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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
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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
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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.
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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
 
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