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Great minds on tax cuts...
"It is a paradoxical truth that tax rates are too high and tax revenues are
too low and the soundest way to raise the revenues in the long run is to cut the rates now ... Cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous, expanding economy which can bring a budget surplus." "Lower rates of taxation will stimulate economic activity and so raise the levels of personal and corporate income as to yield within a few years an increased - not a reduced - flow of revenues to the federal government." "In today's economy, fiscal prudence and responsibility call for tax reduction even if it temporarily enlarges the federal deficit - why reducing taxes is the best way open to us to increase revenues." "It is no contradiction - the most important single thing we can do to stimulate investment in today's economy is to raise consumption by major reduction of individual income tax rates." "Our tax system still siphons out of the private economy too large a share of personal and business purchasing power and reduces the incentive for risk, investment and effort - thereby aborting our recoveries and stifling our national growth rate." "A tax cut means higher family income and higher business profits and a balanced federal budget. Every taxpayer and his family will have more money left over after taxes for a new car, a new home, new conveniences, education and investment. Every businessman can keep a higher percentage of his profits in his cash register or put it to work expanding or improving his business, and as the national income grows, the federal government will ultimately end up with more revenues." "In those countries where income taxes are lower than in the United States, the ability to defer the payment of U.S. tax by retaining income in the subsidiary companies provides a tax advantage for companies operating through overseas subsidiaries that is not available to companies operating solely in the United States. Many American investors properly made use of this deferral in the conduct of their foreign investment." "In short, it is a paradoxical truth that ... the soundest way to raise the revenues in the long run is to cut the rates now. The experience of a number of European countries and Japan have borne this out. This country's own experience with tax reduction (nine years ago) has borne this out. And the reason is that only full employment can balance the budget, and tax reduction can pave the way to that employment. The purpose of cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous, expanding economy which can bring a budget surplus." -- The Tea Party that counts is November 2, 2010 |
Great minds on tax cuts...
"Lu Powell" wrote in message
... "It is a paradoxical truth that tax rates are too high and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now ... Cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous, expanding economy which can bring a budget surplus." "Lower rates of taxation will stimulate economic activity and so raise the levels of personal and corporate income as to yield within a few years an increased - not a reduced - flow of revenues to the federal government." "In today's economy, fiscal prudence and responsibility call for tax reduction even if it temporarily enlarges the federal deficit - why reducing taxes is the best way open to us to increase revenues." "It is no contradiction - the most important single thing we can do to stimulate investment in today's economy is to raise consumption by major reduction of individual income tax rates." "Our tax system still siphons out of the private economy too large a share of personal and business purchasing power and reduces the incentive for risk, investment and effort - thereby aborting our recoveries and stifling our national growth rate." "A tax cut means higher family income and higher business profits and a balanced federal budget. Every taxpayer and his family will have more money left over after taxes for a new car, a new home, new conveniences, education and investment. Every businessman can keep a higher percentage of his profits in his cash register or put it to work expanding or improving his business, and as the national income grows, the federal government will ultimately end up with more revenues." "In those countries where income taxes are lower than in the United States, the ability to defer the payment of U.S. tax by retaining income in the subsidiary companies provides a tax advantage for companies operating through overseas subsidiaries that is not available to companies operating solely in the United States. Many American investors properly made use of this deferral in the conduct of their foreign investment." "In short, it is a paradoxical truth that ... the soundest way to raise the revenues in the long run is to cut the rates now. The experience of a number of European countries and Japan have borne this out. This country's own experience with tax reduction (nine years ago) has borne this out. And the reason is that only full employment can balance the budget, and tax reduction can pave the way to that employment. The purpose of cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous, expanding economy which can bring a budget surplus." Are you afraid of the attribution? (Hint: google works) -- Nom=de=Plume |
Great minds on tax cuts...
wrote in message
... On Sat, 7 Nov 2009 21:33:50 -0800, "nom=de=plume" wrote: Are you afraid of the attribution? (Hint: google works) I never heard of the guy. One thing that strikes me is deficit spending only works if it actually creates LONG TERM jobs for marginally qualified people. Things like clunker employ a factory for a month, then what? That is the classic "give a man a fish". We better find something we can make here ... fast. It's also about infrastructre renewal. This is what FDR did and it was working. The clunker program worked in a short term way, but you're right, we need more long-term projects. The stim plan does have provisions for infrastructure spending, and the money is starting to arrive. -- Nom=de=Plume |
Great minds on tax cuts...
On 11/8/09 2:16 PM, nom=de=plume wrote:
wrote in message ... On Sat, 7 Nov 2009 21:33:50 -0800, "nom=de=plume" wrote: Are you afraid of the attribution? (Hint: google works) I never heard of the guy. One thing that strikes me is deficit spending only works if it actually creates LONG TERM jobs for marginally qualified people. Things like clunker employ a factory for a month, then what? That is the classic "give a man a fish". We better find something we can make here ... fast. It's also about infrastructre renewal. This is what FDR did and it was working. The clunker program worked in a short term way, but you're right, we need more long-term projects. The stim plan does have provisions for infrastructure spending, and the money is starting to arrive. We could have the unemployed round up the obstructionist Republicans/Conservatives and... Naw. Too German... |
Great minds on tax cuts...
