"NOYB" wrote in message
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Dan J.S. wrote:
The economy is very strong, if you have not noticed. Growing at a steady
rate. Tax cuts did this (all while tax receipts are up too)...

That's ridiculous.
The economy moves into and out of recession without tax cuts.
Prior to GWB's tax cut, how many recessions subsided *without* any tax
cuts?
Plenty.



Right now our government is like a couple of hillbillies who
accidentally acquire $200,000 in credit cards. As they're spending each
card to the max and hauling home truck loads of useless consumer junk,
they can't believe how "rich" they suddenly are.

If tax receipts are up, government spending is up far, far, far more.
Train wreck, dead ahead.

Tax receipts *are* up. Which means that from now on it will be awfully
hard for Democrats to whine that tax cuts cause deficits.

Increased spending...from wars, and military build-ups, and natural
disasters...cause deficits. But not tax cuts.
Running a business I try to maximize profits by choosing a cost for product
that will bring in the most revenue. Taxes should be treated the same way
but should be "calculated" to do the least damage to the economy but bring
in the NEEDED monies. A well thought out tax cut WILL stimulate the economy
but will it stimulate it enough to more than pay back the costs that the tax
cut created in the governments revenue. In this case YES. Capital gains
taxes of 30% depress the economy. Capital gains taxes of 10% stimulate the
economy. Somewhere between the 10 and 30 percent figures is the amount that
will bring in the most revenue.

In the figures from the IRS are the volume of tax revenue generated with
each of the incremental tax breaks (capital gains taxes were slowly dropped
over 5 years). Some one can look at those numbers and come up with a
recommendation for congress for a final figure for capital gain taxes.

Now why do I always hear from the left that the rich were given a tax break
by Bush? He did it to stimulate the economy! Does everyone on the left
have such bias that they can't think straight. DO they think the rest of us
are idiots?