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| *Loan,banking and credit>>>tax credit |
If the democratic congress raises taxes what will that do to the current credit crunch? |
And should that reduce available capital should the democrats reconsider taking more of our money to waste on stupid pork projects? Yes, it could turn into a viscous downward cycle as taxes are raised more people won't be able to afford their payments and then more taxes will be needed to keep bailing people out. you're funny, I'm more worried about the 12 billion we're wasting every month on the republicans war then the imaginary money you think the democrats will spent.. If they raise taxes that will make more money available to bail out the lending firms. If you took notice the Government injected billions of dollars to stop the stock markets decline. Where did that money come from? Taxes. I believe your wrong about pork projects dems in congress are in favor of reducing pork projects. Do more research and please pay attention in school. If the repubs would stop giving large tax breaks the dems wouldnt have to impose large taxes to balance the budget. Speaking of national debt largest in history. Explain that in tax cut terminology. There will be more discount rate cuts. More cuts by the Fed based on what the economy does, but we won't know the impact for at least 60 to 90 days. This won't have anything to do with taxes. it will increase interest rates as capital will be pulled from the economy and placed into various tax exempt accounts. be nice if we could stop spending over 20 billion per year on illegals as well. Simply put...The government does not create wealth.... Despite lovers of wealth redistribution... Tax cuts grow the economy and raise revenue receipts to the federal government.. Not conjecture..FACT...look it up...BTW less wealth causes more default in the economy... Democrats aren't concerned about things as basic as reality, they will behave as expected and blame the economic woes on the Republicans. |
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