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

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...

I've read all four (five?) Robert Caro books on LBJ. I'm very familiar with him. Yes he got the tax cuts passed but they were JFK's baby which is why they are referred to as his.

Actually I voted for Tom McClintock the first time, not Arnold. It's too facile an answer to blame all problems on Arnold. He was not fiscally prolificate. If anything he was too soft and did not stand up to the democratic congress in the state.
 
evince said:
when have deregulation and tax cuts been great for our economy and debt level
Click to expand...

Many many times. You're a democrat. Go look at the Carter administration for a time when democrats were pushing deregulation on multiple fronts.
 
no your teams use of it asshole.


they are merely tools


give a time when your guys proposed it and passed it an then it worked as claimed



you fucks use them to destroy the country and enrich the wealthy
 
evince said:
no your teams use of it asshole.


they are merely tools


give a time when your guys proposed it and passed it an then it worked as claimed



you fucks use them to destroy the country and enrich the wealthy
Click to expand...

Amazing how California has such high taxes yet has the highest poverty rate in the country. How does that happen Desh?
 
cawacko said:
Do you think keynesians are anti tax cuts?
Click to expand...
You're just screaming unfounded generalizations. A tax cut for those earning $100k/year and less, will jump start the economy. Our inept Congress won't grant tax cuts for those who drive the economy, without a corresponding 1000x cut for the wealthy.

Every Republican tax cut has been done in connection with increased spending. It has never ended well.
 
Althea said:
You're just screaming unfounded generalizations. A tax cut for those earning $100k/year and less, will jump start the economy. Our inept Congress won't grant tax cuts for those who drive the economy, without a corresponding 1000x cut for the wealthy.

Every Republican tax cut has been done in connection with increased spending. It has never ended well.
Click to expand...

Tax rates are supposed to be as fair as possible. Just because one is wealthier does not mean they use more services than the next guy. Why should they pay more percentage wise? Monetarily, they already do.
 
Althea said:
You're just screaming unfounded generalizations. A tax cut for those earning $100k/year and less, will jump start the economy. Our inept Congress won't grant tax cuts for those who drive the economy, without a corresponding 1000x cut for the wealthy.

Every Republican tax cut has been done in connection with increased spending. It has never ended well.
Click to expand...

I'm speaking to Desh. Screaming generalizations is all she knows.

Look at the GDP growth we had in the '80's under Reagan. Look at the growth after Clinton's capital gains tax cut. Look at the growth after JFK's tax cut. All quite nice
 
Sailor said:
Tax rates are supposed to be as fair as possible. Just because one is wealthier does not mean they use more services than the next guy. Why should they pay more percentage wise? Monetarily, they already do.
Click to expand...
Depends on who you are talking about. One of trump's first promises on the trail, was to do away with carried interest. Not a peep since.

Every hedge fund manager is subject to cap gains taxation only, even though they are making a salary. As such, before ACA, they contributed nothing to Medicare, or SSI. That's the reason it's so important for Republicans to repeal ACA...they want to do away with that pesky 3.8% Medicare tax on cap gains OVER $250k/year.


Those who make the most, are paying an 'effective' tax rate....just like you and I. Don't be fooled by supposed marginal tax rates.




The consumers are those who drive the economy. The middle class. Not the ultra wealthy.
 
You must log in or register to reply here.
Back
Top