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Interesting article about the Bush Tax Cuts...

What do you think?

http://www.washingtonpost.com/wp-dyn/content/article/2010/07/30/AR2010073002671.html

 
momof3inTN

Asked by momof3inTN at 10:45 AM on Aug. 2, 2010 in Politics & Current Events

Level 19 (6,609 Credits)
This question is closed.
Answers (23)
  •  the Center for Budget and Policy Priorities pointed out the Bush tax cuts will cause $3.4 trillion in deficits over between 2009 and 2019 while the debt service costs caused by the Bush-era tax cuts, amount[] to more than $200 billion through 2008 and another $1.7 trillion over the 2009-2019 period — over $330 billion in 2019 alone.”


    http://www.youtube.com/watch?v=KrXiWe1aHrc&feature=player_embedded

    sweet-a-kins

    Answer by sweet-a-kins at 3:42 PM on Aug. 2, 2010

  • All of the Bush years only created 3 million jobs compared to 23 million jobs in the Clinton years. Thanks to the growth due to Reagan tax cuts.


    So if Clintons 8 years were attributed to Reagan, WHO are Obama's first couple attributed to?


    Just so you know, Reagan's tax cuts ADDED to the deficit BIG TIME! They didnt do what they were supposed too..so they were STILL doing that after 12 years huh?? Even after Clinton got RID of them??? LOL You are in serious need of a HISTORY lesson

    sweet-a-kins

    Answer by sweet-a-kins at 12:24 PM on Aug. 2, 2010

  • The republicans have already admitted it wouldn't create jobs. Their big talking point is the mindset of the American people. Talking about consumer confidence. It's all bull talking points. When bush made the big tax cuts no new jobs were created for 2 1/2 years. It's been proven it won't create jobs. All of the Bush years only created 3 million jobs compared to 23 million jobs in the Clinton years. They have already proved it won't help small businesses. What will help the is making the banks lend to them, Which the republicans are trying to stop. If any democrats are opposed to this it is purely for political reasons. They are weak and need to toughen up.

    mommom2000

    Answer by mommom2000 at 12:06 PM on Aug. 2, 2010

  • The republicans have already admitted it wouldn't create jobs


    Wouldn't add jobs and would add to the deficit...

    sweet-a-kins

    Answer by sweet-a-kins at 12:08 PM on Aug. 2, 2010

  • All of the Bush years only created 3 million jobs compared to 23 million jobs in the Clinton years.

    Thanks to the growth due to Reagan tax cuts.

    . What will help the is making the banks lend to them,

    That is a BIG part of why we are in this mess, now you suggest adding to it even more??????????????
    Carpy

    Answer by Carpy at 12:09 PM on Aug. 2, 2010

  • Hmmm...............

    seems like some haven't read the article.
    catholicnomore

    Answer by catholicnomore at 12:53 PM on Aug. 2, 2010

  • It is thwe Washington compost for one, and the article promotes "spread the wealth" Never a sound economic policy.
    Carpy

    Answer by Carpy at 11:26 AM on Aug. 2, 2010

  • Higher taxes would hurt

    On the other side are many Republicans -- and even a few Democrats on Capitol Hill -- who are concerned that higher taxes on the wealthiest Americans would hurt the economy at the present time.

    Senate Budget Chairman Kent Conrad, D-N.D., who is a fierce deficit hawk, nevertheless allowed last week that he would be reluctant to let anyone's tax cuts expire just yet.

    "In a perfect world, I would not be cutting spending or raising taxes for the next 18 months to two years" Conrad told reporters. "This downturn is still very much with us unfortunately."

    Since households and governments are tapped out, nothing should be allowed to impede the chances for business spending, which is the best hope for generating future economic growth, according to Douglas Holtz-Eakin, a former Congressional Budget Office director who now runs a Republican think tank.
    mustbeGRACE

    Answer by mustbeGRACE at 11:29 AM on Aug. 2, 2010

  • The republicans have already admitted it wouldn't create jobs.


    Where and when?????????????
    mustbeGRACE

    Answer by mustbeGRACE at 12:45 PM on Aug. 2, 2010

  • must be grace- I have seen many interview with republicans when they are asked the question. If the tax cuts for the rich don't expire will that create new jobs. They all dance around the question and won't answer that part. They say well no but. And try to talk about consumer confidence again and other talking points. If the tax cuts aren't creating new jobs now do you think magically at the expiration date they will start to create jobs.

    mommom2000

    Answer by mommom2000 at 1:08 PM on Aug. 2, 2010

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