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| *Loan,banking and credit>>>tax revenue |
Do you think the low umemployment, low inflation and high tax revenue vindicate the Bush tax cuts? |
Should they remain permanent? Most economists agree that, while the tax cuts did not hurt, they weren't the driving force behind the economy for the past few years. They helped grease the wheels a bit but the main engines of the economy were innovation and worker productivity. However, many economists are worried about the deficits that we have be running since 2001. I am for keeping the tax cuts in place if we cut spending down to where we have a balanced budget. Heck yes. I belive that reduction in taxes across the board is generally a good thing. I wrote a couple articles on my personal finance website dealing with this issue. Check out the link I provided. http://www.financialspiderplant.com/?p=1... Why do we have to vindicate tax cuts?! You are missing the point. It is MY money, so it is ALWAYS a good thing when the government is kind enough to let me keep some of it! Geez, thank God I can vote for Ron Paul! www.ronpaul2008.com God no! You forgot to mention a ballooning budget deficit though. We haven't had a budget surplus in any of Bush's years of office, and it doesn't look like we will in his last years either. No, they don't vindicate the tax cuts. We had low unemployment, low inflation, and high tax revenue before the tax cuts, and we also had a budget surplus. Bush has been on a spending binge and created a huge budget deficit. The economic impact of the tax cuts, together with many other things that have been happening, including the war in Iraq, China's rapid growth, the increase in the price of oil and many others create complex interactions that affect the economy. Without the tax cuts, we might have been better off, but it is impossible to say. We certainly would have been better off without the Iraq war, which has now cost in excess of $500 billion dollars. Think what that money could have done for our economy if it had been used here instead of squandered on the war. |
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