Kucinich: Bush tax cuts caused a substantial part of deficit

I enjoy the way the libtards have taken English hostage. "Bush Tax Cuts" is a code phrase. The libtards fail to understand that the money earned by the rich, middle class, and poor is NOT the government monies in the first place. That's the first problem with debating with libtards...they believe money earned is the governments..and they get to decide how much you get to keep.

Here's a simple solution - flat fair tax. How's that for a social justice program.... stop the government from stealing from everyone. Until you get on the boat for flat fair tax....I applaud tax cuts for everyone..because I certainly who not cry to see the government get revenue starved to the point they have to cut spending.

Kucinich is a libtard????

kresspin wrote: Kucinich is a libtard????

No the libtard is the one who started this thread.

neptunechimney wrote:

kresspin wrote: I didn't see it at the time.

Our limited bombing of Libya with Tomahawk missiles was in concert with coalition air attacks. After that, control was turned over to a NATO coalition.

Are you really unaware that US military attacks were not limited to Tomahawk missiles?

A typo?

No, sorry, it was my mistake. Happy?

K,
Have you seen the level of increased federal spending per US citizen over the last 20 years? It has risen at an incredible rate. An while I am willing to pay increased taxes, we need to decrease the outlays by big percentages. If 40% of everything you spend is financed by debt, you are going to be in trouble quickly.
And income tax increases can be easily modified. If 55% of your income as a corporate lawyer or surgeon was taxed, and it is in the high tax states of Massachussets and NY, would you work less and take more free time, especially if Barack Obama says he wants you now to pay 65% of your income.

In this way, the tax rate rises like you and Kucinich want but the tax receipts drop as the corporate lawyer cuts back his salary from 250K to a semi-retirement of 100K.
Or do you think instead people aren't smart enough to change their behavior? Even Dem Senator John Kerry moved his yacht to avoid the taxes of Massachussets.

Why do you ASSume I want the tax rate to rise?

That would be the only benefit of blaming the deficit on the tax rate reduction instead of the monumental increase in government spending over the same period. If you didn't want an increase in taxation, which is clearly what Obama wants to do as evidenced by his desire to raise taxes on the top 2% and revoking existing tax deductions on certain industries, then you too would be saying we don't have a revenue problem, we have a spending problem.

After the tax rates were reduced in 2003, the federal treasury received more in actual revenue, and the annual deficit, despite the annual increased spending, was actually falling until fiscal 2007 when it went from $140 Billion to over $500 Billion. Hmmm. I wonder what happened in 2006 that ballooned the deficit spending? It wasn't a tax reduction, because the tax rates were the same as they had been since 2003. It wasn't a decline in revenue because federal revenue went up. What was it that caused the ballooning of the deficit spending in fiscal 2007? An increase in spending, right? A huge increase in spending.

We don't have a revenue problem, we have a spending problem. There are two ways to attempt to increase revenue. One is to increase taxes, which we know won't work because the federal government has been collecting the same piece of the pie - 18% of GDP - since the end of WWII regardless of how high tax rates have been set or how low they have been set. The other is to grow the economy so that the same 18% of the economy results in higher revenue being received. 18% of $2 Trillion is twice as much as 18% of $1 Trillion. It works the same for tax revenue as it does for oil company profits.

Time has shown us that the best way to increase investment and increase spending in the economy is to let people keep more of what they make, not confiscate more of their money via taxation. When someone gets to keep $0.65 out of the next dollar they earn instead of $0.30, they have over twice the incentive to make that next dollar rather than find a way to avoid making it. When they get to keep $0.65 of that next dollar instead of $0.30, they have twice as much money to purchase goods and services, which helps the economy grow, increases employment to meet increased demand and all the other positive behavior that is sought. The less the government spends, the less money it needs to confiscate from the economy via taxation to realize the needed funds.