U.S. Kansas Tax Cut Experiment Comes To An End As Lawmakers Vote To Raise Taxes

Of course they do, reality interceded when a state realized they got no funds from the feds or anywhere else but...the local tax payer, also known as STATES RIGHTS and people who have to pay to live there unless some other state pays for it, called the Feds.
Shocking revelation for some.
 
cawacko said:
If we want to argue facts tax cuts didn't create the '82 recession, Volker crushing inflation did and it was a step that needed to be taken.

We're JFK's tax cuts extreminism to you? Because they were of the supply side variety
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Kennedy never cut anyone's taxes. His proposal also included payroll tax cuts...not necessarily supply side cuts. And a top marginal rate of 90% leaves plenty of room for cuts.


Same for Reagan, who entered office with a 70% top rate.
 
Buckly J. Ewer said:
Trickle down ...

All down...
no trickle...
Click to expand...


There is no economic theory called "trickle down" in any reputable economics book I have read.

There is supply side economics.

Regardless, it really is a moral question for me. But, you think the gubmint can spend your money better than you can. I guess you are irresponsible?

:dunno:
 
cawacko said:
If we want to argue facts tax cuts didn't create the '82 recession, Volker crushing inflation did and it was a step that needed to be taken.

We're JFK's tax cuts extreminism to you? Because they were of the supply side variety
Click to expand...

For years I kept hearing from conservatives about how JFK cut taxes.
One day I decided to verify that claim for myself.

JFK did not cut taxes, LBJ did. Kennedy may have had ideas and proposals about tax cuts, but it was Lyndon Johnson who got them passed and signed into law.

I do not accept the premise behind your question - tax cuts good / tax hikes bad.
We live in a three dimensional universe where simplistic bimodal choices are generally for the feeble minded.

LBJs tax cuts were nothing like Reagan, Dumbya's, or Brownback's foolish budget-busting tax cuts for the rich. The were correcting what was clearly an outdated and stupid tax policy. Right through the Eisenhower era and into the early 1960s, we still had the World War 2 marginal tax rates in place which were intended to pay for a world war, and the defense of Democracy. By the early 1960s, a the WW2 legacy 90 percent marginal tax rate (or whatever it was) on high income brackets was ridiculous and unnecessary.

It is worth remembering that Obama cut taxes too in his first term. Wingnuts seem to forget that. Tax cuts policy never boils down to "do it Saint Reagan's way, or don't do it at all". LBJ's and Obama's tax cuts look prudent in hindsight and will never be remembered by history as the foolish supply side economics of Dumbya and Brownback.
 
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Cypress said:
For years I kept hearing from conservatives about how JFK cut taxes.
One day I decided to verify that claim for myself.

JFK did not cut taxes, LBJ did. Kennedy may have had ideas and proposals about tax cuts, but it was Lyndon Johnson who got them passed and signed into law.

I do not accept the premise behind your question - tax cuts good / tax hikes bad.
We live in a three dimensional universe where simplistic bimodal choices are generally for the feeble minded.

LBJs tax cuts were nothing like Reagan, Dumbya's, or Brownback's foolish budget-busting tax cuts for the rich. The were correcting what was clearly an outdated and stupid tax policy. Right through the Eisenhower era and into the early 1960s, we still had the World War 2 marginal tax rates in place which were intended to pay for a world war, and the defense of Democracy. By the early 1960s, a the WW2 legacy 90 percent marginal tax rate (or whatever it was) on high income brackets was ridiculous and unnecessary.

It is worth remembering that Obama cut taxes too in his first term. Wingnuts seem to forget that. Tax cuts policy never boils down to "do it Saint Reagan's way, or don't do it at all". LBJ's and Obama's tax cuts look prudent in hindsight and will never be remembered by history as the foolish supply side economics of Dumbya and Brownback.
Click to expand...

Dude, are you for real here or trying to troll me? I said nothing here about a binary choice of tax cuts being only good or bad yet that is what you are saying at the end.

