Skip to comments.Following the Reagan Rule; No wonder it depresses Democrats.
Posted on 01/10/2003 5:14:24 AM PST by anniegetyourgunEdited on 04/23/2004 12:05:07 AM PDT by Jim Robinson. [history]
The Economic Club of Chicago may seem a strange place to unite Americans, but that is what President Bush did there on Tuesday with the jobs-and-growth program he proposed. Economic growth is a common priority that draws Americans together, for we all need the jobs it creates, the resources it provides employers to invest in new machines and technologies, and the larger investment returns that keep everything from our local charities to our kids' schools and the market economy prospering.
(Excerpt) Read more at opinionjournal.com ...
We should counter this deception with, "The eprson who pays $250K in tax will get back $xxx and the person who pays $1200 in tax will get back $xxx; don't you think that's fair?"
I also like the "dems are racists" argument which says, "In professional sports, there are xxx new black millionaires who pay $xxx in taxes on each million they earn. The dems say they are 'wealthy.' We want to let them keep $xxx dollars of their money to spend in their communities." The dems don't want jumped up blacks guys to have that much money or to spent like they want to. Let's take control of framing the issue for a change.
I found this hard to believe but apparently it's true.
" In 1976, Democrat Jimmy Carter made elimination of the double taxation of corporate profits a key campaign theme. "We presently tax corporate income when it's earned and we also tax dividends to shareholders," he said. "I would favor taxing income only once," Mr. Carter told Fortune Magazine."
Even a stopped clock is right twice a day.
A brief quote from Ari:
'For example, he said, a taxpayer who earns $30,000 a year and pays $2,000 in taxes will receive a tax cut of $1,000, or 50 percent. "A thousand dollars to somebody who makes $30,000 a year means all the world to them. It is a huge difference in their life."
On the other hand, taxpayers with $200,000 in income who pay $50,000 "pay far more in income taxes, a point which opponents of the president never make. They pay far more in income taxes than others who earn less," Mr. Fleischer said.'
Whenever I hear someone spouting that tax cuts for the rich nonsense, I ask them a question.
If I cut your taxes 100% and I cut Bill Gates taxes 5%, which tax cut is bigger?
Usually, they don't answer, they just smile and say good point.
I agree that the Democrats plan does little, but I must disagree with your statement about the 2002 rebate. It may not have had much stimulus effect, but it represented something much more important: it was an advanced refund on yearly reductions in tax liabilities.
The Democrats proposal is just a one time thing used to demonstrate how generous they are to give money to people. And if it works once, theyll try it again when it suits their purposes. I much prefer the Republican way in which we are permitted to keep more of OUR money each year.
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