Tax reduction does have an effect!
I've never said that tax reductions can't be positive. I've simply said that that aren't always positive. And there's usually a lot more to consider then simply the tax rates in place...
The LBJ years were years of an expanding economy fed by population boom and tremendous immigration as well as healthy trade balances. But LBJ ran surpluses...even though he had the Viet nam War to pay for, and the cold war against the Commies. (See not only reagan fought that war but Truman, Eisenhower, Kennedy, LBJ, Nixon, Ford and Carter.) All but Carter ran surpluses every year.... Carter for 2 of 4.... reagan? Had no more obligations towards the fight agin the commies then his predecessors and yet couldn't run surpluses...
Taxes are simply a tool to secure the revenue required to run the governments obligations. In good times, the obligation must be to run surpluses and reduce the debt. Thats a conservative philosophy. One that republicans have ignored since 1980 and whose abandonment can be blamed for 80% of the accumulated debt the US currently enjoys. (CBO analysis)
I don't agree with you at all that is cause most of the deficit, just wrong, you cannot prove how many taxpaying jobs stayed as a result especially with the variables I said before
Its the CBO analysis you are disagreeeing with, more than me. I'm simply citing it as a source of evidence.
You know, fact...
regarding your, arguement that the tax decreases resulted in "saved jobs"... Maybe I should refer you to Dr,. Fate who argues repeatedly that the Stimulus from Obama had no effect. and that we can't include "saved jobs" as part of that positive effect.
..I'll stipulate: .Bush's tax cuts had the following effect.
The Unemployment rate went from 4.9 % to 4.2% for about 6 months then it climbed to 7.2% by the end of his administration.
If you want to attribute that all to tax cuts, okay. So what. Increasing the deficit and accumulating debt, as much as he did wasn't worth a 0.7% 6 month drop in unemployment.
Yea, the CBO is 100% accurate, my ass
You obviously missed the part where I differentiated between CBO forecasts and CBO analysis of final numbers... Which are 100% accurate since they use the accounts of the govenrment...Or do you have information somewhere that shows the accounts of the government revenues and expenditures are inaccurate?
Otherwise why would you be refering to past forecasts? I already acknowldedged that forecasts can be shaky.
The psychological effect of 9/11 was devastating, even if, now, looking back, it turns out not to have been as crushing economically as originally thought.
We are talking about the economy aren't we?
Or is physcic pain a justification for running enormous deficits....?
And Steve; when Bush increased spending to fight the War on Terror by invading Iraq...should he have increased taxes to pay for it or not? And by increased taxes, I mean revert to the tax rates he inherited from Clinton? Or should he have run deficits? Which he did. Who do you think should pay for those wars, current tax payers or their children?
When the accounts balance in 2003 showed that his inherited surplus had dried up, should he have copied Reagan and raised taxes (or lowered expenditures) to ensure a balanced budget or surplus? Or, as he did, ignored the situation and run deficits?
When WWII ended, the people who fought it assumed tax rates up to 92% (top marginal rate) to begin repaying the debt they incurred. If they were the greatest generation what does it say about the generation in charge in 2000?
What does it say about the generation in charge now, that they would rather not pay for things like Medicare and Social Security or deficit reduction.... There's a real change in values between the coservatives of the 50s and 60s and those today. In the 60's conservatives joined in the establishment of medicare because they wanted the people who'd built the country to be able to retire with some security and dignity. There was a sense of the collective good.
Today, is it really time to reduce the state to the rump it was in the 1890s and reduce the gains made by the sacrifices of the greatest generation to faded promise? All for a small tax rate increase?