hypocritexposer
Well-known member
October 11, 2009
Liberals and Taxes: The Big Question
By Gene Schwimmer
Like many Americans who watched their savings nosedive in the market crash of '08, I've had to retrench, rethink and re-strategize my retirement plans. One course I've considered is to spend less and save more. The second is, somehow, to get a nickel for every time some Liberal said or wrote something like this:
The last time the top income tax rate was 39%, the United States enjoyed a booming economy, rising incomes, low unemployment and expanding budget surpluses.
Unfortunately, that simple truth has been ignored by Republican propagandists and mainstream media alike during the debate over President Obama's stimulus plan and budget proposal.
Well, there's certainly a lesson here for Obama and the Democrats, and for Republicans, too. Surprisingly, it's the same lesson, and a lesson neither expects.
But first, a brief digression to dispel the Liberal claim that only "the rich" benefited from the Bush tax cuts:
continued with tax amounts etc...
http://www.americanthinker.com/2009/10/liberals_and_taxes_the_big_que.html
And finally, Republicans should do what they've never done: raise the moral issue. In calling for higher taxes, Democrats cite two reasons. One is their desire to raise revenues to do all the things Democrats want to do. But as we've seen, we can get higher tax revenues under lower tax rates just as well as (and, some would say, better than) we can under higher tax rates.
The other reason Democrats cite is to "make the wealthy rich pay their fair share." But numerous studies have shown that as tax rates have gone down, the percentage of taxes paid by "the wealthy" goes up.
Clearly the federal government can increase its tax revenue with either lower, or higher, rates and, thus, as far as the goal or raising revenue is concerned, the choice of tax rates, within reason (obviously, with a tax rate of zero, we get zero revenues), is totally arbitrary. That being the case, Republicans can ask the Big Moral Question: If we can increase revenues with both lower and higher rates, why is it not better to increase them with lower rates? And if our goal is to "make the wealthy pay their fair share" and the share of taxes paid by the wealthy increases under lower rates, why do Democrats continually advocate higher rates?
The answer is so obvious, I need not state it. But the Democratic Party and every Democrat who advocates higher tax rates should be made to do so, and publicly.
http://www.americanthinker.com/2009/10/liberals_and_taxes_the_big_que.html