If a dem gets elected and raises taxes would the economy suffer?
And if so why? If not why not? sSupercritic........Listen to your candidates and your leaders in Congress........they have all promised to raise taxes. Not my fault they all want to raise one tax or another. Lettie D.....Have you or your husband ever work for a poor man? What happens when it makes more money to leave it in stocks or bonds than it is to expand your company?
Asked By: poet756 - 12/30/2007
Best Answer - Chosen by Asker
I wanted to read what others thought before writing my piece. As an investment banker working mostly with small businesses I was amused at some of the answers... More
Answered By: Brandon A - 12/31/2007
Additional Answers (17)
Why do you automatically assume they will raise taxes...cause you glorious leader told you so? haw many times have they lied to you. Don't forget she will have two hundred million dollars a week to play with then we get out of the Iraq civil war.
Answered By: sSuper critic - 12/30/2007
If Democrats raise taxes at all, it will be on the rich... More
Answered By: Lettie D - 12/30/2007
YES!!!! I am a small business owner and have two full time employees and a few contractors. If taxes go up, I can't afford to give them bonuses and pay raises. They in turn will pay more taxes on the income I pay them, which will reduce their buying power they previously had which means not as much shopping... which... More
Answered By: King Arthur - 12/30/2007
Keep in mind, that allowing for inflation, republicans have historically had the highest tax increases. Bush is stupidly trying to cut taxes and fund a war at the same time. that just doesn't work. Taxes are a fact of life and increased is part of that... More
Answered By: David L - 12/30/2007
Historically the economy does better with a Democratic president than a Republican.
Answered By: glworden - 12/30/2007
Historically, Democrats do raise taxes. Of course, it's impossible to predict the future, but how else could they pay for all the government programs (such as socialized medicine) that they want to start... More
Answered By: tigglys - 12/30/2007
If a Dem. gets elected, We'll ALL suffer...taxes, economy quality of life, jobs, health care; ...especially from that crew running this year
Answered By: papaw9446 - 12/30/2007
let's see... when it was time to vote for Governor in Michigan, granholm got in again and raised taxes...how is the economy in Michigan? horrible... our state is in it's own recession... w*f...
Answered By: actuary0424 - 12/30/2007
What in the world do you think taxes are, what do you think they are for? They pay for our infrastructure, they pay for our police, for our fireman, for our roads and highways, etc. etc. etc., With the Republicans none of that is being paid for, everything is going to crap. Are you aware that China owns America? Bush... More
Answered By: Wayne - 12/30/2007
I don't think we will suffer, actually it a Democrat who straiten out our Country; Remember Bill Clinton.
Answered By: chrl_parker - 12/30/2007
This is just one of the problems, them money grabbers are vicious, and we have not seen anything yet, if this happens.
Answered By: lilly4 - 12/30/2007
Either way we are in trouble. Increase taxes will hurt the economy. Borrowing more money to avoid taxes devalues the dollar as we have seen recently. What we really need to do is cut spending drastically and that is what Ron Paul wants to do.
Answered By: Dennis Fargo - 12/30/2007
The economy for most Americans now is bad to horrible... More
Answered By: TheEmporer'sNewClothes - 12/30/2007
people tend to think that if taxes are raised the economy would suffer but that is not necessarily true. the gov. impliments certain fiscal and monetary policies that involve taxation to help regulate and stable the economy as best they can without taking control over the mixed market economy that we have in the US. it... More
Answered By: Laura T - 12/30/2007
They are only going to raise taxes on multi-millionaires and corporations that try to hide their money in the Cayman Islands. The mega rich have you brainwashed stop repeating their propaganda
Answered By: D C - 12/30/2007
Without a doubt. The first person to answer asks why do you think they will automatically raise taxes. Well let's see. Each one has promised it and tried to sell it to us as our civic duty. Slick Willy enacted the biggest single tax increase in our nations history.
Answered By: wcowell2000 - 12/30/2007
If the Democrats do so, it is to SAVE the economy... More
Answered By: carterchas - 12/31/2007
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
Click. Search. Apply. Free!
Earn residual on products and services customers uses daily at home.
Jobs hiring near your local area. Part-time, Full-time, Work at home.
Other Career Questions
What is your current job? Why did you choose this job? What do you enjoy about your job? What do you dislike about your job? What would be your perfect job? Would you rather have this j...
Where are the jobs? Is productivity and globalization creating a permanent “recession” of jobs? My main issue is I am doing a paper for school and have no idea where to begin. I was hoping suggestions...
Hi ok im 19 and about to start college to do an acess course into a university. Ive been browsing through all the courses and im tottaly stuck! I thought politics but im scared ill end up with some r...
Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.
Best-Paying Work-from-Home Jobs
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
2013 Engineering Jobs Outlook
Engineers will find job opportunities in select disciplines in 2013, with candidates who are all-around, client-oriented businesspeople in demand.
Best-Paying Jobs by Major
What could you earn with a particular four-year degree? Find out by checking out this list of the top-paying jobs for 20 of the most common majors.
Eight High-Paying, Secure Jobs
Want to earn a good salary and enjoy a measure of job security as well? Check out these well-paying jobs on tap for fast growth in the coming years.