Sorry, I don't really get your logic on this one. Apparently you didn't read the materiel.

Originally Posted by dklassen

Sorry, I don't really get your logic on this one. Apparently you didn't read the materiel.

These tax cuts didn't spur growth or create jobs when they were first introduced. You asked how a tax increase will create new jobs....my question is only the reverse...How many jobs will be created now by these more than 8 year old tax cuts.....Surely that should be easy to answer.

All your answers are right here. It's an easy read.

The economic benefits of ERTA were summarized by President Clinton's Council of Economic Advisers in 1994: "It is undeniable that the sharp reduction in taxes in the early 1980s was a strong impetus to economic growth."

http://www.house.gov/jec/fiscal/tx-g...t/reagtxct.htm

Originally Posted by cologal

These tax cuts didn't spur growth or create jobs when they were first introduced. You asked how a tax increase will create new jobs....my question is only the reverse...How many jobs will be created now by these more than 8 year old tax cuts.....Surely that should be easy to answer.

Many employers are playing the "wait and see" game. Many stopped hiring and in fact started "laying off" when Obama got the democrat nomination for president. I suspect that if nothing is done and taxes increase by default, you will, indeed see a double dip recession or a true depression.

Bush 4.7% unemployment (seven years)

Obama 10% unemployment (18 months)

What a lot of people don't understand is that the unemployment rate rising is not primarily due to a loss of jobs but to a dearth of "new jobs". Our economy has to have a constant increase in jobs as our population is ever increasing and more people join the workforce than leave it.

What tax cuts do is encourage investment and growth and job creation. Tax increases and the threat of new more onerous taxes in the future stifle investment and corporate expansion and entrepreneurship.

http://gatewaypundit.firstthings.com...-to-hell-plan/

Originally Posted by RichieLion

What a lot of people don't understand is that the unemployment rate rising is not primarily due to a loss of jobs but to a dearth of "new jobs". Our economy has to have a constant increase in jobs as our population is ever increasing and more people join the workforce than leave it.

What tax cuts do is encourage investment and growth and job creation. Tax increases and the threat of new more onerous taxes in the future stifle investment and corporate expansion and entrepreneurship.

http://gatewaypundit.firstthings.com...-to-hell-plan/

For many years this economic theory has been widely accepted by one political party. Certainly these tax cuts did nothing to create jobs or stir growth considering that in the end this country faced the biggest financial disaster since the Great Depression.

Corporations enjoy great tax breaks from state and local scorces as well as the transfer price loophole. Transfer price allows them to transfer profits offshore and pay little to no US taxes. Aw the Global Economy at its best.

These cuts were sold as temporary to stimulate growth....time's up

Originally Posted by cologal

For many years this economic theory has been widely accepted by one political party. Certainly these tax cuts did nothing to create jobs or stir growth considering that in the end this country faced the biggest financial disaster since the Great Depression.

Corporations enjoy great tax breaks from state and local scorces as well as the transfer price loophole. Transfer price allows them to transfer profits offshore and pay little to no US taxes. Aw the Global Economy at its best.

These cuts were sold as temporary to stimulate growth....time's up

Sorry, you're basing your argument on flawed logic. It's not a theory but proven fact, over and over again. What you and others can't bring themselves to accept is that individuals are able to survive and prosper by their own sweat, blood and tears, without government bailing them out. Bush was wrong to cave in and compromise with the TARP, we admit it. Corporations don't pay taxes, people do. Government doesn't create jobs, people and companies do. Nobody ever got a job from a poor person. As far as the Financial disaster goes, three words, Dodd, Frank, Obama. Those three had the biggest hand in creating the mess at Fannie Mae and Freddie Mac. Maybe they didn't do the dirty deeds, but they certainly kept anything from being done about it until they got theirs out of it. Compromise and bipartisianship does NOT mean "Do it MY way, because I'm in power". It should mean; put all ideas on the table, then choose to use what is best, no matter who proposed it. And don't get me started on Obama's petulant whining that it's all the republican's fault he can't advance his progressive agenda.

Originally Posted by cologal

I could ask the same about any society who tax cut itself back into prosperity? Regan had to increase taxes......least you forget.

care to back that up with fact, not rhetoric?

That's all the left has is rhetoric. Liberalism fails every time it's tried. It's based on nothing more than feelings and centralized government command and control. Actual results and outcomes are meaningless. They mean to rule, not lead.

Originally Posted by dklassen

That's all the left has is rhetoric. Liberalism fails every time it's tried. It's based on nothing more than feelings and centralized government command and control. Actual results and outcomes are meaningless. They mean to rule, not lead.

Originally Posted by dklassen

That's all the left has is rhetoric. Liberalism fails every time it's tried. It's based on nothing more than feelings and centralized government command and control. Actual results and outcomes are meaningless. They mean to rule, not lead.

I hope everybody enjoyed their "Freedom from Europeanism Day"

Originally Posted by Pats2010

I hope everybody enjoyed their "Freedom from Europeanism Day"

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Originally Posted by RichieLion

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I read that today somewhere. I'm assuming it means freedom from England? It has a good ring to it, huh?

Originally Posted by cologal

If I remember correctly these tax cuts were put in place to stimulate jobs and growth. In fact I believe they were called Jobs and Growth Tax Relief Reconciliation Act of 2003. They were intended to be temporary.

But we all know the jobs never came......

http://www.americanprogress.org/issu...recession.html

What kind of person wants higher taxes? Why?

Yoda