Everyone needs to show Mitch some love and the current GOP

Discussion in 'Political Action Forum' started by Lip Shooter, Dec 4, 2017.

  1. Lip Shooter

    Lip Shooter Elite Refuge Member

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    Taking in less money and spending the same amount of money does not lead to more debt.

    So much better than what Dems do, if they cut taxes the debt would go up!

    Carry on Mitch!
     
  2. pintail2222

    pintail2222 Elite Refuge Member

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    Psst - I believe you mean does not lead to larger Federal deficits...

    And it didn't happen to JFK. President Kennedy proposed across-the-board tax rate reductions that reduced the top tax rate from more than 90 percent down to 70 percent. What happened? Tax revenues climbed from $94 billion in 1961 to $153 billion in 1968, an increase of 62 percent (33 percent after adjusting for inflation).

    According to President John F. Kennedy: Our true choice is not between tax reduction, on the one hand, and the avoidance of large Federal deficits on the other. It is increasingly clear that no matter what party is in power, so long as our national security needs keep rising, an economy hampered by restrictive tax rates will never produce enough revenues to balance our budget just as it will never produce enough jobs or enough profits… In short, it is a paradoxical truth that tax rates are too high today and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now.
     
  3. eel river

    eel river Elite Refuge Member

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    You post almost consistently with a TDIT approach Pin. You and the others who railed in the past about doing so was BS. Welcome to the BS world Pin.sucks to have no real defensive, huh!
     
  4. pintail2222

    pintail2222 Elite Refuge Member

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    Remove party and look at policy. I am a fiscally conservative socially libertarian Independent. :tu

    My approach is that it's funny how we are told time and time again that Trickle Down didn't work for Reagan - but it worked for Kennedy/LBJ...
     
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  5. hobbydog

    hobbydog Elite Refuge Member

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    But there has to be a point where it no longer works. Why not cut taxes every year until there is nothing left to cut? If 20% is a good corporate tax, why not 10, or eliminate it all together?
     
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  6. pintail2222

    pintail2222 Elite Refuge Member

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    It doesn't work when you cut taxes but also increase spending. Isn't that right Dubya you Idiot King? :mad:

    When you increase productivity you increase GDP. As Kennedy said: "As they say on my own Cape Cod, a rising tide lifts all the boats".

    Of course you need enough revenue to cover expenses. But when you allow people to keep more of what they make - they spend and invest it for a better return - that is taxable - than what the Federal Government could have gotten out of it.
     
  7. KENNEDY63

    KENNEDY63 Elite Refuge Member

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    K. Let's give this a try. If it works great, then we can cut more.
     
  8. hobbydog

    hobbydog Elite Refuge Member

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    And if it doesn’t work?
     
  9. KENNEDY63

    KENNEDY63 Elite Refuge Member

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    Then we are forced to cut spending or raise taxes.

    It ain't rocket science.

    Clearly, the Obama years should give you some idea of what direction our long term economic fortunes were heading in an era of rising taxes and increasing government over reach. Time to had back the other - even if it's only a small nudge in the right direction.

    And if we do have to raise them, I would prefer that we raise them on the roughly 50% of people who do not pay for the benefits of living here. Time to get some skin in the game.
     
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  10. hobbydog

    hobbydog Elite Refuge Member

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    A budget is due Friday or just another CR? The unemployment rate in MN is 3.3%. 2.3% in the metro area. 4.1 nationally, where are all the workers going to come from to support the growth? If the economy gets too hot interest rates go up. So does the cost to service the debt. Let’s have some inflation too.
     

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