[quote]dhickey wrote:
100meters wrote:
dhickey wrote:
100meters wrote:
He’s not imposing. He’s letting the tax cuts expire on the wealthy.
Semantics. Tax rates have much higher. Why don’t we run them back up to great depression rates?
That’s the way republicans wrote them into law, with expiration dates in 2010, so they could , you know, hide the long-term costs, as in these things don’t pay for themselves.
What exactly do you mean here? What long term costs were being hidden? What don’t pay for themselves?
2000 wasn’t the great depression.
The sunsets on the tax cuts were written to hide the long term costs of the taxcuts, under the assumption that they’d be passed in the fu ture, but thanks to the sunsets wouldn’t have to be currently (currently as in when the tax cuts were enacted) accounted for on the 10 year budget projections.
Tax cuts don’t pay for themselves. See 2000-2008.
Do you understad the difference between causation and correlation? Was there nothing else happening in the late 90s early 2000s that could have possible contributed to economic consequence?
Back to the question at hand. How much more money to do think raising tax rates will raise? And at what cost? You seem perfectly happy to mortgage our entire economic future to solve immediate issues. What you will soon find out is that we won’t even receive short term benefit from any of this.
You seem incapable of looking past immediate assumed results, so I guess you will just have to hang out and wait to see what’s going to happen.[/quote]
Using your own logic, given taxes will increase, might there be any other occurrences that may contribute to further economic growth? Or at this single point in history just this one thing will have a single impact?