Obama - good for Americans

[Danzig]

Originally Posted by dalakhani

I noticed an untruth so i responded. Corporate tax rates were raised during clinton. Economy soared and deficit went down.

But hey, I guess we can take an article from cato as unbiased.

Carry on. Sorry for intruding with facts.

Back to sports.

what untruth was that?

[dalakhani]

Originally Posted by Danzig

what untruth was that?

That the economy does poorly when you hike taxes.

[Danzig]

well, after all the reading i've done, and the links i put up above, from economists who say that the corporate tax should be kept low, and reading nothing to dispute that from scuds or yourself (other than clintons 35% tax rate compared to reagans 34% being some kind of proof-wow, HUGE difference there)...well, i guess i'll go with the pros on what they have to say.

[Danzig]

i just did a search on higher corporate taxes growing the economy. i'll let you know when i find something. so far it's all the same that it'll slow it down.

[dalakhani]

Originally Posted by Danzig

i just did a search on higher corporate taxes growing the economy. i'll let you know when i find something. so far it's all the same that it'll slow it down.

In a perfect world, free of human nature, lowering corporate taxes COULD have a positive effect on the overall economy and everyone in it. I dont think anyone with a brain would deny that. The problem is human nature...namely-greed.

The main problem in our economy is the deficit. i dont see how you can attack the deficit while lowering taxes. It wasnt done during Reagan or either Bush. Now if all the corporations passed those tax breaks on to their employees in the way of benefits and increased wages, then yes trickle down would work. But that isnt the case. Do you need the numbers to prove it?

Theory and practicality are often two very different things.

[Danzig]

Originally Posted by dalakhani

In a perfect world, free of human nature, lowering corporate taxes COULD have a positive effect on the overall economy and everyone in it. I dont think anyone with a brain would deny that. The problem is human nature...namely-greed.

The main problem in our economy is the deficit. i dont see how you can attack the deficit while lowering taxes. It wasnt done during Reagan or either Bush. Now if all the corporations passed those tax breaks on to their employees in the way of benefits and increased wages, then yes trickle down would work. But that isnt the case. Do you need the numbers to prove it?

Theory and practicality are often two very different things.

and i've said the same thing more than once, that i don't like either candidates plan as both suggest a tax break to individuals, while both have the deficit increasing under their plans. the deficit will hinder this nation, as other countries will really be questioning our ability to ever get out of debt.
but i also think now is the wrong time to raise the corporate tax rate, which is what i was trying to get across from the beginning. in good times, you raise it, but certainly not in bad times. reagan lowered the rate, clinton bumped it up one percent. it worked for both at the time. but these are different times now.

[Cannon Shell]

Originally Posted by dalakhani

In a perfect world, free of human nature, lowering corporate taxes COULD have a positive effect on the overall economy and everyone in it. I dont think anyone with a brain would deny that. The problem is human nature...namely-greed.

The main problem in our economy is the deficit. i dont see how you can attack the deficit while lowering taxes. It wasnt done during Reagan or either Bush. Now if all the corporations passed those tax breaks on to their employees in the way of benefits and increased wages, then yes trickle down would work. But that isnt the case. Do you need the numbers to prove it?

Theory and practicality are often two very different things.

Where is the theory that says that raising taxes has a positive effect on the economy? How can hurting business help the economy?

[Cannon Shell]

What about cutting spending? Understandably the current administration hasnt done very well with it but these two clowns dont even bother talking about it, dont even give it lip service.

[dalakhani]

Originally Posted by Cannon Shell

Where is the theory that says that raising taxes has a positive effect on the economy? How can hurting business help the economy?

Now, we are talking!!!!

Hurting business doesnt help the economy. We have to prioritize though. this deficit is killing us. I think we all agree.

yes, clinton was aided heavily by tech boom. i will contend that his policies greatly AIDED the boom.

A big part of what made his economy was his fiscal responsibility. He realized that the deficit was killing us.

[dalakhani]

Originally Posted by Danzig

well, after all the reading i've done, and the links i put up above, from economists who say that the corporate tax should be kept low, and reading nothing to dispute that from scuds or yourself (other than clintons 35% tax rate compared to reagans 34% being some kind of proof-wow, HUGE difference there)...well, i guess i'll go with the pros on what they have to say.

I dont need partisan drivel to form my opinions about the economy. the quote was that higher taxes are bad for the economy. My stat proved that statement wrong...its not always the case.