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So How Did the Bush Tax Cuts Work Out for the Economy?
TAX.COM ^
| 09/24/2010
| David Cay Johnston
Posted on 09/25/2010 9:48:02 AM PDT by SeekAndFind
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To: SeekAndFind
They would have worked a lot better coupled with massive spending cuts and regulation rollbacks.
2
posted on
09/25/2010 9:50:04 AM PDT
by
cripplecreek
(Remember the River Raisin! (look it up))
To: SeekAndFind
After-tax incomes, which is more important, were greater because of the tax cuts.
To: SeekAndFind
To be honest, I'm tired of the endless caculations to determine the maximum level we can be milked...err taxed.
Government has a very specific set of tasks that it's authorized to do. If the federal government wasn't so massively in violation of the constitution there wouldn't be a need to bleed every citizen of every last drop possible.
4
posted on
09/25/2010 9:53:28 AM PDT
by
highlander_UW
(Education is too important to abdicate control of it to the government)
To: SeekAndFind
This is a lacking and frankly bizarre analysis. Tax rates are but one of many factors that impact total income produced across the economy. Using one year 2000 as a base for evaluating the entire decade following is bizarre, especially considering that year saw the beginning of a down turn, dot com bubble layoffs. Looks to me like an author that worked hard to manipulate the facts to back a predetermined conclusion.
5
posted on
09/25/2010 9:55:09 AM PDT
by
ilgipper
To: SeekAndFind
This is a false analysis. Our economy was entering a recession as the dot com bubble burst. We were also hit with the worst foreign attack on our soil ever. So the question is not what was the economy like, but what would it have been like WITHOUT the tax cuts.
6
posted on
09/25/2010 9:56:09 AM PDT
by
Jeff Chandler
(Judas Iscariot - the first social justice advocate. John 12:3-6)
To: SeekAndFind
4% unemployment, and this douchebag talks about tax cuts as if they had something to do with income levels.
They are unrelated.
7
posted on
09/25/2010 9:57:15 AM PDT
by
Rome2000
(OBAMA IS A COMMUNIST CRYPTO-MUSLIM)
To: SeekAndFind
Given the NASDAQ meltdown and the resulting stock market performance, capital gains tax receipts were much lower during the decade. It has very little to do with the lowering of tax rates.
Clinton’s deficit into surplus had everything to do with the markets dot com blowoff, and very little to do with raising tax rates.
8
posted on
09/25/2010 9:57:36 AM PDT
by
GeorgeTex
(Obama-Four M President (Mendacious Manchurian Muslim Marxist))
To: SeekAndFind
Why does this guy ignore the effect of 9/11 and the 2 trillion dollar hit to the US economy?
9
posted on
09/25/2010 9:59:12 AM PDT
by
Crim
(The Obama Doctrine : A doctrine based on complete ignorance,applied with extreme incompetence..)
To: GeorgeTex
If I recall correctly, the dot-bomb cost the economy $5 trillion while 9/11 cost another $2 trillion. Hard to make up for those numbers.
To: PhilosopherStone1000
Just looked...the author is a flaming libtard....that explains the massaging of reality...
There should have been a barf alert.
11
posted on
09/25/2010 10:04:03 AM PDT
by
Crim
(The Obama Doctrine : A doctrine based on complete ignorance,applied with extreme incompetence..)
To: SeekAndFind
There’s number-crunching and then there’s number-scrambling. This would seem to be the latter, even to an economic dunce such as I.
12
posted on
09/25/2010 10:06:27 AM PDT
by
skr
(May God confound the enemy)
To: SeekAndFind
...another distinguished graduate of The Paul Krugman Nobel Peace Prize School of Economics...
13
posted on
09/25/2010 10:07:10 AM PDT
by
JohnLongIsland
(www.wilsonfornewyork.com)
To: JohnLongIsland
David Cay Johnston is a former tax policy reporter for the New York Times.
Nuff said.
14
posted on
09/25/2010 10:09:07 AM PDT
by
Crim
(The Obama Doctrine : A doctrine based on complete ignorance,applied with extreme incompetence..)
To: SeekAndFind
So why are the dims talking about making
any of the Bush tax cuts permanent?
Sack-o-crap analysis from sack-o-crap lefty...
15
posted on
09/25/2010 10:09:15 AM PDT
by
THX 1138
("Harry, I have a gift.")
To: highlander_UW
If you go strictly by the numbers you don't get the backround in play.
What was the effect of 9/11? No one mentions the destruction of 90,000 square miles by Hurricane Katrina.
16
posted on
09/25/2010 10:14:49 AM PDT
by
griswold3
('Regulation and law without enforcement is no law at all)
To: SeekAndFind
Total income was $2.74 trillion less during the eight Bush years than if incomes had stayed at 2000 levels. It's ALWAYS the tax cuts and NEVER the outrageous and inefficient spending that's the problem. Always.
17
posted on
09/25/2010 10:16:53 AM PDT
by
EGPWS
(Trust in God, question everyone else)
To: SeekAndFind
Interesting article. Absolutley no information relating the tax cuts to the economy however. This guy is a long time muckraker, sometimes on the right side, sometimes not. Back in 2008 he shared my skepticism about the urgent need for unquestioning approval of the Bush bailouts, but at other times he's just a guy from Nation Magazine. I think this is one of those times.
To: Jeff Chandler
Pets.com at 900. I rest my case.
19
posted on
09/25/2010 10:19:24 AM PDT
by
griswold3
('Regulation and law without enforcement is no law at all)
To: JohnLongIsland
Let’s face it...libtards can no more understand economics than a baboon can grasp quantum mechanics.
20
posted on
09/25/2010 10:19:33 AM PDT
by
Zman516
(muslims, marxists, communists ---> satan's useful idiot corps)
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