Why is it when the "BUSH TAX CUT" is about to expire Republicans forget about the deficit?
They harp every time a program requires money, like the critically needed extension to the unemployment benefits, claiming they need to balance the budget. However, when the REDUCTION in TAX RATES for the WEALTHY, which only passed under BUSH because they were supposed to be TEMPORARY (and by the way NEVER achieved the goals claimed by the Republicans), are now claiming we should not "raise" taxes (they are great at semantics and spin). Not only is the elimination of the ORIGINAL WINDFALL TAX BREAK FOR THE WEALTHY, the best thing for potentially "balancing the budget", which they always claim to espouse, but it simply conforms to the LAW as passed. Bringing something back to the original level is NOT the same as raising it. It should be noted that for all of the Republican ranting about "balanceing the budget" and "fiscal responsibility" the DEFICIT / NATIONAL DEBT has grown during EVERY Republican Presidency for the last 50 years. Only an IDIOT would believe their rhetoric on that issue at this point, given their track record. What our Tax Code needs to do is bring the "Middle Class" back to level. SInce the imposition of the Bush Tax CUTS, the size and prosperity of the Middle Class in the USA has fallen, while the proportional wealth of the "Super-Wealthy" has skyrocketed. We are tired of the attempts to be "trickled down" upon by FAILED Republican theories. "Me" If the 13% is applied to the Wealthiest people in the country, it will raise FAR MORE REVENUE, than anything else!!! "WHUT UP CHICKEN BUTT" Tax Cuts may raise INCOME of those effected, but it ALWAYS reduces REVENUE to the Govt coffers. "WhoIsJoh... " How does choosing NOT to give the RICH a TAX BREAK make me a Marxist? I just want them to bring down the deficit! Start by getting out of Iraq and Afghanistan (Kill Bin Laden first and to HELL with the consequences!)
Asked By: Fittings Doc - 7/25/2010
Best Answer - Chosen by Asker
Please note the answers above that repeat the demonstrably false corporatist line: taxes do not increase revenue, but tax cuts--along with cuts in spending (code for spending on education, job creation, housing, food, medical care--the total not approaching what we lose on taxes not collected) balance our budget and... More
Answered By: capixaba - 7/25/2010
Additional Answers (7)
Selective Memory, that's how! ======================== BREAKING NEWS: Tax Cuts Can Now Cure Cancer! More details at 6PM on Fox News
Answered By: FLSwampBoy - 7/25/2010
If the Bush tax cuts expire as scheduled the lowest paid taxpayers will see a tax increase of 50%. From 10% to 15%. The "rich" peoples tax will rise from 35% to 39.6% or approx 13%. Which is higher 50% or 13%? So who really got the biggest tax cut from the Bush tax cuts?
Answered By: Me - 7/25/2010
...every time the Tax rate is reduced, the Government always winds up with an increase in the coffers... and the Liberal Experts are always mystified by this... More
Answered By: prancinglion - 7/25/2010
Tax cuts generate revenue and jobs allowing them to expire will reduce revenue and lose jobs.
Answered By: WHUT UP CHICKEN BUTT - 7/25/2010
Trust me, we won't forget. Obama is a constant reminder that the deficit for this year will be 1.47 trillion. I've already come to terms with our loss of the Bush tax cut and I'm not rich.
Answered By: Huevos Rancheros™ - 7/25/2010
I give a **** about the deficit. We need money and we're barely making it. We're not welfare libbs or rich libbs, we're the working Americans that the Democrats live to **** over.
Answered By: One Ugly Kitty - 7/25/2010
Deficits are caused by spending that outpaces revenues. Income taxes are only a part of government revenue stream. All revenue sources are depressed in recession. How many have you been focusing on? Marxist much?
Answered By: WhoIsJohnGaltCom - 7/25/2010
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
Legitimate Survey for Cash.Extra Money for You,Join Here!
Find All Jobs Hiring in Your Area. Hiring Immediately - Apply Today!
Shop Online or Sign Up To Sell AVON & Earn Fast Cash Today!
Other Career Questions
Do most mechanical engineering jobs offer job security?
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...
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.