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New Center on Budget and Policy Priorities report debunks 'job killer' myth
Posted by: $tevie
Date: July 21, 2012 10:23AM
Quote

Citing a Urban Institute-Brookings Tax Policy Center study showing that 82 percent of the value of the tax cut would flow to filers with more than $1 million in adjusted gross income by extending the tax cuts for people over $250,000 of income ($200,000 for single filers, the rhetorical argument that allowing the tax cuts to expire was the same argument used to argue against President Clinton’s proposed 1993 tax increases, "which set marginal rates at the levels to which they are set to return when the Bush rate cuts expire." Contrary to the claims at the time, job creation and economic growth proved to have increased at a rate of 2.3:1 during the Clinton years, compared to the Bush era.

[www.examiner.com]

PS:
Quote

In other news, Republican claims to having passed 30 job creation bills in the House, that were subsequently held up in the Senate were debunked. It turns out that their "jobs" bills were only attempts to slip amendments into legislation that would hamstring regulatory agencies, or push through approval of the disastrous Keystone XL pipeline.


"Stop thinking about art works as objects, and start thinking about them as triggers for experiences." ~ Brian Eno
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Re: New Center on Budget and Policy Priorities report debunks 'job killer' myth
Posted by: Avenger
Date: July 21, 2012 02:44PM
So you let tax "cuts" expire. What are you going to do with the money? It'll find its way to the same rat holes and they will come back next year, as they always do, and say they need more.
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Re: New Center on Budget and Policy Priorities report debunks 'job killer' myth
Posted by: Gutenberg
Date: July 21, 2012 04:05PM
Let's see. What to do with the money gained by ending tax cuts for the wealthy?

Cut down on the deficit. Isn't that what the GOP keeps harping on about?
Work on infrastructure. Roads, water mains, bridges, transit need about a trillion worth of work. We could get started on that.
We also need to get moving on irrigation solutions for the drought states--Texas could use some help, as could the rest of the Midwest all the way up the Mississippi. With long term drought more common in the farm belt because of climate change, we need to protect our food supply.

That's right off the top of my head.
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Re: New Center on Budget and Policy Priorities report debunks 'job killer' myth
Posted by: Avenger
Date: July 21, 2012 09:28PM
Cut down on deficits? You'll never know where the money went.
Infrastructure? That's all we heard when they were asking for stimulus. Spent it all and still say bridges are falling down.


In short, the money the government collects does not go into neat little pots. Remember tobacco settlement money that was supposed to go to healthcare? It went straight to general fund and spend however they pleased.
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Re: New Center on Budget and Policy Priorities report debunks 'job killer' myth
Posted by: Speedy
Date: July 21, 2012 11:54PM
The last thing 'job creators' want to do is hire someone.


Saint Cloud, Minnesota, where the weather is wonderful even when it isn't.
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Re: New Center on Budget and Policy Priorities report debunks 'job killer' myth
Posted by: Speedy
Date: July 21, 2012 11:55PM
There is no downside to our economy to raising taxes on the rich.

Quote
Avenger
Cut down on deficits? You'll never know where the money went.
Infrastructure? That's all we heard when they were asking for stimulus. Spent it all and still say bridges are falling down.


In short, the money the government collects does not go into neat little pots. Remember tobacco settlement money that was supposed to go to healthcare? It went straight to general fund and spend however they pleased.


Saint Cloud, Minnesota, where the weather is wonderful even when it isn't.
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Re: New Center on Budget and Policy Priorities report debunks 'job killer' myth
Posted by: Avenger
Date: July 22, 2012 01:56PM
I hereby declare YOU rich. Fork over.
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Re: New Center on Budget and Policy Priorities report debunks 'job killer' myth
Posted by: Speedy
Date: July 23, 2012 12:33AM
Quote
Avenger
I hereby declare YOU rich. Fork over.

I do. Perhaps at a higher rate than Governor Romney.


Saint Cloud, Minnesota, where the weather is wonderful even when it isn't.
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Re: New Center on Budget and Policy Priorities report debunks 'job killer' myth
Posted by: Avenger
Date: July 23, 2012 08:31AM
You can always pay a little more, couldn't you? For the children.
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Re: New Center on Budget and Policy Priorities report debunks 'job killer' myth
Posted by: Speedy
Date: July 23, 2012 09:12AM
Quote
Avenger
You can always pay a little more, couldn't you? For the children.

I would be happy to pay more in income taxes if they taxed capital gains at the regular income rate.


Saint Cloud, Minnesota, where the weather is wonderful even when it isn't.
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