Quote:
Originally Posted by LisaWP
Yes, the upcoming massive deficit is going to a huge burden. But, the proven way to increase tax revenue is by tax cuts. By cutting taxes, people have more of their own money and spend it. Corporate taxes should be eliminated because they only pass taxes onto consumers anyways. If Corporate taxes were lowered or eliminated, businesses from all over the world would re-locate to America....creating jobs and stimulating the economy.
Increasing the tax burden on anyone decreases incentive to work harder. If you knew that 80% of what you earn was going to be taken, would you even bother to work?
It cracks me up when the uber rich say "we don't mind paying more taxes"....
well... then..... DO IT. No one is stopping Warren Buffet from writing a check for 50 billion to the US Treasury.
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Correct me if I'm wrong but didn't Bush try that? The tax cuts he gave out haven't really worked out in the rosey way you're presenting it have they?
Answer: more tax cuts? Deeper tax cuts?
More and deeper tax cuts? :D
Again, someone is going to have to pay for that massive debt the US Gov't has racked up. I still get the feeling some of you don't quite get that though. I'll suggest everyone just wait a few months or a year and see what your new prez actually does and what effect it has. There's either going to actually be a reason to bitch or a reason to cheer.
I like to try and think positive.