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FredHayek wrote:
Democracy4Sale wrote:
FredHayek wrote: ...but taxes rate changes don't have consequences, they can't...
If they doubled the price on gas, think people would buy smaller cars? Take fewer trips? Carpool more?
Why do liberals believe that sin taxes can change behavior, for example, cigarette smoking has gone down after taxes went up, but it won't affect how people earn income? I realize it is less elastic than other taxes, but people do change in response.
Yes, that's why we had 23.1 million jobs created over 8 years with the old tax-rates for EVERYONE (that were 3.9% more than they are now), and why dropping them 3.9% for the 8 years of Bush created only 3 million jobs and gave us the worst recession since the Great Depression. I can see your point..........Not.Well, if you believe this, why don't Obama, Pelosi, and Reid agree with you? Back when they were in control, the decided to not bring back the Clinton tax hikes. According to your numbers, doing that would have created jobs. Isn't it awful when your party doesn't follow their platform?
You see Obama as a savior, when he is just Bush-lite. In fact today, he changed his mind again and declared that he wants to only bring back some Clinton tax hikes.
http://thinkprogress.org/politics/2011/ ... entennial/Reagan was not the man conservatives claim he was. This image of Reagan as a conservative superhero is myth, created to unite the various factions of the right behind a common leader. In reality, Reagan was no conservative ideologue or flawless commander-in-chief. Reagan regularly strayed from conservative dogma — he raised taxes eleven times ass president while tripling the deficit — and he often ended up on the wrong side of history, like when he vetoed an Anti-Apartheid bill.
ThinkProgress has compiled a list of the top 10 things conservatives rarely mention when talking about President Reagan:
1. Reagan was a serial tax raiser. As governor of California, Reagan "signed into law the largest tax increase in the history of any state up till then." Meanwhile, state spending nearly doubled. As president, Reagan "raised taxes in seven of his eight years in office," including four times in just two years. As former GOP Senator Alan Simpson, who called Reagan "a dear friend," told NPR, "Ronald Reagan raised taxes 11 times in his administration — I was there." "Reagan was never afraid to raise taxes," said historian Douglas Brinkley, who edited Reagan's memoir. Reagan the anti-tax zealot is "false mythology," Brinkley said.
2. Reagan nearly tripled the federal budget deficit. During the Reagan years, the debt increased to nearly $3 trillion, "roughly three times as much as the first 80 years of the century had done altogether." Reagan enacted a major tax cut his first year in office and government revenue dropped off precipitously. Despite the conservative myth that tax cuts somehow increase revenue, the government went deeper into debt and Reagan had to raise taxes just a year after he enacted his tax cut. Despite ten more tax hikes on everything from gasoline to corporate income, Reagan was never able to get the deficit under control.
3. Unemployment soared after Reagan's 1981 tax cuts. Unemployment jumped to 10.8 percent after Reagan enacted his much-touted tax cut, and it took years for the rate to get back down to its previous level. Meanwhile, income inequality exploded. ....
4. Reagan grew the size of the federal government tremendously.....
5. Reagan did little to fight a woman's right to choose. .....
6. Reagan was a "bellicose peacenik." He wrote in his memoirs that "[m]y dream…became a world free of nuclear weapons." .....
7. Reagan gave amnesty to 3 million undocumented immigrants......
8. Reagan illegally funneled weapons to Iran. Reagan and other senior U.S. officials secretly sold arms to officials in Iran, which was subject to a an arms embargo at the time, in exchange for American hostages.
9. Reagan vetoed a comprehensive anti-Apartheid act. .....
10. Reagan helped create the Taliban and Osama Bin Laden. .....
Conservatives seem to be in such denial about the less flattering aspects of Reagan; it sometimes appears as if they genuinely don't know the truth of his legacy. Yesterday, when liberal activist Mike Stark challenged hate radio host Rush Limbaugh on why Reagan remains a conservative hero despite raising taxes so many times, Limbaugh flew into a tirade and demanded, "Where did you get this silly notion that Reagan raised taxes?"
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Democracy4Sale wrote: I got the impression that if more rich people could escape the 3.9% increase in their tax-rates, they would use it to "create more jobs". We certainly know that hasn't been the case.
In fact, Mutt_Rimmer was paying only 14.9%, and the only thing it appears he created was more offshore accounts in the Caymans, Switzerland, Bermuda, and a few jobs for car-elevator installers.
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Democracy4Sale wrote: If that's the best rebuttal you've got, I just won....
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Democracy4Sale wrote: ....Letting the middle-class KEEP the tax-cuts....
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