Top Nine GOP Econ Lies!

signalmankenneth

Verified User
1. Cutting Taxes Leads to More Money for the Government

2. Conservatives’ Favorite Economist Proves the Point

3. Taxes on the Rich Keep ‘Wealth Producers’ from ‘Creating Jobs’

4. The Opposite: Tax Cuts for Upper Earners Spur Job Growth

5. Only Half of American Families Pay Taxes

6. Americans Are Taxed to Death

7. We’re Being Killed by Runaway Government Spending

8. Conservatives Favor Low Taxes and Limited Government

9. Taxes on Top Earners Are Actually Taxes on ‘Small
Businesses’

America in Decline: Why Germans Think We're Insane

http://www.alternet.org/module/printversion/149324

signalman comment: unemployment will still be around 9% two years from now and the republicans will seek another extension of the Bush tax cuts too! It's called beating a dead horse?!

beating-a-dead-horse.gif
 
"Ten Myths About the Bush Tax Cuts-and the Facts

Myth #1: Tax revenues remain low.
Fact: Tax revenues are above the historical average, even after the tax cuts.

Myth #2: The Bush tax cuts substantially reduced 2006 revenues and expanded the budget deficit.
Fact: Nearly all of the 2006 budget deficit resulted from additional spending above the baseline.

Myth #3: Supply-side economics assumes that all tax cuts immediately pay for themselves.
Fact: It assumes replenishment of some but not necessarily all lost revenues.

Myth #4: Capital gains tax cuts do not pay for themselves.
Fact: Capital gains tax revenues doubled following the 2003 tax cut.

Myth #5: The Bush tax cuts are to blame for the projected long-term budget deficits.
Fact: Projections show that entitlement costs will dwarf the projected large revenue increases.

Myth #6: Raising tax rates is the best way to raise revenue.
Fact: Tax revenues correlate with economic growth, not tax rates.

Myth #7: Reversing the upper-income tax cuts would raise substantial revenues.
Fact: The low-income tax cuts reduced revenues the most.

Myth #8: Tax cuts help the economy by "putting money in people's pockets."
Fact: Pro-growth tax cuts support incentives for productive behavior.

Myth #9: The Bush tax cuts have not helped the economy.
Fact: The economy responded strongly to the 2003 tax cuts.

Myth #10: The Bush tax cuts were tilted toward the rich.
Fact: The rich are now shouldering even more of the income tax burden."

http://www.heritage.org/research/rep...-bush-tax-cuts
 
"Ten Myths About the Bush Tax Cuts-and the Facts

Myth #1: Tax revenues remain low.
Fact: Tax revenues are above the historical average, even after the tax cuts.

Myth #2: The Bush tax cuts substantially reduced 2006 revenues and expanded the budget deficit.
Fact: Nearly all of the 2006 budget deficit resulted from additional spending above the baseline.

Myth #3: Supply-side economics assumes that all tax cuts immediately pay for themselves.
Fact: It assumes replenishment of some but not necessarily all lost revenues.

Myth #4: Capital gains tax cuts do not pay for themselves.
Fact: Capital gains tax revenues doubled following the 2003 tax cut.

Myth #5: The Bush tax cuts are to blame for the projected long-term budget deficits.
Fact: Projections show that entitlement costs will dwarf the projected large revenue increases.

Myth #6: Raising tax rates is the best way to raise revenue.
Fact: Tax revenues correlate with economic growth, not tax rates.

Myth #7: Reversing the upper-income tax cuts would raise substantial revenues.
Fact: The low-income tax cuts reduced revenues the most.

Myth #8: Tax cuts help the economy by "putting money in people's pockets."
Fact: Pro-growth tax cuts support incentives for productive behavior.

Myth #9: The Bush tax cuts have not helped the economy.
Fact: The economy responded strongly to the 2003 tax cuts.

Myth #10: The Bush tax cuts were tilted toward the rich.
Fact: The rich are now shouldering even more of the income tax burden."

http://www.heritage.org/research/rep...-bush-tax-cuts

Sheesh! Go take a rest why don'tcha? You need to get a life!
 
Amazing how the liberal democrats keep spouting the same lies. No one has claimed that extending the tax cuts of 2003 will create jobs or anything else along those lines. Why? because we are not talking about MORE tax cuts. Extending the cuts of 2003 will simply keep tax rates at their CURRENT levels. That is NOT a cut, you simpering imbeciles.

OTOH, raising taxes during an economic downturn is about the worst action the government can take. And what happens if the assholes currently controlling Congress allow the current rates to expire? Rates go UP. WAY the fuck up for some people, as in over 300% increase for families of 4 making between 40K and 50K.

