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The (Bush) Tax Cut Record. Americans are better off despite Democratic naysaying.
WSJ Opinion Journal ^ | may 14, 2006 | WSJ Editorial

Posted on 5/14/2006, 4:20:21 AM by FairOpinion

If ever there was a market test of economic policy, the last three years have been it. The stock market has recovered from its implosion in Bill Clinton's last year in office, unemployment is down to 4.7%, and growth has averaged 3.9% in the three years since those tax cuts passed--well above the post-World War II average and more than twice the growth rate in Euroland.

Yes, gas prices are high and interest rates are rising, which helps to explain the anxiety felt by some of the public. But these headwinds are all the more reason to be impressed by the economy's ability to push ahead nonetheless. We'd have thought that the Democrats who are now voting to let taxes increase would be thrilled to know that things turned out better than they had feared. Americans are better off despite Democratic predictions that, as Minority Leader Nancy Pelosi put it back in 2003, tax cuts would "damage long-term economic growth."

(Excerpt) Read more at opinionjournal.com ...


TOPICS: Business/Economy; Editorial; Extended News; Front Page News; News/Current Events; Politics/Elections
KEYWORDS: bushrecovery; bushtaxcuts; business; economy; taxcuts; taxes; term2; thebusheconomy; wsj
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The Bush Adminstration needs to get the word out. The perception created by the Dem screams is overshadowing reality.

1 posted on 5/14/2006, 4:20:23 AM by FairOpinion
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To: ancient_geezer

Bush tax cut success PING.


2 posted on 5/14/2006, 4:21:11 AM by FairOpinion (Dem Foreign Policy: SURRENDER to our enemies. Real conservatives don't help Dems get elected.)
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To: FairOpinion; Taxman; pigdog; Principled; EternalVigilance; rwrcpa1; phil_will1; kevkrom; ...

Bush tax cut success PING.

Indeed, now to make them permanent or see it all undone when the provisions sunset.

The biggest mistake of the Republican Congress was not making the cuts permanent when they were enacted.

A Taxreform bump for you all.

If anyone would like to be added to this ping list let me know.

 

 

John Linder in the House(HR25) & Saxby Chambliss Senate(S25) offer a comprehensive bill to kill all income and SS/Medicare payroll taxes outright and replace them with with a national retail sales tax administered by the states.

H.R.25,S.25
A bill to promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national retail sales tax to be administered primarily by the States.

Refer for additional information:


3 posted on 5/14/2006, 4:30:08 AM by ancient_geezer (Don't reform it, Replace it.)
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To: FairOpinion

Without a doubt! - This WH (and RNC) have been inept at getting the facts out regarding this robust economy -


4 posted on 5/14/2006, 4:30:41 AM by SevenMinusOne
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To: DevSix
Without a doubt! - This WH (and RNC) have been inept at getting the facts out regarding this robust economy.

It's kind of hard to do that when the networks spend one-millisecond reporting about the economy.

5 posted on 5/14/2006, 4:32:44 AM by LdSentinal
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Comment #6 Removed by Moderator

To: truthpls

Yeah, I forget. We are in another Great Depression./s


7 posted on 5/14/2006, 5:07:27 AM by LdSentinal
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To: truthpls


But you admit that, numbers-wise, the economy is kicking ass, right?

If wasn't kicking ass, like in late late 2001/early 2002, then things would be even worse for you, right?

I mean, tax cuts seem like a no brainer--- if a nation could tax itself into prosperity then France, not the US, would be striding the world like a Colossus.


8 posted on 5/14/2006, 9:19:55 AM by mjolnir ("All great change in America begins at the dinner table.")
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To: DevSix

They've been inept becasue they act like they're walking through a mine field, as if they really expect disaster at any moment.

It's such an obvious no-brainer, tax cuts. I don't think they really believe it- becasue there's a lot of socialist philosophy lurking around under the surface. (It's glaring at us from some of their other policies.)

My only griope with the tax cuts, is that they weren't deep enough. Reagan CUT taxes in 81, Chainsaw Massacre style. This has been careful and surgical.

I prefer the chainsaw approach.


9 posted on 5/14/2006, 10:49:50 AM by ovrtaxt (My donation to the GOP went here instead: http://www.minutemanhq.com/hq/index.php)
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To: ovrtaxt
It's such an obvious no-brainer, tax cuts. I don't think they really believe it- because there's a lot of socialist philosophy lurking around under the surface.

You are 180 degrees out of phase. There are a lot of conservative free enteprise aspects behind what are presented by the media as big government socialists policies.

The Education Bill that "Ted Kennedy wrote"? If so, Ted got snookered. It had accountability in it that is now coming home to roost and the left and the unions are screaming. Schools either start teaching up to par or lose money.

Lots of free enterprise introduced into the Medicare Prescription Drug bill.

Hurricane relief is going to private enterprise rather than another big government agency.

It is not easy to get things through the obstructionists Democrats or we would have also had SS reform, true tax reform like the NRST, more conservative judges, UN reform, and much, much more.

10 posted on 5/14/2006, 12:24:21 PM by Mind-numbed Robot (Not all that needs to be done, needs to be done by the government.)
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To: FairOpinion

BTTT


11 posted on 5/14/2006, 12:31:06 PM by Right_in_Virginia
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To: Mind-numbed Robot

Why vouchers didn't just happen is beyond me. Bush and the Congress had the momentum to do it- but the Senate pulled things back to what we have now. The accountability in NCLB is good, but it will take ten years to *maybe* accomplish what could have been done instantly.(Again, an example of socialiasm, or at least socialistic sympathies, lurking under the veneer of the GOPs 'conservative' exterior.)

The Medical bill should never have happened. True free enterprise is government getting out of the way altogether- not mandating that money be spent anywhere- private enterprise or not.

