the new chairman of the Ways and Means Committee, the Representative from New York told the Bloomberg News that he cannot think of one tax cut passed under President Bush that merits renewal.
There is no question about it, he said, everything has to be on the table. And what we have seen already is a tax increase just 4 days ago
Over the last 4 years we have seen 7.2 million jobs created in this country from those tax cuts. Our economy is creating jobs month after month. Just in December 167,000 jobs were created in this country. The unemployment rate is down to 4.5 percent. It is the lowest average it has been in four decades. That is directly attributable to the tax cuts we have put in place over the last several years.
Now, if we do not extend them, if we do not do the responsible thing, the American taxpayers are going to be penalized for their hard work by us taking money out of their pockets. When you look at a family of four that earns over $40,000, if we allow the child tax credit and the marriage penalty to expire, they will pay about $2,000 more that will come out of their pockets.
That is money that they could use to save for college, to pay for health care insurance, to buy a new washer and dryer, or put a down payment on a new car. That is their money. They should be able to spend that money as they see fit. And the way to do that is to keep the tax rates low so that they can continue to determine how to use that money best.
Small business owners, same situation. If we allow some of these tax cuts to increase, our small businesses in this country will be hurt. And I hope the Democrats take a lesson from history. President Kennedy, back in 1960, did just that. He cut taxes. And when he cut taxes, revenues to the Federal Treasury rose as they have today.
Ronald Reagan did it in 1980. He had to fight a Democratic majority, but finally was able to cut taxes. And what happened was the economy grew, one of the greatest expansions of our economy in history, and revenues to the Federal Government grew as well. That is the same thing we did in 2001 and 2003, cut taxes, the economy rebounded, it was coming out of a recession, coming out of the terrible attack of 9/11, and now our economy is growing very strong. And we do not want to turn that back.
I do not think the Americans, although they did vote in many part of this country for a change, they did not vote to change to slow this economy down. They did not vote to increase taxes.
Why is it that every fiscal decision the Dems bring forth actually hurts the economy?payday loan
Because they want to create dependency on the government. The more dependency, the more votes they%26#039;ll get.
Why is it that every fiscal decision the Dems bring forth actually hurts the economy? loan
Because it doesn%26#039;t.
Wall Street isn%26#039;t the least bit concerned.|||Just the gas price drop alone due to the fear the oil companies have of the dems will have saved the avg american family more than the tax cuts ever did.|||GET YOUR FACTS RIGHT REPUBLCIAN FOOL
TRILLION DILLION WAR DEBT
ENRON SCAM
EXXON OIL SCAM|||Hilliary, just days ago, stated, %26quot;We(her) will raise taxes for the greater good.%26quot;
Words of a devout deceiver: Capitalist in life, Collectivist in public.|||what about the war debt, whose going to pay that, Bush gave us a DELAYED tax, a tax on our children, and he gave China a lot of leverage against us|||for those of you still paying attention %26#039;hurting the economy%26#039; really means %26#039;hurting the wealthiest 1% of americans or wealthy corporations.%26#039;
as oil companies racked up their largest profits ever in the 4th quarter of 2006 - the same american taxpayer being fleeced by them at the pumps was also paying their taxes. the election of 2006 said loud and clear that most americans think that the wealthiest corporations in the world should, you know, pay their own taxes.
another thing that also amazes me is that very frequently the loudest war hawks are also the same guys who think that cutting taxes during wartime (something NEVER done before) is a good thing.
if you cons want americans to take your war seriously, then take it seriously yourself.
but no - instead you will make accusations that have no merit, particularly since no spending bills have come before either house since the dems took control.
when cons want to lecure americans about inane morality and abortion and gay rights that%26#039;s one thing, but when you sit there and tell us that wealthy people and wealthier corporations need OUR money - you are straying far from the herd...|||Sorry but after Pfizer got rid of 3600 jobs yesterday, I am having a hard time agreeing with you on the economy. Michigan%26#039;s unemployment is at an all time high, most it has been in my lifetime. Housing market stinks, and is getting worse due to the layoffs...I am not blaming anyone, but i cannot share the same enthusiasm as you do on this one. Bush won%26#039;t even meet with the heads of the big three...and hasn%26#039;t done much to rpomote alternaative industries that are the wave of the future...like alternative fuel sources (let%26#039;s hope he addresses that today) or outsourcing labor, or giving tax breaks to those who STAY in america, etc...|||I would like it explained to me why the Enron scam is a Republican scandal? Didn%26#039;t the transgression occur during the Clinton administration? I believe Enron contributed to both parties.
The reason I bring up that case; other than it was mentioned in an answer, is that instead of providing concrete answers on any given subject the Democrats usually throw out meaningless bumper sticker slogans. The reason they do that is that there are very few if any instances of socialism trumping capitalism.
When I say that Enron occurred on Clinton%26#039;s watch I do not hold the administration guilty, I just wished to make a point.|||Why am I supposed to believe this garbage from a single-minded ideologue like you in the first place?
Am I supposed to be dazzled here or something?
Clinton%26#039;s ecomony.Now that was good.
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