And what do the far left democratic pundit have to say? That it is better to fuck over all the people, with the resulting hit on the economy, rather than let go of their "gotta tax the rich!" bullshit.
 
1. Cutting Taxes Leads to More Money for the Government

2. Conservatives’ Favorite Economist Proves the Point

3. Taxes on the Rich Keep ‘Wealth Producers’ from ‘Creating Jobs’

4. The Opposite: Tax Cuts for Upper Earners Spur Job Growth

5. Only Half of American Families Pay Taxes

6. Americans Are Taxed to Death

7. We’re Being Killed by Runaway Government Spending

8. Conservatives Favor Low Taxes and Limited Government

9. Taxes on Top Earners Are Actually Taxes on ‘Small
Businesses’

America in Decline: Why Germans Think We're Insane

http://www.alternet.org/module/printversion/149324

signalman comment: unemployment will still be around 9% two years from now and the republicans will seek another extension of the Bush tax cuts too! It's called beating a dead horse?!

beating-a-dead-horse.gif

LOL Ken you just played right into right wing xenophobia. Having read your link I can pretty well anticipate what the response from the members on the right will be! LOL
 
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Ken/Mojo....I hate to say it but you're both full of shit. At least your lists are. Both list are composed by biased partisan advocates and thus I strongly suspect that neither list reflects either the facts or the truth accurately.
 
Regarding Ken's list, I had a few comments and questions:

2) Which economist? Are you referring to Laffer or someone else like Friedman?
4) Do tax cuts on lower earners spur job growth?
5) Only half of American workers pay federal income taxes, which is generally the point being made.
7) Only an idiot would argue that 7 is a lie
9) Top earners, as in, the top 50% who pay income taxes. The lower half of that section is pretty much your small business owners who are capable of creating jobs, assuming they aren't paying too many fees and taxes.
 
Ken/Mojo....I hate to say it but you're both full of shit. At least your lists are. Both list are composed by biased partisan advocates and thus I strongly suspect that neither list reflects either the facts or the truth accurately.
Most of Mo's list can be confirmed by public data....

Ken the pinhead's list is 100% opinion....zero confirmation
 
Here's a little red meat for our neocon friends who are fortunate enough not to "99ers", or were spared being in Allentown, PA during the Reagan/Bush years.

http://www.dailykos.com/story/2006/12/13/72111/695
Bullshit from 'KnowNothing" Clarabell about Allentown, Pa during the Reagan/Bush ?
Yes, Of course....TiChi has become our very own, "Fountain of Sewage"....
---------------
The Lehigh Valley of PA which includes Allentown, Bethlehem and Easton has the good fortune to be the home of some of the premier companys and corporations on the Eastern seaboard, including, but not limited to,

Western Electric (ATT Technologies)
Lehigh Valley Hospital
St. Luke's Hospital
Air Products & Chemicals
PPL Corporation
Kraft Foods

Lehigh University
Mack Trucks Inc.
Sacred Heart Hospital of Allentown
Guardian Life Insurance Co.
Lehigh Carbon Community College
Northampton Community College
Easton Hospital
Crayola
Victaulic Company of America
Lutron Electronics Co. Inc.

Allen Organ
etc.
etc.
etc.


I did not include the giant Bethlehem Steel Company only because in 1983 that great company started to have its problems with imported steel...
But Bethlehem Steel, even at that time was a very big employer in the area....

So, despite bullshit from our resident clown, (and Billy Joels hit tune, "Allentown") ....the Lehigh Valley, during the Reagan/Bush years, and even later, was a great place to live and find good high paying work...it was quite common to have people traveling from 50/60 miles away to work in the Valley....but alas, that has come to a halt with the appearance of Obama, Pelosi, Reid, and the rise of the far left in Washington.
 
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1. Cutting Taxes Leads to More Money for the Government

2. Conservatives’ Favorite Economist Proves the Point

3. Taxes on the Rich Keep ‘Wealth Producers’ from ‘Creating Jobs’

4. The Opposite: Tax Cuts for Upper Earners Spur Job Growth

5. Only Half of American Families Pay Taxes

6. Americans Are Taxed to Death

7. We’re Being Killed by Runaway Government Spending

8. Conservatives Favor Low Taxes and Limited Government

9. Taxes on Top Earners Are Actually Taxes on ‘Small
Businesses’

America in Decline: Why Germans Think We're Insane

http://www.alternet.org/module/printversion/149324

signalman comment: unemployment will still be around 9% two years from now and the republicans will seek another extension of the Bush tax cuts too! It's called beating a dead horse?!

beating-a-dead-horse.gif

Since none of those are lies, if that's our Top 9, we're in pretty good shape.
 
"Ten Myths About the Bush Tax Cuts-and the Facts

Myth #1: Tax revenues remain low.
Fact: Tax revenues are above the historical average, even after the tax cuts.

