Do tax cuts for the rich create jobs?
Mopeder
2012/04/08 23:12:46
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Top Opinion
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no
+8The Republicans want people to think giving tax cuts to the rich really works, but it doesn't.
I think it is time to stop allowing politicians to buy votes by stealing from one group and promising it to thieves. Time to treat every American fairly with a flat tax.
Should the democrats just officially change their name to the Jealous Thieves party? It is clear that is all they amount to. Has Ovama ever had 1 speech where he was not vilifying the successful and promising free stuff stolen from others to his thief minions?
promising it to thieves?? you are classifying the entire middle class and the poor as thieves?? considering you are obviously a conservative republican I am going to make a leap and assume that you are a Christian as well, the Bible is pretty clear about taking care of the poor (not that I think we should do it for this reason as there should be a separation of church and state) so for you to call them thieves probably flies in the face of everything you claim to believe
As far as thieves go, yes, if you are using mob rule to steal from others to steal things for yourself, then they are freaking thieves. look at how you democrats cried about even paying for your own social security. You do not give a damn about anyone, just stealing for yourself. You have clearly shown that youa re willing to destroy the coountry, the economy, burry our children in debt, and all so you can get hand outs. That clearly classifies you as a freaking theif.
HUNT: Why under those pre-Bush tax cut tax rates did the economy do so well in the ‘90s? And why under the Bush tax rates, less for the wealthy, to do so poorly in this decade?
UPTON: Well, a couple things. One, spending went up, Al, the wars. I mean, that’s trillions of dollars. And also there was no change in the entitlements. And we also know -
HUNT: But that shouldn’t hurt the economy. That shouldn’t hurt economic growth.
UPTON: Yeah, but that impacts the debt and the deficit.
HUNT: But I’m asking, why did the economy grow a lot? Why were more jobs created in the previous decade under higher taxes than in this decade under lower taxes?
UPTON: I don’t know specifically the answer to that question. I can – I can maybe merit a guess. But, I mean, in ...
HUNT: Why under those pre-Bush tax cut tax rates did the economy do so well in the ‘90s? And why under the Bush tax rates, less for the wealthy, to do so poorly in this decade?
UPTON: Well, a couple things. One, spending went up, Al, the wars. I mean, that’s trillions of dollars. And also there was no change in the entitlements. And we also know -
HUNT: But that shouldn’t hurt the economy. That shouldn’t hurt economic growth.
UPTON: Yeah, but that impacts the debt and the deficit.
HUNT: But I’m asking, why did the economy grow a lot? Why were more jobs created in the previous decade under higher taxes than in this decade under lower taxes?
UPTON: I don’t know specifically the answer to that question. I can – I can maybe merit a guess. But, I mean, in large part is because our job – we lost jobs. I mean, look at the jobs report that came out this last week, three-hundred- some-thousand people actually stopped looking for jobs.
The democrats only real argument is that it is ok to destroy the economy so that perfectly able bodied people can get petty hand outs like cell phones and birth control. Nobody is proposing not helping the handicap, the mentally incapable...
The democrats only real argument is that it is ok to destroy the economy so that perfectly able bodied people can get petty hand outs like cell phones and birth control. Nobody is proposing not helping the handicap, the mentally incapable, the elderly or even children. So let’s take that lie off the table. Let’s debate the real political argument on the merits of it, and determine how much it is acceptable to steal from other hard working and equal Americans and destroy the economy to help able bodied people out that could easily help themselves as millions of others, worse off than them, do each and every day.
But it is irrelevant, because you could have also used that revenue to directly create many more jobs.
To say that a tax cut would create jobs is disingenuous because it ignores the alternatives.
The bottom line is that customers create jobs and not rich people. Rich people just have the money to more easily take advantage of the demand customers create. There are more poor people then rich people therefore poor people create more jobs then rich people.
No demand = no need for supply = layoffs in order to cut costs until demand increases.
Publication: Business Wire
Friday, January 4 2008
More Than 8.3 Million Jobs Created Since August 2003 In Longest Continuous Run Of Job Growth On Record
WASHINGTON -- Today, the Bureau of Labor Statistics released new jobs figures - 18,000 jobs created in December. Since August 2003, more than 8.3 million jobs have been created, with more than 1.3 million jobs created throughout 2007. Our economy has now added jobs for 52 straight months - the longest period of uninterrupted job growth on record. The unemployment rate remains low at 5 percent. The U.S. economy benefits from a solid foundation, but we cannot take economic growth for granted and economic indicators have become increasingly mixed. President Bush will continue working with Congress to address the challenges our economy faces and help facilitate long-term economic growth, job growth, and better standards of living for all Americans.
The U.S. Economy Benefits From A Solid Foundation
* Real GDP grew at a strong 4.9 percent annual rate in the third quarter of 2007. The economy has now experienced six years of uninterrupted growth, averaging 2.8 percent a year since 2001.
