and federal revenues increase. The market flourishes and interest rates go down. Every tax increase has the exact opposite affect.

Imagine that... Every single time.

Anybody with a modicum understanding of economics knows this to be true... It's only the liberals who don't get it.

Liberals, read very slowly... You have to "pay" taxes before you can get a cut in taxes. If you don't pay taxes you won't get a cut... See? (I knew they wouldn't get it.)

The ones who are not realizing a cut are mad because they didn't get a refund check anyway.

Also, for you liberals... do you know where the liberals in congress draw the line between "rich" and "middle class" as far as their tax increases are concerned? $70,000 per year combined income.

Bet there are a lot of liberals who just realized they are one of those evil, nasty, greedy "rich" people they so love to hate.

Answer 5

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Answer 6

You are in the minority if you have a rich daddy to pay for your college. The Bush tax cuts added a huge $5.87 per month (less than $72 a year) to my pay check. Saying the Bush tax cuts were intended for the working people of America is a stretch. It is painfully obvious the Bush tax cuts were pay back to his very rich campaign donators. Like me, the average working American, were benefitted little.

Answer 7

Personally it did well by me. I just bought my first house which I never thought I'd ever do.

Don't you just love how the people who are basically on welfare are downing the tax cuts and calling you a "1%er" and all that crap? I love it when they think everything should be given to them on a silver platter.

Answer 8

No, his war on terror and his war on Iraq are responsible. Economies always go through an upturn during war.

Just out of curiosity where are these mythical tax cuts you always talk about? I'm middle classes and I paid more taxes last year then ever.

if you're dad is sending you and you're brother to college without loans, he isn't middle class. I just got done working my way through college, 40 hrs a week and still owe 28 grand.

So bush cut taxes for the rich class, that I can believe.

Answer 9

Okay...who are these working people? not the lower middle class? I didn't see any tax cuts. I still have the same percentages coming out of my check. I am not lazy! I work 43 hours a week and am a single mom. I make $10/hr. Very hard to live off of. I just wish I could have seen these supposed tax cuts.

Answer 10

Every one but the left as they want what is yours and mine. Thinks look at it like this. " what is ours is theirs and what is theirs is theirs"