http://blogs.reuters.com/james-pethokoukis/2010/12/08/economists-weigh-in-on-obama-gop-tax-deal/ Politics and policy from inside Washington Sun, 07 Apr 2013 21:23:48 +0000 hourly 1 http://wordpress.org/?v=3.4.2 http://blogs.reuters.com/james-pethokoukis/2010/12/08/economists-weigh-in-on-obama-gop-tax-deal/comment-page-1/#comment-10394 Inugomontoya Thu, 23 Dec 2010 02:11:44 +0000 http://blogs.reuters.com/james-pethokoukis/?p=5277#comment-10394 You don't have to print the nutty Gitlitz statement so often in comments: that repetition of inane propaganda is pure Jos. Goebbels stuff. Come to think of it, Gitlitz' doctrinaire, thought-deprived opinion is also pretty Nazi-oid. Like the other Nazis, he needs a truth squad, so here's the non-Nazi take on it: 1- tax hike/extension didn't do much anyway for last 10 years: wages stagnant, real growth trivial, deficit blown out since at best 1/3 of a tax cut is retrieved as taxes (and most of that thru bracket-creep). 2- speaking of creeps, Gitlitz is also wrong about pricing in tax "cuts": biz always has an eye on taxes, but as one of the wiser commentators mentioned,it's more about opportunity and perceived risk (as in nonimpact of accelerated depreciation schedules). 3- since "cuts" have been there for 8-10 years, they have little impact other than the dramatically huge extension of cap gains break. 4- So why does Pethokoukis bring in crackpot economists -- is Gitlitz the Nazi the ringer, kinda like every village needs its idiot? You don’t have to print the nutty Gitlitz statement so often in comments: that repetition of inane propaganda is pure Jos. Goebbels stuff. Come to think of it, Gitlitz’ doctrinaire, thought-deprived opinion is also pretty Nazi-oid. Like the other Nazis, he needs a truth squad, so here’s the non-Nazi take on it: 1- tax hike/extension didn’t do much anyway for last 10 years: wages stagnant, real growth trivial, deficit blown out since at best 1/3 of a tax cut is retrieved as taxes (and most of that thru bracket-creep). 2- speaking of creeps, Gitlitz is also wrong about pricing in tax “cuts”: biz always has an eye on taxes, but as one of the wiser commentators mentioned,it’s more about opportunity and perceived risk (as in nonimpact of accelerated depreciation schedules). 3- since “cuts” have been there for 8-10 years, they have little impact other than the dramatically huge extension of cap gains break. 4- So why does Pethokoukis bring in crackpot economists — is Gitlitz the Nazi the ringer, kinda like every village needs its idiot?

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