Do Tax Cuts Work?

[MonsterMark]

I'll let you decide. The liberal argument is that tax cuts don't work. That the government takes in less money because we are giving money to the rich.

Anybody on the Left care to refute these figures? I have the popcorn and sodi-pop ready!

http://www.fms.treas.gov/mts/mts.pdf


Figures are in ($$millions)
...........................Receipts............... Outlays................Deficit
Bush 63 months.....10,236,284..........11,673,940......... .. 1,437,659
Monthly Average........162,481..............185,301....... .........22,820

Clinton 96 months...12,563,167..........12,768,744........... ..205,575
Monthly Average.........130,866..............133,008...... ...........2,141

As you can clearly see, treasury receipts under Bush have gone up an average of 25% over the past 63 months of the Bush administration vs the average of 96 months under Clinton. Clinton RAISED taxes, Bush lowered them. Bush inherited a recession and we have been at war for the last 3 years, Clinton sucked off the internet boom.

Sorry Johnny, once again the liberal lie is revealed. Tax cuts increase cash flowing into the treasury and expands the ecomomy long term. Tax increases may provide a short-term boost but are more than offset by a slowing of receipts and leads to a recession after 2-3 years. (see Bush1 tax increase)

So EXACTLY the OPPOSITE of what you claim has actually happened. Without the tax cuts, we would really be in for a hurting. Wait, we still have 2-1/2 more years of Bush. Watch the treasury receipts boom along with the economy. Of course, we'll bring in a a-hole Dem in '08 who will grab all the credit and the media will pump him up as the great savior when the truth has been under our nose the whole time but nobody will tell it to the American people.


I gave you the link to
www.fms.treas.gov
which happens to be the Bureau of the United States Department of the Treasury.

Bush will top $16 trillion in tax receipts during his administration, blowing away Clinton by over $4 trillion. So much for tax cuts being bad for the American people.

 

[Conti94]

Bush Will Top 16$ trillion in tax reciepts during his administration

I will beleive it when I see it, If it happens my applause goes to him.

[Edited: I pulled my lib comment so I yanked yours. Thanks for keeping this thread clean]

A interesting Post Bryan, But could you show the decrease for the categories? Such as the decrease in property tax etc. etc. Cause the property Tax here seems to just get higher not lower. Not to mention the huge inflation in property prices. Cook County is now the second most expensive county to live in in the nation. Many say it's due to the high property taxes.

Now I ask you Bryan, why is it that people are saying this?

 

[JohnnyBz00LS]

A interesting Post Bryan, But could you show the decrease for the categories? Such as the decrease in property tax etc. etc. Cause the property Tax here seems to just get higher not lower. Not to mention the huge inflation in property prices. Cook County is now the second most expensive county to live in in the nation. Many say it's due to the high property taxes.

Now I ask you Bryan, why is it that people are saying this?

You see, the GOP only wants you to focus on INCOME tax cuts implemented by BuSh. Don't pay any attention to the man behind the curtain (i.e. property tax increases, sales tax increases, fuel taxes increasing - which is based on $$ not gallons, and any of the zillion other little taxes that have bumped up over the last 5 years).

 

[Conti94]

You see, the GOP only wants you to focus on INCOME tax cuts implemented by BuSh. Don't pay any attention to the man behind the curtain (i.e. property tax increases, sales tax increases, fuel taxes increasing - which is based on $$ not gallons, and any of the zillion other little taxes that have bumped up over the last 5 years).

AH, I see so Bush could care less about all other forms of Taxes. So he cuts the income tax and says have a nice day??? hmmmm this sounds kind of beleiveable because all our property, fuel, liqour, tobacco, sales taxes etc. just keep on going up.

Well Johnny has given me an answer to the question, although without written proof or an article as everyone seems to bash un written proven wateverish posts on here. Wait I don't need written proof cause I am living where the taxes just keep climbing. WHADDDAYA KNOW!!!!

Bryan can you prove johnny's answer wrong. Can you prove to me that Bush and the Republican supporters care about our increasing taxes? I really would like to see some proof. Thank you.

 

[MonsterMark]

You see, the GOP only wants you to focus on INCOME tax cuts implemented by BuSh. Don't pay any attention to the man behind the curtain (i.e. property tax increases, sales tax increases, fuel taxes increasing - which is based on $$ not gallons, and any of the zillion other little taxes that have bumped up over the last 5 years).

I can't believe I am hearing this. Republicans are the ones that vote for property tax, sales tax and fuel tax increases? Really.

I'll need soem time to pull together legislative action on the part of both party's. Wow.

Property taxes are a function of local government. You can go to your local City Hall and get a report on how the city spends its money. I bet you the schools suck up 60-65% of the budget.

Sales tax increases? Look to county and state budgets for that. Everytime they want a new train system or some other bogus system or stadium, whatever, they will reach into your pocket. I agree with that. But fingering Repubs for that? Doubt it.

Gas taxes? Big government, big lobbyists. Wasteful spending. You name it.

Got to run. Work to do.

 

[MonsterMark]

Conti, this should entertain you for a few hours.

http://www.gop.com/Taxday/

 

[Conti94]

I can't believe I am hearing this. Republicans are the ones that vote for property tax, sales tax and fuel tax increases? Really.

I'll need soem time to pull together legislative action on the part of both party's. Wow.

Property taxes are a function of local government. You can go to your local City Hall and get a report on how the city spends its money. I bet you the schools suck up 60-65% of the budget.

Sales tax increases? Look to county and state budgets for that. Everytime they want a new train system or some other bogus system or stadium, whatever, they will reach into your pocket. I agree with that. But fingering Repubs for that? Doubt it.

Gas taxes? Big government, big lobbyists. Wasteful spending. You name it.

Got to run. Work to do.

There we go now thats an answer I am looking for. Thank You. Very true. How can the government (the federal gov.) decrease taxes if the state governments don't do the same thing? Most of the schools do suck the money up around here very true, mostly because they are educating all the illegals and can't afford to educate them without extra cash after all the illegals get free eduacation since they don't pay taxes. sheesh!!

Here in lies the problem of political debate it's all connected in some way, you can't argue only one point without another being thrown in. They are all one big problematic ball of wax.:shifty:

Now a question for all. What would you do to fix the problem??? How would you get the states to cooperate and decrease taxes??? Bryan has pointed out that Bush and the Fed gov are trying. Kudos to you Bryan. But Who does the fed gov get the State gov's to cooperate??? come on let's here some ideas people.

 

[Conti94]

Conti, this should entertain you for a few hours.

http://www.gop.com/Taxday/

Interesting site, The music is a little to dramatic though like a republican trying to hoard money, or a Democrat trying to give everyone a flower to cure the world.


Bryan I already know this, I know the Gov is trying, I understand that the cuts have bennefitted families, But you said it yourself, the state gov. have to cooperate right?? So how would you and others try and get them to do this???