Quote:
Originally Posted by Bond
Could you please elaborate on your view that tax cuts hurt the economy? Also, do you believe, in reverse, that tax increases help the economy?
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"We watched Bush do tax cut after tax cut after tax cut, and we see how perfectly it worked."
That should be answer enough. But, ask yourself this. If the country is in huge debt to the fed and to other countries, where is money supposed to be generated to pay off this debt? Give me an example of how a tax cut will make the government more money, and I'll gladly disarm it.
In my opinion, I think Obama shouldn't have touched taxes.
The republican tax cut strategy is 100% political, and in my opinion makes no sense whatsoever. They keep pushing for tax cuts over and over, even when it makes no sense.. And when their opposition gets into office they're stuck with the tough decision of raising taxes to help the situation.
Tax cuts do not help the economy, they help republicans win elections. But thanks to Bush, a lot more people see things for what they are. Hopefully Obama will take the responceable stance in the long run, and be smart enough to make people understand the truth of the sitation.
(But with how this stimulus bill is, I guess that's too late. Politics defeats common sense again.)
I actually like that the stimulus now is more of a long term thing, and not one of those bush spending bills that's treat everything like an emergency. "Zomg I need 1 trillion to give to my buddies before I leave office!" That helped...