Comments on: 5 reasons why the Tea Partiers are right on taxes

By: alvagoldbook

alvagoldbook — Mon, 07 Jun 2010 20:19:37 +0000

This guy seems to be confusing economic growth with creating an economic bubble.

The simple reality is that tax increases lead to higher GDP growth and lower unemployment. And cutting taxes lead to lower GDP growth and higher unemployment.

Take a look at the stark reality yourself.

http://img27.imageshack.us/img27/3633/ta xrates.jpg

By: CDNrebel

CDNrebel — Mon, 19 Apr 2010 20:07:39 +0000

You guys just don’t get it… the reason for the massive expansions during the period of 1982-2007 and 1921-1929 wasn’t some miracle caused by lower taxation; it was because beginning at those points, interest rates were hacked and slashed followed by borrowing going through the roof!(gov’t and private sector) Cutting taxes is a political move to gain political favour, with the ultimate result being the gov’t has to borrow more to cover the losses. There is no true economic gain, it’s just a mask. And as for Obama being socialist by raising taxes, taxes are essentially coming off 100 year lows in America, and his increases are minimal at best. Get your heads outta your asses and realize that your $70T debts need to be paid and it won’t be paid by not taxing. Cuts are very important too, but no politician in America has the stones to do that anytime soon, so DEAL WITH IT! Wanna kill the deficit? Get far far away from Iraq. There’s $500B back in your pockets every year. It’s only an illegal war based on prejudice and lies.

By: AminCad

AminCad — Sat, 17 Apr 2010 04:42:45 +0000

Great article.

By: mtkennedy1

mtkennedy1 — Fri, 16 Apr 2010 19:51:28 +0000

The best example is never used. That is the depression after World War I. Harding and Coolidge took over in March 1921 with the country in the worst collapse since the Panic of 1873, perhaps worse. They cut taxes and cut government spending. The recovery was prompt.

http://en.wikipedia.org/wiki/Depression_ of_1920–21

In 1929, the stock market crashed and President Hoover, a Progressive like Wilson, signed the Smoot-Hawley Tariff, raised government spending and when revenues collapsed, raised taxes. The Great Depression followed and Roosevelt continued Hoover’s policies. The country did not recover until 1946.

By: tgambogi

tgambogi — Fri, 16 Apr 2010 19:46:59 +0000

Unless the POTUS and every living and dead liberal wants us to live in a socialist state. #6 Low taxes keeps manufacturing in the USA #7 Low taxes means less government and that is always a good thing #8 Low taxes means less government spending because they have less to “give” away #9 Low taxes means more for non profit agencies that help the poor #10 Low taxes means doctors remain doctors and don’t quit with socialized healthcare

By: Gotthardbahn

Gotthardbahn — Fri, 16 Apr 2010 18:46:37 +0000

You guys voted Obama in, so vote him out come November. Problem solved.