Myth #2: The Bush tax cuts substantially reduced 2006 revenues and expanded the budget deficit.
Fact: Nearly all of the 2006 budget deficit resulted from additional spending above the baseline.

Myth #3: Supply-side economics assumes that all tax cuts immediately pay for themselves.
Fact: It assumes replenishment of some but not necessarily all lost revenues.

Myth #4: Capital gains tax cuts do not pay for themselves.
Fact: Capital gains tax revenues doubled following the 2003 tax cut.

Myth #5: The Bush tax cuts are to blame for the projected long-term budget deficits.
Fact: Projections show that entitlement costs will dwarf the projected large revenue increases.

Myth #6: Raising tax rates is the best way to raise revenue.
Fact: Tax revenues correlate with economic growth, not tax rates.

Myth #7: Reversing the upper-income tax cuts would raise substantial revenues.
Fact: The low-income tax cuts reduced revenues the most.

Myth #8: Tax cuts help the economy by "putting money in people's pockets."
Fact: Pro-growth tax cuts support incentives for productive behavior.

Myth #9: The Bush tax cuts have not helped the economy.
Fact: The economy responded strongly to the 2003 tax cuts.

Myth #10: The Bush tax cuts were tilted toward the rich.
Fact: The rich are now shouldering even more of the income tax burden."

http://www.heritage.org/research/rep...-bush-tax-cuts

Would you expect anything different from the Heritage Foundation? Really...

Hey maybe if we eliminate all taxes, the debt will disappear. :whoa:

economix-17leonhardtgdpchart-custom1.jpg
 
Amazing how the liberal democrats keep spouting the same lies. No one has claimed that extending the tax cuts of 2003 will create jobs or anything else along those lines. Why? because we are not talking about MORE tax cuts. Extending the cuts of 2003 will simply keep tax rates at their CURRENT levels. That is NOT a cut, you simpering imbeciles.

OTOH, raising taxes during an economic downturn is about the worst action the government can take. And what happens if the assholes currently controlling Congress allow the current rates to expire? Rates go UP. WAY the fuck up for some people, as in over 300% increase for families of 4 making between 40K and 50K.

And what do the far left democratic pundit have to say? That it is better to fuck over all the people, with the resulting hit on the economy, rather than let go of their "gotta tax the rich!" bullshit.

NO ONE is claiming that extending the tax cuts of 2003 will create jobs or anything else along those lines? REALLY???
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logo.jpg


Between 2011 and 2016, extending the tax cuts would likely, relative to the current-law baseline:

* Raise real gross domestic product (GDP) by an average of over $75 billion annually, and by nearly $100 billion in 2012;
* Add an average of 709,000 jobs annually, and roughly 900,000 in 2012;
* Lower the unemployment rate, which means that about 270,000 unemployed workers in 2012 alone would find jobs; and
* Increase real personal income by an average of almost $200 billion annually.
http://www.heritage.org/research/reports/2007/02/the-2001-and-2003-bush-tax-cuts-economic-effects-of-permanent-extension
----------------------------------------------------------------------
Trickle down never happened. It was a Trojan Horse designed by Republicans to return America back to the Gilded Age...a plutocracy.

The Bush tax cuts have been in place for past decade...how did they do?

Total 10 Year Job Gains: Negative 203k

all-employess-private-industry.gif


Cutting off unemployment benefits and social programs during an economic downturn IS the worst action the government can take. People will DIE you asshole. You claim you were once a Democrat...you're full of shit.

"Labor is the United States. The men and women, who with their minds, their hearts and hands, create the wealth that is shared in this country—they are America."
President Dwight D. Eisenhower

"We're going to crush labor as a political entity"
Grover Norquist - Republican economic guru and co-author of the GOP's 'Contract with America'
 
1. Cutting Taxes Leads to More Money for the Government

This CAN be the case, but it is not always the case. Like most things, too much can kill you as can too little. I have yet to see anyone claim that tax cuts will ALWAYS raise revenues.

2. Conservatives’ Favorite Economist Proves the Point

The above is quite simply.... moronic. It doesn't mention any specific topic or economist. Thus it is simply mindless dribble.

3. Taxes on the Rich Keep ‘Wealth Producers’ from ‘Creating Jobs’

Again, this is not ALWAYS the case, but jobs for the most part are created by the individual, not the government. Typically it is going to be the wealthy that are the investors in new ideas/technologies that lead to job growth. The other primary source of job growth is the small entrepreneur who is doing on his/her own.

4. The Opposite: Tax Cuts for Upper Earners Spur Job Growth

This is the exact same as number 3.

5. Only Half of American Families Pay Taxes

97% of Federal income taxes are paid by the top 50%. This is a fact and is what people are referring to.

