So...How Did Those Tax Cuts Work Out?

iVillage Member
Registered: 09-01-2010
So...How Did Those Tax Cuts Work Out?
32
Sat, 09-25-2010 - 7:53pm

Looking back over the numbers:



~Opal~    

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iVillage Member
Registered: 09-26-2010
Sun, 09-26-2010 - 5:38pm

"the data show overwhelmingly that the Republican-sponsored tax cuts damaged our nation"

Agreed. And I can only wonder, why would America vote for the Republicans so soon again? This is the same bunch of Republicans or even more extreme "Tea Party'ers".

I understand people are impatient. Bush left us in a deep hole. No one could pull us out in 2 years.

Obama is taking flack from the right for not cutting enough taxes and flack from the left for not spending more. In fact, under the President's balanced policy the United States is recovering faster than our first world country peers.

Slipping back to taxing future generations through short-term tax cuts for the rich is not the answer, it's what caused this mess.

iVillage Member
Registered: 03-16-2007
Mon, 09-27-2010 - 5:32pm

One term I keep hearing is that it is bad to raise taxes on the "most productive members of our society" That statement makes me fume. It is insulting to all of those people who earn their money working hard, working two jobs and are more productive, IMO...

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iVillage Member
Registered: 07-20-2004
Mon, 09-27-2010 - 5:45pm
I think of how Hershey Corporation sent most all their jobs to MEXICO. I fume when I buy a Hershey bar and it says "made in Mexico" I am disgusted. I think I can live without Hershey bars!
iVillage Member
Registered: 09-01-2010
Mon, 09-27-2010 - 5:59pm
Yup...I won't buy them. Plus, now that we're looking ahead to Halloween, you can bet that I won't be giving them out on Halloween.
~Opal~
~Opal~    
iVillage Member
Registered: 11-11-1999
Mon, 09-27-2010 - 6:07pm

"Ignore the cynics who say the Republican leaders on Capitol Hill, in Wasilla, and on the airwaves care only about the rich. I don't believe that. I think they are captive to economic theories few of them understand and that are simplistic in the extreme."

This is exactly right. Republicans, especially since the Reagan era, really have no plan or platform. In the past they used the "soft on communism" smear against individuals as a vehicle to power, and, after the collapse of communism, they switched to the tax cut mantra. They really don't understand the implications of it, Reagan convinced the right wing that they could get something for nothing, ie tax cuts and a balanced budget at the same time. This has never come close to being reality, both Reagan and Bush doubled the national debt and yet Republicans cling to this fairy tale like grim death, as giving it up would mean actually having to explain their other positions. It's telling that no tea party arose when Reagan and Bush were doubling the deficit, showing that it really isn't deficit spending that they care about, it's who it's spent on that matters.

What I find particularly galling is the whining from libertarian Republicans that "the government is taking my money at the point of a gun". Our fathers and grandfathers marched off to war, many of them gave their lives, "at the point of a gun", through the draft. They did it without whining about it and saved the world in the process. They came home to tax rates that were at least twice what they are today and they didn't whine about that either. I wonder how they would feel knowing that they sacrificed so much so that their descendants could sit around whining about paying half or even less in tax than they did.

From the Boston Brahmins through the World War II generation to the Gates and Buffets of today, there has always been a sense of civic responsibility in this country that is sadly threatened today by those who see the whole point of life to be selfishness and self serving greed. Sadly the Republican party, 30 years ago, decided to ride the tax cut tiger and they still do to this day, to the country's detriment. Once you mount a tiger it's impossible to dismount.

dablacksox



Cynic: a blackguard whose faulty vision sees things as they are, not as they ought to be.---Ambrose Bierce, The Devil's Dictionary.

dablacksox


Cynic: a blackguard whose faulty vision sees things as they are, not as they ought to be.---Ambrose Bierce, The Devil's Dictionary.

iVillage Member
Registered: 03-30-2007
Mon, 09-27-2010 - 6:10pm

ITA.

I keep hearing "They have to keep their money to creat new jobs." So where are the new jobs? I will finally answer my own question that I've been asking forever.

There aren't any!!!

It's a scare tactic that the rich have been spewing since Obama was elected. It's time to make them put up or shut up!!!!!!

iVillage Member
Registered: 03-16-2007
Mon, 09-27-2010 - 6:35pm

I keep hearing "They have to keep their money to create new jobs." So where are the new jobs?



I also hear that they spend more money, and that helps keep the economy going. Uh...sure...that's why business is booming everywhere.



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iVillage Member
Registered: 03-16-2007
Mon, 09-27-2010 - 6:37pm

No!

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iVillage Member
Registered: 09-01-2010
Mon, 09-27-2010 - 6:54pm

<<>>

Yes...my dad was one of those WWII veterans. I never heard him complain about taxes. Then again, he was the enemy of the libertarian Republicans - a government employee - a firefighter. Isn't it sad how our firefighters, police, teachers and other civil servants are disparaged by elements in our society today. I remember when those professions were considered honorable. Now...they're just sucking people's money away.

~Opal~
~Opal~    
iVillage Member
Registered: 08-16-2005
Mon, 09-27-2010 - 6:59pm

I fume too especially when Obama defines 'working Americans'.


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