bush's tax plan still blows

bush's tax cuts for the rich tanked the economy by sapping the government of revenue. we're running the largest deficit in world history. usgov employs millions of americans and hires contractors and their employees to work. if the govt has to save $ by outsourcing to bopal, india and firing american workers, then the tax program has gone sour.

so bush removed jobs with his tax cut. what positive things has the tax cut done? very little. the refunds to most families was a few hundred dollars. that was easily eaten by increased state and local taxes in response to less funding on federally mandated programs and by the slow economy the cuts produced. it gave plenty of money back to the rich but they likely spent it on luxury and foreign items like british jaguars and beachfront property and vacations in the caymans. hardly the kind of demand that creates solid american jobs.

jobs are created by demand. companies hire people to produce products and services that many people want. appliances, electronics, automobiles, machinery, construction, and skilled labor jobs like teachers and doctors. if you give tax cuts to the poor and middle class they will buy common local goods and services, improving local economies and spurring companies to produce more goods and services to meet this market demand and hire more workers.

who would benefit most from these tax cuts? those struggling to stay above the poverty line and common workers. that rent and those groceries will produce more american jobs with local goods and services and improve local quality of life.

[Suburbanite]

In terms of rules here we like to present our topics with sophistry, those last two paragraphs were unnecessary and there isn’t much of a “debate” topic being started here either, just baiting a flame war. Please edit it.

ok.

it just seems to me that bush has produced a long string of blunders in the economy, society, and world politics. i find it hard to believe that he doesn't know what he is doing and that his goals are counter to mine in some important respects. i also abhor his methodology.

[RightThinker]

The tax-cut worked and the numbers confirm it. People who wanted them to fail turn a blind eye and just act like they didnt help everyone.

WorldNetDaily
Smartmoney.com

I cant find the article I was looking for but I am sure if you are curious you can find it with a little work,

the numbers confirm that the tax cut was ridiculously bad. i do not know what numbers you are looking at. years of job loss, stagnating economy, monumental deficit. all 50 states went bankrupt at once. that's a presidential first. bush is an economic dunderhead.

the growth rate you are quoting was over 3 months. not 3 years. if you want to cut taxes so you can get one good quarter out of 12, i reject your plan.

"GDP growth in the first quarter of 2002 was subsequently revised down to a merely orange-hot 5% — which was largely caused by accounting legerdemain that treated the quarter-over-quarter reduction in inventory liquidations as though it were actual growth."

call it growth from your end if you like. where's the jobs? where's the increase in average worker salary? where's the increase in quality of life? it's just not materializing. oh, i mean still not materializing. sorry.

[Impenitent]

CUT TAXES MORE and KILL THIEVES

[dotcoma]

Tax cuts for corporations aren't necessarily bad. ANY tax burden gets passed on to the consumer. Period. Rich people are good for the economy. If there were not rich people to buy items before they are cheap enough for the masses, business would not have the capital to develop reasonably priced goods later on. The problem is corporate corruption and looting of public wealth when books are cooked and people think their money is safe when in actuality, the real assets have been funneled into unknown places. OUR GOVERNMENT HAS BEEN HIJACKED BY PIRATES!

[Suburbanite]

While any Tax Burden is passed on, no tax cuts were. Trickle Down doesn't work. If company's costs go down, but the demand is the same they have no insentive to change the prices. Prices never go down, always up.

Originally posted by Suburbanite, While any Tax Burden is passed on, no tax cuts were. Trickle Down doesn't work. If company's costs go down, but the demand is the same they have no insentive to change the prices. Prices never go down, always up.

This is only true if the company in question has a monopoly. If two or more companies, competing in the same industry, there is incentive to lower prices. Whichever company can provide the same product at a lower price will gain market share and improve their bottom line. It's just basic enonomics.
Rox is correct. There is no such thing as corporate, or business income tax. All the company does is factor these taxes into their cost of production and pass it along to the consumer.

[Suburbanite]

In general however, most companies have little incentive to compete with lowering prices at an even faster rate and would still seek to take out the reduction of costs from other sources not their own pockets. That is just the way to make money, it isn't "evil" it is Capitalism, and I support it, but Government seems to miss the big picture too often.

You're right Sub. companies will try to keep their profit margins as high as possible. However, competition does have the affect of forcing companies to maintain competetive prices or face losing business.
Government does miss the big picture regarding business for a couple of reasons.
1. Career politicians and beurocrats, focus their attention in the public service arena and simply, generally speaking, don't study enough about how companies are run or how businesses operate.
2. Many politicians, and government employees, don't really like the business community seeing themselves as Knights riding in on their white horses to save the poor downtrodden from those evil corporations and rich businessmen.

[GreatWyrm of Babylon]

Bob Dobbs
Since you think that buying imports does not help our economy, I suggest you take a course in basic economics before you pass yourself off as an authority any longer.

This is the same thing as saying that if I pay you for a good it does not help me. Economics is based on trade. It does not mater if it the individual or another country. Any exchange benefits trade and therefore th economy of all parties involved, assuming a fair price was paid.

" Bob Dobbs
Since you think that buying imports does not help our economy, I suggest you take a course in basic economics before you pass yourself off as an authority any longer"

i majored in business administration once upon a time. i've had my share of economics classes. and when did i mention imports? remind me. i don't think i've said 'imports' in my career here at volconvo.

you're suggesting that trade of any kind helps everyone. that's like saying NAFTA helps america.

[GreatWyrm of Babylon]

Dobbs
You are right you never said imports, I was being a tricky devil and manipulating your statement that they buy foriegn goods to mean imports.
(Read your lead post.)

But since you are being technical:
Is there a reason you were able to site college courses, as well as a major, but no related work experience? Of course you never actually stated that you passed any of those classes either...