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Support Tax Cuts, immediately -- oppose all other stimulus without an EPA assessment

Submitted by TomGrey on Fri, 01/23/2009 - 12:22

What the economy needs is private people making peaceful choices about where to spend their own money.  If the gov't wants the people to spend more, now, the easiest AND fastest way to do that is to have the gov't STOP TAKING it.

A one quarter, 25% tax holiday could be done with emergency legislation but not need any additional gov't workers.

Tax cut puts workers' money back in the decision making control of the workers, or companies, who created the wealth represented by the income.

For all other stimulus programs, Reps should ask for a) a requirement to fulfill, and publically document, every and all regulations on safety, environment, finances, etc., as well as b) a call to de-regulate for all so that all new endeavors can be done sooner.

If increased solar power use projects, which I support, are required to have EPA assessments done before they can be built, the regulatory delay is more clearly identified as an enemy of economic well being.

Obama promissed pragmatism -- the Reps should agree with him when he promises tax cuts. 

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I'll take that 20 million right now, thank you kindly.

Submitted by RisingTide on Fri, 01/23/2009 - 12:56.

we already got our project half done. just need you guys to help out with our contruction overruns, because of the construction bubble.

$20 million? How about $1.1 trillion!

Submitted by davidfarrar on Fri, 01/23/2009 - 22:54.

April 15, 2009, is just around the corner. Pres. Obama could wave his magic executive pen and sign an executive order stopping the IRS from taxing individual labor as profit. This act alone would directly keep 1.1-trillion dollars in the economy, directly into the pockets of the consumers.

Remember now, for every dollar the government cuts in taxes, the GDP increases by five dollars in five years.

So let's go for it, bro!

And not just that, let's extend that tax free holiday on personal labor for the next five years. Just think of it, while the economy picked up speed, government spending can finally be reduced to it bear essentials. God help us, but I think I am on to something here.

ex animo

acedance

davidfarrar

 

We have been through this for

Submitted by In between on Fri, 01/23/2009 - 13:13.

We have been through this for 8 years. You're saying nothing new. What jobs can be created when they go overseas? Our money is going to Iraq. Government spending still has to be cut. In the meantime, China has a car that runs on 63 miles for a charge. We have not even come close to competing with other countries. We are short on time and money. We cannot compete with third world wages. To make our country better will take 20 years. With nothing done in the last 8. So go figure.

Please provide the evidence for why tax cuts are the solution.

Submitted by NextRightNando on Fri, 01/23/2009 - 13:25.

We recently had one of the election thingys. The most important issue on voters minds was the economy. Obama won the election, becasue voters believed he would do a better job handling the economy than John McCain. John McCain was promising tax cuts and was telling voters that Obama would raise their taxes, but people voted for Obama anyway.

What can we learn from this? The American people no longer believe in tax cuts as a panacea.

So: can you provide any supporting evidence for your prescription of tax cuts as a cure for the economy?

This site is about the next right. The results of the recent election indicate that promising tax cuts - over and over and over again - is no longer a winner. People listen to Warren Buffett when he says it is wrong for the system to allow him to pay a lower rate of tax than his secretary.

A pre-election Gallup Poll found that Americans are more likely to say Obama, rather than McCain, will raise their taxes, but yet they favored Obama as the candidate better able to handle taxes by 48% to 43%. "In part, this may be because a majority of Americans see Obama's policies as benefiting the middle class and the poor the most, while a majority see McCain's policies as benefiting the wealthy."

In summary: promising/demanding tax cuts is no longer a winning strategy. You have to back up those two words with how and why.

The Heritage foundation is awesome at exposing the stimulus

Submitted by Wayne from Jere... on Fri, 01/23/2009 - 18:06.

... The problem with stimulus spending is that the government has to get the money from somewhere. Every dollar the government spends has to come from either taxing or borrowing, or deliberately causing inflation. ...

http://theheritagefoundry.org/2009/01/23/the-fallacy-of-stimulus-spending/

 

Warren Buffett or the Heritage Foundation?

Submitted by NextRightNando on Fri, 01/23/2009 - 18:47.

Who are you going to believe - a bought-and-paid-for think tank that was the architect of the failed Bush Administration policies that have got us into this situation, or Warren Buffett, who has been backing up his words with his own money, very successfully, for decades? See here for a snippet of Buffett on the stimulus. In a nutshell - something has to be done. Now. He's involved in deciding what that something is going to be. He acknoledges that there is no perfect solution, but is smart enought to realize this is not a time to let perfect be the enemy of possible. And thank god for that.

Well this is an interesting

Submitted by In between on Fri, 01/23/2009 - 18:57.

Well this is an interesting paragraph.

"Economist Alex Tabarrok has the clever idea of reducing everybody’s tax rate substantially – for all income above whatever they earned last year. This would have a strong stimulus impact – by encouraging people to work more hours, tax second jobs, or (re-)enter the labor force. This would increase production and induce economic expansion without any use of taxpayer funds, and without replacing one type of production with another."

Encouraging people to work more hours, tax second jobs- Is this guy nuts?

And besides how are you going to increase the hours when you have a recession.

 

Now the other point is that the money has to come from somewhere. Well, Bush did it for 8 years. And it caused deficits and debt. And not a word from the republicans.

The republicans are still clueless.

When unemployment is running at close to 15%

Submitted by RisingTide on Mon, 01/26/2009 - 09:42.

... oy, vai. the man is an idiot, front center and simple.

Simpletons!