* Real after-tax per capita personal income has risen by 11.7 percent - an av...
Publication: Business Wire
Friday, January 4 2008
More Than 8.3 Million Jobs Created Since August 2003 In Longest Continuous Run Of Job Growth On Record
WASHINGTON -- Today, the Bureau of Labor Statistics released new jobs figures - 18,000 jobs created in December. Since August 2003, more than 8.3 million jobs have been created, with more than 1.3 million jobs created throughout 2007. Our economy has now added jobs for 52 straight months - the longest period of uninterrupted job growth on record. The unemployment rate remains low at 5 percent. The U.S. economy benefits from a solid foundation, but we cannot take economic growth for granted and economic indicators have become increasingly mixed. President Bush will continue working with Congress to address the challenges our economy faces and help facilitate long-term economic growth, job growth, and better standards of living for all Americans.
The U.S. Economy Benefits From A Solid Foundation
* Real GDP grew at a strong 4.9 percent annual rate in the third quarter of 2007. The economy has now experienced six years of uninterrupted growth, averaging 2.8 percent a year since 2001.
* Real after-tax per capita personal income has risen by 11.7 percent - an average of more than $3,550 per person - since President Bush took office.
* Over the course of this Administration, productivity growth has averaged 2.6 percent per year. This growth is well above average productivity growth in the 1990s, 1980s, and 1970s.
Unemployment Numbers
2001 4.2 4.2 4.3 4.4 4.3 4.5 ...
2002 5.7 5.7 5.7 5.9 5.8 5.8 ...
2003 5.8 5.9 5.9 6.0 6.1 6.3 ...
2004 5.7 5.6 5.8 5.6 5.6 5.6 ...
2005 5.3 5.4 5.2 5.2 5.1 5.0 ...
2006 4.7 4.8 4.7 4.7 4.6 4.6 ...
2007 4.6 4.5 4.4 4.5 4.4 4.6 ...
2008 5.0 4.8 5.1 4.9 5.4 5.6 ...
2009 7.8 8.2 8.6 8.9 9.4 9.5 ...
2010 9.7 9.7 9.7 9.8 9.6 9.5 ...
2011 9.0 8.9 8.8 9.0 9.1 9.2
Sorry all you naysayers.
Did the taxes pay for themseleves like the Republicans said they would? No. Did Reagan's tax cut pay for themselves? Nope and we're still paying off the debt Reagan ran up.
If the tax cuts worked, why aren't they working now?
How many jobs has Romeny created with his tax cuts?
my point. Your obvious disappointment to the facts are to ask your own
questions and obfuscate. Sorry to ruin it for you , sour ( grapes ) puss.
The problem with tax cuts for rich is that study after study shows that tax cuts are the worst way to create jobs.
Before you go crazy, I am not saying that raising taxes creates more jobs; rather, there is a happy medium, If cutting taxes was the cure we should eliminate them all. Why tax anyone if taxes hurt the economy?
The answer isn't simply to cut taxes every time the economy gets in trouble. Putting in the right regulations helps like regulating banks, and oil, and every industry we come to rely on.
Since you posted your stats, I thought it would be honest to point out that though they were positive, they were very low.
years , we will have a new leader in the aforementioned category. They
are currently attempting to cook the books ( numbers ) in order to
aid in a re-election bid but those that are really looking for work know
all too well the ugly truth that exists in our current job(less) market.
p.s. I don't go crazy over things I can't control.
President Obama has an oposition party that is unwilling to comprise. I can see why you would want to Replace President Obama, Democrats are willing to work with the other side while Republican are not. No matter how bad the Republicans make the political environment, the Democrats are willing to work with them, unlike the revese situation.
and and a bulletproof congress that had an agenda based on
revenge. The people spoke in a large way in the mid term election
but the oh so bi partisan dimocrats you speak of still hold the senate
and that is where the buck stops. Good try though.It is your duty as
a talking points ambASSador to tote that party line.
Yeah, the Republicans were willing to work with the Democrats.
And what about the job bills that he mid-term Republicans promised? Where are they?
http://www.washingtonpost.com...
Face it, Republicans have one agenda, to make President Obama a one term president. They said this even before he got into office. Knowing this, how can we believe that the Republicans have any interest in make the country better over getting Obama out of office.
If the tables were turned and the Democrats blocked every thing that Bush tried to do, would feel the same way?
republicans how exactly? Where is a budget ? The republcans
have made two attempts at one in a years time and the dims have
produced how many in 3 1/2 years ? I'm not really interested in a pissing contest because the fasct is that both sides are responsible
for little getting passed through but after the way the bulletproof
dim congress conducted themselves in the first two years of this
administration , I think this is what should be expected.