Skip to comments.Bill Clinton: Republicans Canít Explain How Tax Cuts Help
Posted on 03/28/2013 4:53:20 PM PDT by presidio9Edited on 03/28/2013 5:05:17 PM PDT by Admin Moderator. [history]
As Republicans stubbornly refuse to raise taxes and the sequester grips Washington, former President Bill Clinton said Republicans need to openly state how their proposals, specifically tax cuts, would realistically work for the benefit of the American economy.
In an interview for CNBC Meets, the 42nd president said the crucial issue in politics is always how. "Whatever you decide to do and however much money you have or don't, how do you propose to do it?" the president told CNBC's Tania Bryer. "Suppose you're a Republican. You think the only important thing to do is to cut taxes. Well, not all tax cuts are equal and there's a lot of evidence about what works and what doesn't."
(Excerpt) Read more at cnbc.com ...
I’ll meet him halfway.
Tax “cuts” don’t help nearly as much as tax elimination and spending cuts do.
The blow job President.
I wish he was no longer on the planet. Power and control freaks I detest them all!
Cut the spending, cut the taxes, cut the government. Abide by the constitution. Bill Clinton is an impeached failure.
Why is a rapist impeached EX-POTUS even asked what he thinks?
I could tell OLD OLD Bill that if I pay less to the government in taxes that means I get to keep more of my money and I can spend it how I see fit. Maybe I can buy something from a local shop vendor which gives them more money that they can spend. When the government takes it from me and gives it to someone else I have less money
to spend or pay my bills with.
He says things like this just to rattle people’s cage.
He KNOWS tax cuts work, but he’s a commie pig aristocrat and personal wealth and prosperity are NOT what he wants for the public at large.
BUT, when it comes to HIS bankroll, betcha he doesn’t pay one dime in tax, after all, that’s for the Buckwheat “masses” to pay.
Clinton’s right, some tax cuts will grow the economy. Bush’s tax cuts were largely garbage and Obama made them worse.
Will the GOP rise to the occassion and teach the public and the Dems why cutting taxes including the regulatory burden that creates invisible taxes works? Will the GOP embrace the free market again?
It was the tech boom from events like the advent of Ecommerce, Y2K, and those mainframe migration projects, not his policies, that created many of those jobs.
including president Reagan's eight years."
Reagan inherited the Cold War and an economy that was in decline. Twelve years later, Clinton inherited an economy that was growing for almost two years, the end of the Cold War, and the start of the tech boom.
And it was the end of the Cold War, a Reagan accomplishment, and the opening of world markets that led to global Ecommerce, which was a big part of the tech boom.
Duuuhhh! BJ Clinton could not explain stains on a blue dress, Hillary’s Rose Law firm billing records, White Water Land Investments (money laundering) or numerous other things.
More recently explain his constant presence in Harlem or where Der Hilderbeast lives. Not mention whether they are still man and wife (or whatever kind of critter she is).
Shut Up BJC. Go Away. You have done enough damage to the nations moral fiber.
At the moment I would settle permanently ending all discussion on whether corporations "pay" taxes. The do not. To suppose otherwise is to demonstrate that you know nothing about finance.
Why is ANYONE still listening to a disgraced, impeached, lying rapist?
The lying, disgraced impeached arse could watch Milton Frioedman on youtube and get a good lesson in economics.
“You think the only important thing to do is cut taxes”
Stop right there. No one thinks that. This hack politician is dealing with straw men.
It may be true Pubs can’t ever seem to accomplish much more than cutting taxes, aside from starting somewhat bigger wars than Dems start these days. Some have even twisted it into an actual belief, as if cutting taxes alone meant something. Those of us who care about something more than buying votes and maintaining the status quo Welfare/Warfare state don’t care about tax cuts as such. They’re only useful so far as they shrink gubmint’s share of our wealth.
I’m content to say they don’t. Mostly because they don’t exist. The cost of taxes fall on real people. What I hate is the popular fallacy that they “pass it on” to consumers. That doesn’t happen, unless you have a gun pointed at consumer’s heads. What happens, really, is cost is carried back to the origin of production. Which means two things: anyone with a stake in the business is denied profit and the Forgotten Man doesn’t get paid.
Completely agree, but show me one government school graduate who after 13 years in the system understands dollars and sense (pun intended).
We let communists and socialists teach our kids about the free market and that’s insane. I was talking to some kids and they keep telling me that the government had to intervene as the market was failing. They didn’t see the government as the cause, but the solution.
Reagan would be puking. On second thought, he’d be out their convincing. Have you ever heard his radio addresses while he was in the “wilderness”?
"In short, it is a paradoxical truth that ... the soundest way to raise the revenues in the long run is to cut the rates now. The experience of a number of European countries and Japan have borne this out. This country's own experience with tax reduction in 1954 has borne this out. And the reason is that only full employment can balance the budget, and tax reduction can pave the way to that employment. The purpose of cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous, expanding economy which can bring a budget surplus." John F. Kennedy, Nov. 20, 1962, news conference
"Lower rates of taxation will stimulate economic activity and so raise the levels of personal and corporate income as to yield within a few years an increased not a reduced flow of revenues to the federal government." John F. Kennedy, Jan. 17, 1963, annual budget message to the Congress, fiscal year 1964
"In today's economy, fiscal prudence and responsibility call for tax reduction even if it temporarily enlarges the federal deficit why reducing taxes is the best way open to us to increase revenues." John F. Kennedy, Jan. 21, 1963, annual message to the Congress: "The Economic Report Of The President"
"It is no contradiction the most important single thing we can do to stimulate investment in today's economy is to raise consumption by major reduction of individual income tax rates." John F. Kennedy, Jan. 21, 1963, annual message to the Congress: "The Economic Report Of The President"
"Our tax system still siphons out of the private economy too large a share of personal and business purchasing power and reduces the incentive for risk, investment and effort thereby aborting our recoveries and stifling our national growth rate." John F. Kennedy, Jan. 24, 1963, message to Congress on tax reduction and reform, House Doc. 43, 88th Congress, 1st Session.
"A tax cut means higher family income and higher business profits and a balanced federal budget. Every taxpayer and his family will have more money left over after taxes for a new car, a new home, new conveniences, education and investment. Every businessman can keep a higher percentage of his profits in his cash register or put it to work expanding or improving his business, and as the national income grows, the federal government will ultimately end up with more revenues." John F. Kennedy, Sept. 18, 1963, radio and television address to the nation on tax-reduction bill
That may be true if the consumer has the alternative of buying his product elsewhere. Assuming that all producers are taxed equally, the end result of corporate taxation is price inflation, plain and simple. All correct prices are a reflection of EVERY cost of doing business plus the profit incentive.