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Who benefits from Bush's tax cuts?

By tovarichpeter   Follow   Thu, 21 Jun 2012, 12:26pm   1,040 views   14 comments
In South San Francisco CA 94080   Watch (0)   Share   Quote   Permalink   Like   Dislike  

http://www.salon.com/2012/06/21/who_benefits_from_bushs_tax_cuts/

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1. CaptainShuddup Follow Befriend (1) 247 threads 4,704 comments

   1   1:05pm Thu 21 Jun 2012   Share   Quote   Permalink   Like (2)   Dislike (2)   We haven't had a balanced budget in over 3 years and it's still being called "Bush's" tax cuts?

2. HEY YOU Follow Befriend (4) 329 threads 917 comments

   2   1:13pm Thu 21 Jun 2012   Share   Quote   Permalink   Like (2)   Dislike (2)   I'm still waiting for Reagan's trickle down.

3. leo707 Follow Befriend (12) 10 threads 3,516 comments Oakland, CA leo707's website Premium

   3   1:13pm Thu 21 Jun 2012   Share   Quote   Permalink   Like (1)   Dislike   CaptainShuddup says We haven't had a balanced budget in over 3 years and it's still being called "Bush's" tax cuts? Yes, way over three years. Last time we ran a budget surplus was in 2001. FYI, we also ran a surplus in 2000, 1999 and 1998. Yes they will be called the "Bush" tax cuts for as long as the tax cuts that were initiated by him are on the books.

4. iwog Follow Befriend (48) 273 threads 12,525 comments 47 male Lafayette, CA Premium

   4   7:04am Sun 24 Jun 2012   Share   Quote   Permalink   Like (4)   Dislike (2)   Ruki says Yes, because the Rep Congress forced Clinton into accepting a capital gains tax cut in 1998 AND the growth of spending was cut quite a bit since 1996 or so. Unbelievable ignorance of history. Bill Clinton vetoed 13 Republican budgets and even shut the government down to force his agenda. He wasn't overridden a single time. Republicans LOST every budget battle with Clinton and were forced to accept many reforms including increases in the minimum wage, cuts in the military, and increases in numerous government programs. Facts are very troublesome when you're a Republican. There's no political ideology anymore on the right. It's all a religion.

5. Dan8267 Follow Befriend (16) 763 threads 7,702 comments Boca Raton, FL Premium

   5   8:48am Sun 24 Jun 2012   Share   Quote   Permalink   Like (1)   Dislike   Ruki says Yes, because the Rep Congress forced Clinton into accepting a capital gains tax cut in 1998 AND the growth of spending was cut quite a bit since 1996 or so. No, the surplus was due to the highly productive economy introduced by the Internet and the developers working their asses off building that Wonder of the World. The Internet increased income and thus the income tax. When business allows people to be productive by opening up the production channels, people produce and spend, and governments get more than sufficient tax revenue. And businesses open up production whenever there is a land grab.

6. Dan8267 Follow Befriend (16) 763 threads 7,702 comments Boca Raton, FL Premium

   6   8:48am Sun 24 Jun 2012   Share   Quote   Permalink   Like   Dislike (2)   iwog says Facts are very troublesome when you're a Republican. There's no political ideology anymore on the right. It's all a religion. So true.

7. leo707 Follow Befriend (12) 10 threads 3,516 comments Oakland, CA leo707's website Premium

   7   9:53am Mon 25 Jun 2012   Share   Quote   Permalink   Like   Dislike (1)   Ruki says Wow! Even though Obama and the Dems in Congress agreed to EXTEND them? That doesn't somehow mean that it is on their plate now? Yes I know, the Bush tax cuts were a terrible idea and they are a national embarrassment. The extension of these cuts is very disappointing. Yes the tax cuts are no longer "on" Bush's plate, but because he developed and advocated them they will always bear his name regardless of whoever uses them in the future. Perhaps Obama will develop his own tax cuts and you can call them "the Obama Tax Cuts." It is kind of like the Pythagorean theorem. Regardless of who uses it, the theorem will always bear the name of the person who developed and put forth the idea.

8. YesYNot Follow Befriend (2) 15 threads 428 comments Reston, VA

   8   7:36am Tue 26 Jun 2012   Share   Quote   Permalink   Like   Dislike   They are the Bush tax cuts, because Bush is the one that cut the effing taxes. It's that simple. Obama has thus far maintained the status quo. Although he has advocated for increasing the highest tax bracket, he has not been able to achieve it. Obama's did get the payroll tax cut through, and that will continue to be attributed to him.

9. CaptainShuddup Follow Befriend (1) 247 threads 4,704 comments

   9   7:50am Tue 26 Jun 2012   Share   Quote   Permalink   Like   Dislike (1)   Oh you mean the "Making America Work" act that expired in 2010?

10. marcus Follow Befriend (5) 168 threads 5,071 comments

    10   8:28am Tue 26 Jun 2012   Share   Quote   Permalink   Like   Dislike   Wow.

11. zzyzzx Follow Befriend (9) 414 threads 4,124 comments Baltimore, MD

    11   8:37am Tue 26 Jun 2012   Share   Quote   Permalink   Like   Dislike   Dan8267 says No, the surplus was due to the highly productive economy introduced by the Internet and the developers working their asses off building that Wonder of the World. The Internet increased income and thus the income tax. Was due to Y2K scare spending and housing bubble.

12. YesYNot Follow Befriend (2) 15 threads 428 comments Reston, VA

    12   8:54am Tue 26 Jun 2012   Share   Quote   Permalink   Like   Dislike   Captain, We are still getting a 2% reprieve on payroll taxes due to Obama. http://www.heritage.org/research/reports/2012/06/what-is-payroll-tax-hike-four-basic-facts

13. clambo Follow Befriend (5) 1,070 comments Santa Cruz, CA

    13   9:17am Tue 26 Jun 2012   Share   Quote   Permalink   Like   Dislike (1)   Everyone benefits from low tax rates. Ask the average guy in the street in Switzerland. He's doing OK with their low tax rates. No one deserves my money more than I do. You don't. Your pet "victims" of society don't either.

14. marcus Follow Befriend (5) 168 threads 5,071 comments

    14   10:22am Tue 26 Jun 2012   Share   Quote   Permalink   Like (1)   Dislike   clambo says No one deserves my money more than I do. You don't. Your pet "victims" of society don't either. What I hear you saying is that you hate America. That is if you believe that under current circumstances or under no circumstances taxes should go a fraction of the way higher toward where they were in our heyday. You're okay with driving up deficits and destroying this country for the sake not of your own self interest, but for the greedy self interest of your overlords.