My dad says he has never done better financially. I have 5 brothers and sisters so right there my dad saves $2,500 just on the increase in the child tax credit. Not to mention the elimination of the marriage penatly. Why Clinton was punishing married couples I will never know. My trades a lot of stocks and my dad says Bush%26#039;s reduction in the capital gains rate is putting me %26amp; my brother through college. Thanks Mr. Bush. I will have no loans when I graduate thanks to you!
Dow Record High, On July 6, 2007, The Bureau Of Labor Statistics Released New Jobs Figures 閳?132,000 Jobs Created In June. Since August 2003, more than 8.2 million jobs have been created, with more than 2 million jobs created over the twelve months ending in June. Our economy has now added jobs for 46 straight months, and the unemployment rate remains VERY VERY low at 4.5 percent.
Are Bush%26#039;s tax cuts for WORKING people responsible for this SMOKING hot Economy?
Tax cuts work EVERY single time.
Even JFK knew this
Are Bush%26#039;s tax cuts for WORKING people responsible for this SMOKING hot Economy?
Saying Bush%26#039;s tax cuts are responsible for the economy is like saying me pissing in the ocean is responsible for high tide. The economy is cyclical and policy can affect it only minimally.
Are Bush%26#039;s tax cuts for WORKING people responsible for this SMOKING hot Economy?
Partially, they are also responsible for the 9 trillion dollar debt. They are a short term fix that the Republicans get to complain about after the Democrats do away with the tax cuts to get us out of debt.
Are Bush%26#039;s tax cuts for WORKING people responsible for this SMOKING hot Economy?
Much of the current economic boom can be attributed to the Bush tax cuts, which benefited all Americans who pay taxes.
Oh, and tax receipts are also at a record high. So, once again, lower taxes result in more tax revenue.
Are Bush%26#039;s tax cuts for WORKING people responsible for this SMOKING hot Economy?
Yes and after a record-long series of rate hikes I think it%26#039;s hard for anyone to argue that the tax cuts aren%26#039;t the reason for the strong economy.
Some argue the deficits but they%26#039;re smaller than the amount the government spends overseas - indeed on interest to foreign bondholders alone. That%26#039;s been true since %26#039;83. It means the government has no fiscal discipline but it also means that the deficits haven%26#039;t %26quot;fed the beast%26quot; Keynesian-style for a long time. That leaves money (Fed) and reinvestment of capital (rather than taxing it away). And the Fed started raising rates in mid-%26#039;04....
Cracka the tax cuts are if anything the reason why it%26#039;s not $10TN in debt - REVENUE IS UP.
Are Bush%26#039;s tax cuts for WORKING people responsible for this SMOKING hot Economy?
Save your pennies.
It will change in 2009.
Are Bush%26#039;s tax cuts for WORKING people responsible for this SMOKING hot Economy?
You said it. Bush doesn%26#039;t deserve 100% credit - the folks that work their asses off everyday do. However the tax cuts certainly helped inject billions for capital investment - this can%26#039;t be disputed.
Are Bush%26#039;s tax cuts for WORKING people responsible for this SMOKING hot Economy?
that%26#039;s great about your dad.
the plural of anecdote is not data.
Are Bush%26#039;s tax cuts for WORKING people responsible for this SMOKING hot Economy?
Nope and the economies not %26quot;smoking hot%26quot;, but then, maybe I would need to drink more to think the economies so %26quot;hot%26quot;, sorta like guys do when they see you; not too hot but you get hotter when they get drunker.
What are you studying in college? Conservative Arts degree?
Are Bush%26#039;s tax cuts for WORKING people responsible for this SMOKING hot Economy?
There are lots of nice shiny circumstantial evidence here.
Are Bush%26#039;s tax cuts for WORKING people responsible for this SMOKING hot Economy?
Get off those drugs....don%26#039;t you know ..it is bad for your deteriorated brain?
Hey ..loan me $ 4..I wanna make a down payment on a gallon of milk
Are Bush%26#039;s tax cuts for WORKING people responsible for this SMOKING hot Economy?
To anyone interested in FACTS as opposed to propaganda being puked out by the criminals in this administration:
Bush Tax Cuts Lead to Largest Deficit Ever, Leaving Future Generations to Shoulder the Burden
George W. Bush%26#039;s 2001 assurance that his tax cuts %26quot;could happen without fear of budget deficit, even if the economy softens%26quot; have proven to be false, as the estimated $480 billion budget deficit this fiscal year will be the highest in U.S. history. In a Sept. 5 speech, Bush admitted his tax cuts account for one quarter of the deficit. According to the New York Times, each dollar of tax cuts, federal borrowing to finance the tax cuts, the war and routine government operations will total $3.60 over six years. Citizens for Tax Justice estimate that the 26 million taxpayers making $28,000 to $45,000 are especially hard hit by federal borrowing閳ユ攨ach dollar of tax cuts for this group is accompanied by $6.55 of increased federal debt. MSNBC reports that even if the government limited itself to paying only for retirement benefits, health benefits and interest on the national debt, federal taxes would still have to be raised by 70 percent閳ユ攽ermanently閳ユ敄o meet those obligations. This is an unfortunate irony, as Bush said during his first year in office that %26quot;we owe it to our children and grandchildren to act now%26quot; to pay down the national debt.
