Tax cut dont increase revenue
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The Almighty
Note... you have yet again proven you have little to no understanding of economics. You post this article or pieces of it and start shouting out see see I told you. Yet you understand little of what was said in the article.
Laffer didn't say that Clinton was solely responsible for the "surplus". But he did give him credit for his time at the helm.... which he should do.
Also, you ingored the conversation regarding your constant quote regarding tax cuts and revenue. Because that doesn't fit into your brainwashed view of how tax cuts work.
You are essentially the pot calling the CK kettle black.
Topper - First of all, show me the numbers. Second, show me the difference between what revenues would have been had taxes remained the same as compared to revenues with the tax cuts.
As far as I can tell, revenues have consistently increased each year since 1970 with the lone exception of 1982-83 and 2000-2003. Strangely these two anomalies coincide with tax cuts.
Just admit that you don't care about revenues and like tax cuts and we can all move on.
Obfuscate
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82-83 we had 20% interest rates due to curing inflation
00-03 was post Market Buuble and 9-11
Tax Cuts are a small deal in the overall economy, Trying to pinpoint it on one thing is irresponsible.
Here is a chart on Corporate Rates as % of GDP and as a percent they are higher now.
Under Reagan we doubled tax reciepts, we also doubled in deficit. We need to learn to cut taxes and cut spending that's when fiscal policy will really help the economy.
00-03 was post Market Buuble and 9-11
Tax Cuts are a small deal in the overall economy, Trying to pinpoint it on one thing is irresponsible.
Here is a chart on Corporate Rates as % of GDP and as a percent they are higher now.
Under Reagan we doubled tax reciepts, we also doubled in deficit. We need to learn to cut taxes and cut spending that's when fiscal policy will really help the economy.
evince
Truthmatters
Where did I say Laffer said Clinton was solely responsible?
Laffer does not agree with you.
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The Almighty
Which goes to show that you have little knowledge with regards to Laffer or myself. Because we most certainly hold the same opinion on tax cuts.
82-83 we had 20% interest rates due to curing inflation
00-03 was post Market Buuble and 9-11
Tax Cuts are a small deal in the overall economy, Trying to pinpoint it on one thing is irresponsible.
Here is a chart on Corporate Rates as % of GDP and as a percent they are higher now.
Under Reagan we doubled tax reciepts, we also doubled in deficit. We need to learn to cut taxes and cut spending that's when fiscal policy will really help the economy.
There are so many things wrong with this post that it is difficult to begin with a response.
First, the Republicans make the claim that tax cuts increase revenues so they should show that to be the case, not the other way around,
Second, I agree that tax cuts have a marginal impact on the overall economy, but they have a direct impact on government revenues.
Third, even though tax rates have a marginal impact on the economy, looking at a rather marginal subset of taxes (corporate) is disingenuous at best. Arguing that tax cuts have no impact on the economy and then making an argument in favor of tax cuts based on corporate taxes alone is laughably absurd.
Fourth, funny that your chart begins in 1986. I wonder what happens if you back up a few years.
Bottom line: as a general rule, tax cuts do not increase revenue.
gonzojournals
Better than You
First of all, I didn't call Laffer a blogger--- I just said that is the only place you get information from.
Secondly, quoting Laffer himself to prove his own point is absolutely ridiculous.
Secondly, quoting Laffer himself to prove his own point is absolutely ridiculous.
Battleborne
Terminator
Well I don't hate you...........
I just think you are a lonely housewife...looking for attention in all the wrong places...that being said the only thing you 'Own' is your spagetti bowl...
I just think you are a lonely housewife...looking for attention in all the wrong places...that being said the only thing you 'Own' is your spagetti bowl...
gonzojournals
Better than You
I just think you are a lonely housewife...looking for attention in all the wrong places...that being said the only thing you 'Own' is your spagetti bowl...
I think if her husband gave her some oral she might go away...we should start a petition.
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The Almighty
No shit. And do you happen to UNDERSTAND what he is saying? Of course it should not be the basis of a tax cut or increase. In general, tax cuts work in the short term. As I have mentioned to you, but they do not work in the long term unless you have corresponding spending cuts.
The tax cuts working or not is dependent on the rates involved. Laffer knew this. Cutting the top rate from 90% to 70% under Kennedy and then from 70% to 38% under Reagan was beneficial to the economy in the long run.
But Bush's cuts from 38% to 35% were not effective in the long term because there is a balance. Something you seem incapable of understanding. For Bush's cuts to have worked long term, he would have had to decrease spending.
I’m not surprised you talk to Desh this way and show such a hostility towards women. I knew you were gay as soon as I got a look at your avatar. When you denied it, I knew something else. You’re one of those repressed ones drooling over pictures of “awesome” men. Those kind always hate women.
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The Almighty
Exactly, because he knows that there are other factors involved AND that it depends on what rates you are cutting/raising AND how much you are cutting/raising.
gonzojournals
Better than You
No one's life is falling apart, and I'm not sure why you are loving every minute of it....perhaps that is the most frustrating part of all of this, that you think you have dealt some ideological blow to me...if you haven't noticed, I'm not even debating the thread...I only posted in the thread to point out that you have never "owned" anyone in your entire life, so you have no right to condescend even on the most right-wing sites in existence.
Obfuscate
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They can, it depends on many circumstances. It's not as simple as tax cuts increase revenue nor is as simple as your view they don't.
That would be great if our government took spending into account.
Yes, damn google didn't find me the chart I'd have liked, now I'm mad I had to waste 5 minutes to dig this one but tells the same story:
If you want #'s pre 86 you will have to wait until I get home have detailed charts in a few books.
Whether tax cuts are beneficial to the economy is a separate (albiet related) issue altogether. The issue is impact of tax cuts on revenues, not the economy. The relevant inquiry is whether the economic growth resulting from the tax cuts is large enough and lasting enough to cause an increase in revenues despite the lower tax rates.
You go desh.
I knew it was a matter of time, before the cons launched the gender-related insults.