Lu Powell wrote:
"It is a paradoxical truth that tax rates are too high and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now ... Cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous, expanding economy which can bring a budget surplus." "Lower rates of taxation will stimulate economic activity and so raise the levels of personal and corporate income as to yield within a few years an increased - not a reduced - flow of revenues to the federal government." "In today's economy, fiscal prudence and responsibility call for tax reduction even if it temporarily enlarges the federal deficit - why reducing taxes is the best way open to us to increase revenues." "It is no contradiction - the most important single thing we can do to stimulate investment in today's economy is to raise consumption by major reduction of individual income tax rates." "Our tax system still siphons out of the private economy too large a share of personal and business purchasing power and reduces the incentive for risk, investment and effort - thereby aborting our recoveries and stifling our national growth rate." "A tax cut means higher family income and higher business profits and a balanced federal budget. Every taxpayer and his family will have more money left over after taxes for a new car, a new home, new conveniences, education and investment. Every businessman can keep a higher percentage of his profits in his cash register or put it to work expanding or improving his business, and as the national income grows, the federal government will ultimately end up with more revenues." "In those countries where income taxes are lower than in the United States, the ability to defer the payment of U.S. tax by retaining income in the subsidiary companies provides a tax advantage for companies operating through overseas subsidiaries that is not available to companies operating solely in the United States. Many American investors properly made use of this deferral in the conduct of their foreign investment." "In short, it is a paradoxical truth that ... the soundest way to raise the revenues in the long run is to cut the rates now. The experience of a number of European countries and Japan have borne this out. This country's own experience with tax reduction (nine years ago) has borne this out. And the reason is that only full employment can balance the budget, and tax reduction can pave the way to that employment. The purpose of cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous, expanding economy which can bring a budget surplus." Your tax cut method to prosperity has been discredited. If it were so, Bush wouldn't have left office with a 1.2 trillion dollar debt after starting off with a huge surplus. It was good for those who ran through the treasury barefoot and had a party with YOUR money, but you don't seem to care, as long as it was stolen by a Republican money redistributing machine. Give to the rich! That'll make me rich too! In short: What they left behind isn't prosperity, but debt. Why you continually throw stones at everyone except Bush amazes me. He deserves it. Obama is our only hope when the best you guys can do is bring us Sara Palin. |
Great minds on tax cuts...
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Great minds on tax cuts...
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Great minds on tax cuts...
On Sun, 08 Nov 2009 21:23:02 -0500, BAR wrote:
$1.2 Trillion dollars in 9 months dwarfs all of the debut from Bush's 8 years In point of fact, that is just not true. Bush added $5 trillion to the debt. |
Great minds on tax cuts...
UPDATE UPDATE UPDATE UPDATE: See below "Jim" wrote in message ... BAR wrote: In article , says... Your tax cut method to prosperity has been discredited. If it were so, Bush wouldn't have left office with a 1.2 trillion dollar debt after starting off with a huge surplus. My financial adviser has yet to tell me that the best way for me to pad my retirement account is to go into debt. I haven't heard anybody in the financial industry tell people that they need to go further debut to prevent themselves from going bankrupt. It was good for those who ran through the treasury barefoot and had a party with YOUR money, but you don't seem to care, as long as it was stolen by a Republican money redistributing machine. Give to the rich! That'll make me rich too! $1.2 Trillion dollars in 9 months dwarfs all of the debut from Bush's 8 years In short: What they left behind isn't prosperity, but debt. True. But, you can't get out of debt by going further into debt. Many people have tried and have a bankruptcy on their credit report that hangs heavily over all of their fanancial affairs for the rest of their lives. Why you continually throw stones at everyone except Bush amazes me. He deserves it. Obama is our only hope when the best you guys can do is bring us Sara Palin. Bush was stupid to keep the veto pen in his desk. Obama is a tax and spend liberal in the worst way. The fact that you can't see is all of our problem. Obama will be the downfall of all of us. The sooner we get someone like Palin in office who expouses personal responsibility the better off we all will be. You're wasting your breath arguing with these bozos here on rec.boats. They are still trying to crucify Bush instead of concentrating on fixing the real problem, which is Obamas entourage and the entire congress. We should be able to address part of the problem next November. And if obama doesn't shape up he will be out too. Palin couldn't be any worse than what we have now. I no longer argue with the bozo Dims. The quotes in my original post was from speeches by John F. Kennedy, made to Congress and other groups between 1961 and 1963. His positions were prophetic and correct. It was tragic he didn't live long enough to see the benefits of his foresight. Too bad the largesse from his tax cuts was spent on LBJ's Vietnam war and his Great Society. Too bad the Dims continue to engage in class warfare for their own sake, and contrary to what is good for the country. |
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