Sources: Washington Post, %26quot;A Sound Bite So Good, the President Wishes He Had Said It,%26quot; July 7, 2002; George W. Bush, Presidential Speech, Sept. 5, 2003; New York Times, %26quot;Studies Say Tax Cuts Now Will Bring Bigger Bill Later,%26quot; Sept. 23, 2003; MSNBC, %26quot;What Do Record Deficits Mean For You?,%26quot; July 18, 2003; George W. Bush, Presidential Address to Joint Session of Congress, Feb. 27, 2001
http://www.thetruthaboutgeorge.com/econo...
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LET ME REPEAT THAT: %26quot;Bush admitted his tax cuts account for one quarter of the deficit.%26quot;
Are Bush%26#039;s tax cuts for WORKING people responsible for this SMOKING hot Economy?
Yeah, that four hundred bucks from 01%26#039; sure goes a looooong way. I%26#039;m happy for you and your family. Not so happy for the rest of the Americans who now have record debt, have foreclosed on their homes, are losing their jobs and have no savings in this booming economy. As they say in the stock market, a rising tide doesn%26#039;t float all boats.
Are Bush%26#039;s tax cuts for WORKING people responsible for this SMOKING hot Economy?
You are right on the money. These tax cuts have put more money in people%26#039;s pockets, which has driven up the spending of their money, which has driven up the markets which has driven up the taxes collected on that spending and record amounts of money is flowing into Washington. Why is there such a deficit? Oh, I don%26#039;t know.....We were attacked in 2001, we are at war, and congress (both sides of the isle) can%26#039;t spend fast enough. No matter who would have been in office in 2001, the market would have crashed, the war would have been waged, and the deficit would have been created. To blame this on Bush is simple minded.
Are Bush%26#039;s tax cuts for WORKING people responsible for this SMOKING hot Economy?
The tax cuts are just one piece of the puzzle. The Us government doesn%26#039;t control the economy. The fed reserve plays a much bigger roll.
I too have five kids and benefit from the increased tax breaks, but the marriage penalty is still there. When I got a divorce, I had the option to file joint or separate. We filed separate to save several thousands of dollars.
I find it interesting that most people think that they have not benefited from the %26quot;tax rebate%26quot; thinking that they would get a separate check back from the government. They do not even understand that they pay less each year.
Are Bush%26#039;s tax cuts for WORKING people responsible for this SMOKING hot Economy?
wow, congrats, sounds like your upper middle class family is being served just fine by the capital gains tax cuts/credits and other tax cuts given by Bush to corporations and the wealthy. It sounds like you and your family are, after all, the very kind of people Bush wants to help.
But what about the other 100 million Americans that are at or below the poverty level? They haven%26#039;t benefited, in fact, in many cases these lower class families have been harmed by the economic favoritism reflected in these tax cuts.
Are Bush%26#039;s tax cuts for WORKING people responsible for this SMOKING hot Economy?
The tax cuts didn%26#039;t help everbody, in fact to hard working Americans it was a slap in the face. I was single living in a small one bedrooom apartment going to school and working. The check I got was for $384.00, not even enough to pay my rent, and now I get to look forward to taxes going up so we can pay our way out of this record deficit. Thanks again GW for screwing me and all the hard working people that make this country run and giving the fat cats who don%26#039;t need anymore money a big *** tax break.
Are Bush%26#039;s tax cuts for WORKING people responsible for this SMOKING hot Economy?
This is one of the best economies in history and the unemployment rates are some of the lowest of all times. I am middle class and I am doing better now than ever. My oldest son just finished college and my other son is about to begin. I own my own house and two cars and I am totally debt free.
Some have said the poor have not benefited. You have to pay taxes in order to receive a tax cut.
Are Bush%26#039;s tax cuts for WORKING people responsible for this SMOKING hot Economy?
What does your dad think about you using a porn star in your avatar?
Are Bush%26#039;s tax cuts for WORKING people responsible for this SMOKING hot Economy?
Yes and many other factors of people who are willing to take a risk and with GWB it is a safer bet so it rolls down the line.
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