LBJ may have passed the tax cuts but they're know as Kennedy's because he proposed them and was out supporting them.

JFK and Obama's tax cuts were very very different.
 
cawacko said:
Dude, are you for real here or trying to troll me? I said nothing here about a binary choice of tax cuts being only good or bad yet that is what you are saying at the end.

LBJ may have passed the tax cuts but they're know as Kennedy's because he proposed them and was out supporting them.

JFK and Obama's tax cuts were very very different.
Click to expand...

You didn't know it was LBJ that pushed for and signed into law the tax cuts, did you? LBJ was arguably our most masterful president when it came to getting the legislature to bend to his will.

What we agree on: Tax policy is complex and three dimensional. Not all tax cuts are good, and not all tax hikes are bad.

We also agree that Jerry Brown, using a traditionally Democratic strategy of budget restraint and tax hikes managed to clean up the mess the guy you voted for left him (Governor Terminator).

I did not say Obama's tax cuts were exactly like LBJs. I said that neither of them will be remembered by history as the foolish and ill considered "supply side" tax cuts of Dumbya and Sam Brownback.

Edit to say, agree California longterm liabilities are potentially problematic. But the top priority was cleaning up the mess the guy you voted for left for Jerry Brown. Brown is working on reforms to long term liabilities and it is a manageable problems with some tweaks and some political courage.
 
Cypress said:
For years I kept hearing from conservatives about how JFK cut taxes.
One day I decided to verify that claim for myself.

JFK did not cut taxes, LBJ did. Kennedy may have had ideas and proposals about tax cuts, but it was Lyndon Johnson who got them passed and signed into law.

I do not accept the premise behind your question - tax cuts good / tax hikes bad.
We live in a three dimensional universe where simplistic bimodal choices are generally for the feeble minded.

LBJs tax cuts were nothing like Reagan, Dumbya's, or Brownback's foolish budget-busting tax cuts for the rich. The were correcting what was clearly an outdated and stupid tax policy. Right through the Eisenhower era and into the early 1960s, we still had the World War 2 marginal tax rates in place which were intended to pay for a world war, and the defense of Democracy. By the early 1960s, a the WW2 legacy 90 percent marginal tax rate (or whatever it was) on high income brackets was ridiculous and unnecessary.

It is worth remembering that Obama cut taxes too in his first term. Wingnuts seem to forget that. Tax cuts policy never boils down to "do it Saint Reagan's way, or don't do it at all". LBJ's and Obama's tax cuts look prudent in hindsight and will never be remembered by history as the foolish supply side economics of Dumbya and Brownback.
Click to expand...

cutting and raising taxes are a tool to operate our country


they are only BAD OR GOOD depending on what we need them to do at the moment


Rs nowadays like any tax cuts and hate any raise in taxes


they want this country to fail and want it starved to death


they hate education


they hate decent healthcare


they hate the people having power through things like Unions

they hate it when people vote in large numbers


they hate this democracy
 
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Cypress said:
You didn't know it was LBJ that pushed for and signed into law the tax cuts, did you? LBJ was arguably our most masterful president when it came to getting the legislature to bend to his will.

What we agree on: Tax policy is complex and three dimensional. Not all tax cuts are good, and not all tax hikes are bad.

We also agree that Jerry Brown, using a traditionally Democratic strategy of budget restraint and tax hikes managed to clean up the mess the guy you voted for left him (Governor Terminator).

I did not say Obama's tax cuts were exactly like LBJs. I said that neither of them will be remembered by history as the foolish and ill considered "supply side" tax cuts of Dumbya and Sam Brownback.

Edit to say, agree California longterm liabilities are potentially problematic. But the top priority was cleaning up the mess the guy you voted for left for Jerry Brown. Brown is working on reforms to long term liabilities and it is a manageable problems with some tweaks and some political courage.
Click to expand...

Did you know Bill Clinton cut taxes on the rich?

I do agree with one thing you said and that is that the discussion around taxation is too binary. The discussion should be around spending.
 
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