6. Americans Are Taxed to Death

This is simply a matter of opinion. It depends on how much each individual wants the government to produce. Because it is based on personal opinion, it is neither true nor false in an absolute.

7. We’re Being Killed by Runaway Government Spending

Yes, we are.

8. Conservatives Favor Low Taxes and Limited Government

HOW is this an 'economic lie'???? It IS what conservatives favor.

9. Taxes on Top Earners Are Actually Taxes on ‘Small
Businesses’

This again is not an 'economic lie'. It CAN be true for some top earners while at the same time not be true for others.

So what we have found from your list is that you are full of crap and simply parroted some bullshit from a left wing website.
 
1. Cutting Taxes Leads to More Money for the Government
From CBO:
Federal individual income tax revenues have risen and fallen by significant amounts since 1994. Revenues increased by $461 billion (85 percent) between fiscal years 1994 and 2000, fell by $211 billion (21 percent) between 2000 and 2003, and then increased by $370 billion (47 percent) between 2003 and 2007.
So revenues INCREASED $370 billion AFTER the 2003 tax cuts. Where is the lie?

2. Conservatives’ Favorite Economist Proves the Point
LOL Which economist proves which point? (What a fucking droon.)
Hmmm: "Democratic economist proves the point" LIARS!!!!!! (See how that works?)

3. Taxes on the Rich Keep ‘Wealth Producers’ from ‘Creating Jobs’
4. The Opposite: Tax Cuts for Upper Earners Spur Job Growth
What's this? The same thing worded differently to increase the number of "lies"? Who is doing the lying now?
http://pw1.netcom.com/~rdavis2/jobgro50.html
Note the job growth increase following the 2003 tax cuts. So where is the lie?

5. Only Half of American Families Pay Taxes
The actual tax fact cited is that only about half of American Families pay FEDERAL INCOME TAXES. (http://finance.yahoo.com/news/Nearly-half-of-US-households-apf-1105567323.html?x=0) Of course, EVERYONE pays taxes of SOME kind, in various other forms, from FICA to medicare to state and local taxes, sales taxes, fuel taxes etc. of all sorts. Miswording a claim, then calling it a lie, IS a lie. So, again, who is the REAL liar?

6. Americans Are Taxed to Death
Well, unless you're going to claim a literal interpretation, this is nothing but a difference in opinion. There are those who believe they are over taxed. There are those who believe taxes should be higher - some only for the higher income brackets, some across the board. Opinions cannot be honestly called lies. (except by liars.)

7. We’re Being Killed by Runaway Government Spending
Want to explain how this is a lie?

8. Conservatives Favor Low Taxes and Limited Government
That IS the central political philosophy of most who label themselves conservatives. Where is the lie?

9. Taxes on Top Earners Are Actually Taxes on ‘Small Businesses’
This really depends on what is meant by "top earners". Are we talking about the upper half? Top 20%? Top 10%? Again, we see a (deliberately) vague representation of a claim, and calling it a lie.

But the thing is, the vast majority of small business owners do come in toward the upper levels on the scale of income. The operation of a small business, making money and being one's own boss is the core of the traditional "American Dream".

There is a close relationship between the personal finances of small business owners and the finances of their business. When business is good, small business owners thrive, expand, and contribute more to the economy. When business is bad, they suffer along with the rest of us. Higher taxation in this sector, even if they are personal income taxes, has a direct negative effect on the ability of the small business to grow.

This relationship does not exist in big business, where the executives make out well no matter what is going on.
 
We need to cut corporate taxes and raise taxes on the rich. We need massive tax hikes on any bonous that exceeds $75,000. Tax cuts should go specifically to small businesses. No more broad tax cuts for the rich. No more taxing tips. The government needs massive taxes on law suites. Companies create jobs not the rich. Give companies a tax break.
 
7. We’re Being Killed by Runaway Government Spending
Want to explain how this is a lie?



It's an implied lie. The implication is that Democrats are responsible for runaway spending but though certainly not blameless the truth is, is that Repbuplicans have been far more guilty of spending far more then we can afford on defense and military expenditures which are by far the single biggest source of runnaway spending. The fact is, we can cut our defense/military spending in half and we could then balance our budget (in fact we'd have a surplus) pay down our debt with the surplus and we would still not only be able to more then adequatly defend our nation we would still be spending more for defense then the rest of the word combined does.

You want to reduce government size and spending lets get serious and let's talk about the three pillars (military, SS, Medicare-medicaid) cause the rest is chump change.
 
Businesses, and the rich pass on their taxes to the consumer.

I'm not sure if this is appropriate for this thread, but I wanted to make this point. Income tax is really a way to get money out of the little guy.
 
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