But instead we have lawyers entrenched in the government who protect their own industry to the detriment of all others. The solution to high medical costs is to stem the hemmorhage of money due to excessive litigation.

I agree that Dems would have kept everything in-house, on the public side- such as that silly Airport Security agency- whoops- that was the Republicans too.


12 posted on 5/14/2006, 1:26:15 PM by ovrtaxt (My donation to the GOP went here instead: http://www.minutemanhq.com/hq/index.php)
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To: ancient_geezer
Imagine if all federal income related taxes were removed from costs of production!? Imagine if all US exports had income related taxes removed from their prices1?

I hope Bushrove is planning to implement...

13 posted on 5/14/2006, 1:28:05 PM by Principled
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To: ovrtaxt
Did you know that per NCLB, all children will exceed fed standards by 2012? ...even mentally handicapped kids! Wow - to think all along we could have legislated studetn success....

NCLB has noble goals- but the way to maximize the benefit of education, monopoly must be removed. Get gov't out of education...all the way out.

14 posted on 5/14/2006, 1:31:07 PM by Principled
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To: Principled

If there was a way to collect more tax due to higher test scores, I'll bet they would privatize education today.


15 posted on 5/14/2006, 1:35:10 PM by ovrtaxt (My donation to the GOP went here instead: http://www.minutemanhq.com/hq/index.php)
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To: Mind-numbed Robot

Well said!

I have to laugh at how Newt comes on Hannity and yaps about how he's so much more conservative than Bush, blah blah, if only President Bush listened to him, blah blah.

The biggest increase in government under President Bush came because of what NEWT pushed--- the prescription bill! http://www.boston.com/news/globe/editorial_opinion/oped/articles/2006/03/30/a_healthy_medicare_drug_plan/

President Bush's plan to privatize Social Security by giving a taste of privatization was undercut by the WEEKLY STANDARD and other "conservative outlets" (not this one) who whined about how "he was wasting his capital." Kristol's probably on Fox undermining it again!

No Child Left Behind did introduce accountability... Listen to the howls of the Teacher's Unions... Anything they hate is good.

BUT I wish President Bush had been more successful in his "Ownership Society Plan" so we would have vouchers for school, etc.

I find that President Bush, becuae of his modest social agenda not to desecrate marriage or further enable abortion, has been relentlesssly attacked by every libertarian organ except, if you count them as one, Club For Growth. Whether it's Andrew Sullivan, Reason Magazine, Cato or Lew Rockwell, these guys have shown themselves to be leftists.

Of course, President Bush's decision to take the fight to the enemy didn't sit well with that group (of leftists) either.


16 posted on 5/14/2006, 1:36:44 PM by mjolnir ("All great change in America begins at the dinner table.")
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To: Mind-numbed Robot



Arrrghhh! I was right! Kristol is trying to undermine SS privatization on FNS AGAIN!


17 posted on 5/14/2006, 2:40:02 PM by mjolnir ("All great change in America begins at the dinner table.")
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To: Principled

"Imagine if all federal income related taxes were removed from costs of production!? Imagine if all US exports had income related taxes removed from their prices1?"


==

Yes, imagine a Federal retail sales tax and imagine privatized social security -- it would give rise to a huge economic boom for the next 200 years,and would keep Republicans in power -- which is why the Dems are fighting it so hard.


18 posted on 5/14/2006, 3:40:53 PM by FairOpinion (Dem Foreign Policy: SURRENDER to our enemies. Real conservatives don't help Dems get elected.)
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To: mjolnir; ovrtaxt
Many prefer to ignore that immediately after the 2000 election the Democrats and media tried to reverse the outcome after their efforts to steal it failed. Failing that they went into the established leftist mode of continually claiming his presidency was illegitimate and then obstructing all his nominees, his agenda, and everything he tried to do. That got him off to a slow start with much of his team not in place and has continued for six years, nonstop.

Just before he was elected, the Clinton/Wall St.-created tech bubble burst and the market plunged. We went into a recession, probably planned by the previously mentioned folks. The Democrats refused to release any transition money prior to Bush taking office so he was unable to have a team ready and in place until months later.

Then 9/11 happened and the economy took another big hit as well as putting everything but the WoT on the back burner for awhile. Since then he has been busy fighting two wars and facing down other serious threats.

Despite all that, and with the constant opposition of the media, the Democrats, foreign-financed activist organizations, trial lawyers, labor unions, Clinton moles in government, and more, he has put the economy on an upward path, achieving basically full employment, furthered the conservative agenda, and put the terrorists on the run.

He gets no credit but instead is blamed and has to spend lots of time fighting off the lies of the left. Yet, many who call themselves conservatives are also piling on over whatever the issue de jour happens to be, usually dictated by the opposition media and the Democrats. At the moment it is immigration. Before that it was abortion, trade, guns, and on and on. The left is so successful in their efforts to destroy Bush and the Republicans that some of his base is abandoning him.

Some people, and you know the ones I am talking about, are too stupid to govern themselves.
19 posted on 5/14/2006, 4:35:14 PM by Mind-numbed Robot (Not all that needs to be done, needs to be done by the government.)
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To: Mind-numbed Robot



So true!

I think since Rush has been joined by other talk shows, the conservative message has gotten out to more people, but it has also been diluted.

Too many talk show hosts are lawyers or former lawyers; not enough of them are economists or at least interested in economics.

Too many of them base their judgments about free markets (here and abroad) on emotion, I think; they only like capitalism to a point, not realizing the alternative is almost always worse. That's made it tougher for President Bush to carry on the Reagan Revolution, too.


20 posted on 5/14/2006, 4:49:35 PM by mjolnir ("All great change in America begins at the dinner table.")
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