Why is Rudy Giuliani calling for a great reduction in taxes?

Question

Isn't the National Debt increase of 1.49 billion dollars per day enough for him? Does he want to bankrupt the country faster?

http://www.lafn.org/politics/gvdc/Natl_Debt_Chart.html

Thompson is also calling for an increased bankruptcy.

Answer 1

The Republicans always run on "cutting taxes". They rarely do actually cut them, though.And when they do you can bet it mostly befits the wealthy.

Answer 2

Darkwolf drank the Bush koolaid, even though Greenspan and Bernake both agree that lower taxes cannot bring in more money that calculation is impossible it is rhetoric, thought up by Karl Rove and the Reaganomics group at AEI to sell the impossible dream....how do you calculate the effect of taxes not collected on the economy that does not exist, hypothetically you can try and say that more money was spent so more tax on luxury is taken in but it just a guess, or political gambit, But taxes taken in are real tangible resources. hence can be predicted with relative certainty

Answer 3

Any Republican proposal to cut taxes must looked at with intense scrutiny because they are most likely aimed to only help the RICHEST Americans, like Bush's tax cuts did. It's the Republican strategy of "starve the beast." The less money the US government collects in taxes, the less money they can spend on Social programs and public education. This gives Republicans the perfect excuse for cutting funding or privatizing parts of the federal government and turning it over to private industry. However, the more Republicans decrease taxes, the more government GROWS, the opposite of what they want to happen. Of course when the government is barely able to keep running, the wealthy can afford private security forces like Blackwater to defend them, and afford to send their kids to private schools. This will of course create "more kids for the factories."

Answer 4

Wisdomforfools said it right. They always talk tax cuts around election time to get the middle class buzzing. But the middle class never sees a true cut. Just a restructuring of taxes. The ludicrous idea of cutting taxes with a large national debt somehow escapes republican logic. If I reduce my credit card payment, will it magically go away?

Answer 5

While it's true that "lowering taxes stimulates economic growth" is true in the Economics 101 sense, it's not true in many cases, as the economy of any nation is not that simple.

What it is is quite frankly a ploy to gain votes by overexerting the notion that any one that raises taxes is a Communist or a Socialist, and those people are the enemies of Freedom. I spell them in capital letters because these are concepts, and concepts are the easiest to sell to people that like to have their thinking done for them.

Answer 6

reduction in taxes will force a reduction in spending by the federal government. a reduction in spending means less pork projects and cuts in welfare and the like. these are all good things that are needed desperately.

Answer 7

national debt and tax rates have no correlation..responsible gov't spending and tax rates do..

stopping Congress from spending Social Security taxes already withheld..and then financing that debt that makes up over half of our national debt..liberals are suddenly worried about..and have no understanding about

would have a better effect

something the left will never conceed to or be open minded to the concept..

Answer 8

Lower taxes actually stimulates the economy, leading to people making more, therefore actually increasing tax revenue while people spend more money.

Increasing taxes stifles the economy, as people buy less because they have less money to spend, thereby stagnating growth of tax revenue.

In the short term, raising taxes increases tax revenue, but the growth slows quicker.
Lowering taxes increases tax revenue faster, passing tax increases fairly quickly.

It is amazing how many people don't get this.

Answer 9

votes. plain and simple. Much of the American public doesn't have the foresight to realize that less income + more spending = insane debt ... which is a bad thing Mkay.