If cutting taxes for the rich ruins the economy...?
441024
The economy generally doesn't include tax revenue. The reason it's bad is that it takes the tax burden off of the 5% who control 95% of the money, and puts it squarely on the middle class.
1139783
I think get jobs would probably be the best!\n\nWhy does the left always want to tax the rich.  If you get a nice house I think you should give half of it to charity.  By the way it's the only fair thing to do.  Practice what you preach.  I am sure once you make money you will forget about taxing the rich......
511463
he's against taxes that hurt the rich... like taxes on big oil... but taxes at the pump that poor people have to pay too... he doesn't seem to mind...
617506
Not at all.  In order to spur economic growth it is best to give tax cuts to the poor.  They will spend it all which enlarges the econmy.  Giving tax cuts to the rich does not do this.
25540
the theory is the more money people have that they aren't giving in taxes, the more they'll have to invest in the economy. but the tax laws are written in such a way that the rich are able to use loophole after loophole with the poor and middle class putting up the rest of the cash the rich would have normally paid.
982936
Linder's Fair Tax is on hold, tax cuts will be attacked, and the working class can expect to be burdened with new taxes...out their...worst imagination!
75055
Without getting into politics too much, this is a myth typically propogated by the liberal left. The following are the actual federal tax rates taken from the IRS site; you'll note that the wealthier pay MORE taxes. State tax rates are similar in this regard.\n\n\nTaxable Income    Tax Rate\n$0 - 7300         10%\n7,300 - 29,700    $730 + 15% of amount over $7300\n29,700 - 71,950   4,090.00 + 25% of amt over $29,700\n71,950 - 150,150  14,652.50 + 28%  of amt over $71,950\n150,150- 326,450  36,548.50 + 33%  of amt over $150,150\n326,450 +         94,727.50 + 35% of amt over $326,450\n\nIf the tax rates were the same, say 10% as an example, for both the wealthy and poor. The wealthy would still pay more (10% of $0 income = $0 in taxes paid, 10% of $1M income = $100K taxes paid).  \n\nThe graduated tax structure we use shifts even more of the taxes to the wealthy - this makes sense considering they have more disposable income.\n\nAccording to a CBO report (released in 2005), the wealthiest 20% paid 83% of the individuals income tax and corporate income taxes. There are many on the left that would like to increase this to 100% for political reasons. This approach may alienate the top 20% but would benefit the remaining 80% of the taxpayers.  A margin like that would be wonderful if you were trying to solicit support in an election. \n\nHowever, the wealthy don't simply hide money under a mattress. Even if they buy a yacht, there are many, many laborers and suppliers involved in the process. It creates jobs and they further invest in other companies. And those folks spend the money to further stimulate the economy. This is why the trickle-down effect has been effective in boosting the economy after the tax-cuts of the Bush administration. Note that even after the tax cuts, the wealthy still pay a higher percentage.\n\nIn Russia, where tax rates were astronomical, a lot of people cheated on taxes and it was found to be a demotivator. Why should those with the ability and resources work hard if the government was going to confiscate most of the fruits of their labor. (Besides, do you really want the federal government spending all of your cash? I bet you could put it to better use) However, when the tax rates were more moderate, more people actually filed taxes and productivity increased. The taxes gained went up significantly.\n\nOne item of note is that many of the wealthy do hide otherwise-taxable income in tax shelters and deductions. A Fair Tax (national sales tax) has been proposed that would be more fair for all involved and cut the administrative resources required to manage taxation. Everyone would pay the same tax rate. Those that have more disposable income would end up paying more in the end. A credit would be issued back to all registered taxpayers in an amount equal to the amount of taxes that would be paid on poverty income. In this scenario, those that avoid filing income taxes would still end up paying since it would be collected at the time of purchase. Studies have shown this approach would actually lower the cost of items purchased by the amount of the new taxes.\n\nA bit of a long way to get here, but lowering taxes of wealthy still has them paying 83% of corporate/individual income tax, results in more people actually filing correctly, and leads to economic growth through consumption and investment.
601059
Maybe he has had enough, this is not the contract with America that he signed. I know that I have had enough. Tax cuts for the very rich. Spend, Spend and spend somemore, maybe he has joined the 71% that does not like the direction that the country is going in.
463208
A. it's trillions, not billions\n\nB. you should vote for someone else... \n\n\nC. yes... I think it's time someone did something... but if you're making enough money to be taxed 30 percent... you probably won't like my ideas... hahahah
541262
America will make the rich pay their taxes when the Republicans are gone.
328718
All of your question was mindless dribble, none of what you claim is true. With some education in learning the facts you could have some hope. Redistribution of wealth is easy to check, you must be one of the tax payers earning over $400,000 a year and it was you who got the tax cut at the expense of the working class who have seen higher taxes. Look up the last Minimum wage increase and fine the facts, you will find there is no evidence to support your claim that it adds to higher prices. BTw, when I go all over the country I stay at the Hilton. I also play golf with Republicans every week at the Country club. I am a brick layer, now teach me about the real work you do in life.
775793
Vote republican. Usually, they support tax breaks by imposing flat taxes in their place, hurting the lower and middle class while the rich enjoy a meager decrease in income. But keep in mind that since all the supporters of a flat tax are rich business tycoons and corrupt (or confused) politicians, you're going to end up with a nasty government any way you approach it.
846971
They will reverse the tax cuts of the top 1% wealthiest Americans. Then they will lower cost of living of the middle class and poor by reducing the cost of medicare, healthcare, lowering inflation, and improving social security. Then they also want to gradually reduce troops.
1152683
The truth is that they believe it will eventually help everybody (trickle down economics).  If the rich pay less taxes, they have more money to better their businesses or make more businesses, thus creating more jobs.  Unfortunately it doesn't work because the rich "generally" are selfish and may make more jobs but refuse to pay a decent wage for any of them unless absolutely forced to (something most Republicans are loathe to do because then they lose the votes of the rich).
289432
The top 10 per cent or so is enriching itself far faster than the economy is growing, with most of that going to the top 1 per cent, while the middle class loses ground to inflation and the minimum wage has been stuck at $5.15 for something like 8 years.  And Bush has persuaded the majority of the American people that the top 10 per cent was horribly oppressed with taxes in the 1990's and is still so overburdened with income taxes that it needs more tax cuts.  The cut-off for federal estate taxes has been multiplied by a factor of 5 under Bush, so that now only a few thousand families a year are hit with federal estate taxes.  Bush is upset that any of these poor families will have to pay federal estate taxes, so they are in line for the biggest tax cuts of all.  \n\nSo for most families the standard of living is declining.  There are many reasons but a big one is that there is a massive redistribution of wealth toward the top, deliberately accelerated by Republican tax policy.\n\nWhat fiscal catastrophe is it going to take to get our priorities straightened out?
1126485
No because we would still not be all on the same level. There would be just a poor rich class compared to the absolute filty rich.
460684
None for me, it goes to the American government, who takes way more than they need, if Bush hadn't grown the national debt AND FAILED to make the proper tax reform! between that and the tax CUTS for the RICH!! ... it's just bs, I won't go off on it here.\n-Duo