09-09-2003, 06:41 PM
1. Check what the definition of "rich" is in this tax code before you start on them.
2. Any tax cut is an economic stimuls package because it gives individuals more money in their pocket. That increases spending. I give you $100. What are you going to do? Spend it? Great. economic stimulus. Put it in the bank? Great. increases the money supply by $1,000, allows for business, home, or personal loans: economic stimulus. Dig a hole and put it in the ground for savings? OK. Then and only then is there no economic stimulus.
Doesn't matter what tax braket you are in.
Conservatives aren't the ones who are looking to increase spending. Sure, during war time and even in peacetime, conservatives tend to love throwing money at defense spending. But aside from that it is always liberals who are looking to fund countless different social programs where the government does everything.
That was the problem during the 80s. Reagan cut taxes significantly, which (contrary to your thought) increased tax revenue. However, spending was never decreased. Bush tried to "cut" spending (actually meaning slowing the growth of....but whatever) when he passed the big tax cut and the democrats in Congress wouldn't allow it.
Don't you remember how evil he was for wanting to cut medicare and throw all the elderly on the street?
2. Any tax cut is an economic stimuls package because it gives individuals more money in their pocket. That increases spending. I give you $100. What are you going to do? Spend it? Great. economic stimulus. Put it in the bank? Great. increases the money supply by $1,000, allows for business, home, or personal loans: economic stimulus. Dig a hole and put it in the ground for savings? OK. Then and only then is there no economic stimulus.
Doesn't matter what tax braket you are in.
Conservatives aren't the ones who are looking to increase spending. Sure, during war time and even in peacetime, conservatives tend to love throwing money at defense spending. But aside from that it is always liberals who are looking to fund countless different social programs where the government does everything.
That was the problem during the 80s. Reagan cut taxes significantly, which (contrary to your thought) increased tax revenue. However, spending was never decreased. Bush tried to "cut" spending (actually meaning slowing the growth of....but whatever) when he passed the big tax cut and the democrats in Congress wouldn't allow it.
Don't you remember how evil he was for wanting to cut medicare and throw all the elderly on the street?