#2969764 - 10/05/12 10:48 AM
Re: Heard these on Phil Valentine Show
[Re: Snake]
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Phil Valentine
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Registered: 10/05/12
Posts: 1
Loc: Nashville, TN
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Allow me to jump in here, basset. This so-called "fact check" that says cutting taxes will result in lower revenue actually ignores history. Reagan reduced all the tax rates. The highest went from 70 percent to 28 percent. For those who don't understand how the economy works - like NPR and the Washington Post - one would assume when you drop tax rates that revenue would drop, too. It didn't. Tax cuts stimulated the economy and tax revenue between 1980 and 1990 doubled. So, to assume that Romney's tax cuts will result in less revenue is wrong. He explained it beautifully. You lower taxes and broaden the tax base, meaning you put more people back to work. More workers mean more income tax. Outlets like NPR and the Post always ignore the fact that tax reduction stimulates the economy.
No matter what one's political party one should be able to look at this problem logically and understand that more people working means more tax revenue. If that's a given fact then the only discussion left is how to get there. Logically, one doesn't create more jobs by increasing taxes. Even Obama agreed with that point a couple of years ago when he extended the Bush tax cuts. Now he's acting like he doesn't understand the concept. It's simple. Higher taxes=lower growth. Lower taxes=higher growth. Growth=jobs. Jobs=tax revenue.
Hope that helps.
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#2969771 - 10/05/12 10:54 AM
Re: Heard these on Phil Valentine Show
[Re: Phil Valentine]
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Pic IN the Casa
12 Point
Registered: 03/18/11
Posts: 5926
Loc: TN
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Atta Boy Phil,
Tell Luther we said 'HEY'.
_________________________
Everyone who does evil hates the light, and will not come into the light for fear that their deeds will be exposed. John 3:20
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#2969910 - 10/05/12 12:54 PM
Re: Heard these on Phil Valentine Show
[Re: Crappie Luck]
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Crappie Luck
Non-Typical
Registered: 01/29/03
Posts: 56044
Loc: Smith Co.
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PS, welcome to the site, Phil
_________________________
Compromise is surrender on an installment plan
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#2970107 - 10/05/12 04:55 PM
Re: Heard these on Phil Valentine Show
[Re: Crappie Luck]
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fishboy1
14 Point
Registered: 01/13/03
Posts: 9719
Loc: Warren Co
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Crappie,
The point of diminishing returns is right around 22%. So Laffer said in a recent radio interview.
Obomma decides to go undercover to see what the citizens really think about his plans. Donning a disguise he walks the city without his SS detail. Passing an alley a man with a gun jumps out and says "Give me all your money!"
Obomma stammers out" Uh.... I am Uh.... the president of the United States"
The robber says "Fine Give me all MY money".
_________________________
A gun in the hand is worth 2 cops on the phone. No one can name a single power the government has granted itself that hasn't been abused. Socialism is for losers http://amillerphotoevent.com
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