THE CLAIM: “CUTTING TAXES LEADS TO MORE MONEY FOR THE GOVERNMENT.”
(Well…I guess if one considers the wealthy and the lobbyists and the Corporations as the legitimate Government, then it probably does…)
CONSERVATIVES DO SEEM TO LOVE THEIR TAX CUT STRATEGY DON’T THEY? (TAX CUTTING S-TRAGEDY)
O.K., now whisper in my ear and tell me, with that squinty-eyed look on your face, how these tax cuts for the rich pay for themselves eventually.
While you are at it, tell me how I can get something for nothing. (Isn’t that exactly what you are telling me?)
Being the stupid and somewhat dense Left Wing Liberal that I am, I always thought that if you lower taxes, revenues decrease.
Now along comes my Conservative friend and tells me, “Well, if you cut taxes by a certain percentage, you can balance the books by cutting Government Spending by that same per centage.
So, I guess what you are proposing is that if you give the rich a ten percent tax cut, you can pay for it by cutting Medicare by 10 percent. Or, maybe you could just cut Social Security Payments by 5 per cent and Medicare by 5 percent, right?
Or, you can save the extra money it takes to pay for the tax cuts by increasing the eligibility age for either Medicare or Social Security by enough years that it averages out to the 10 per cent savings you need in order to make the rich richer at the expense of the elderly or the sick, right?
Good economics! Bad morality!
You know folks, I could accept the Right Wing’s explanation of how to cut taxes and then cut government spending by an equal percentage if it were not for one small detail.
Whenever the taxes get cut, the spending seems to increase disproportionately and the end result is always a bigger deficit than before.
If anyone out there in Blog Land is terribly interested in looking at the facts and figures that tend to disprove the Right Wing’s claims about how tax cuts cause revenues to increase, you can always look at the record from the terms of both President Reagan and President G.W. Bush in “The Congressional Budget Office, Bureau For The Public Debt.
Somehow it seems to be that every time the Conservatives save us a few billion dollars through their tax cuts for the wealthy, the discretionary spending of the Government goes through the roof and eliminates any benefit that might have been gained by those cuts in the first place.
Oh by the way, does anyone understand that the budget was never balanced under the Reagan Administration? Does anyone know that no Republican Administration has ever balanced the U.S. Budget?”
Correct me on that if you can prove that I am wrong and I will repent on bended knee.
Now, when the Right Wing starts talking about the tax cuts during the Administration of Bush II, don’t let them forget to mention that this happened not once, but twice– once in 2001 and again in 2003.
Also, don’t let them forget that when President Clinton achieved a tax increase on the rich, the revenues to the United States from individual taxpayers took a 97 percent hike (Increase)…provided more revenue to the government than either the Reagan or Bush Administrations…grew the American Economy at a phenomenal rate and had the end result of balancing the last three budgets of The Clinton Administration.
Well, I, for one, no longer listen to the Right Wing’s claims to be the champions of smaller government. I remember how the government grew by leaps and bounds the last time they had any significant power. I remember their vastly increased government spending too.
In my opinion and according to the Historical Record, it is clear that The Right Wing’s “Supply Side Economics” isn’t any better for The Middle Class, the elderly, the poor, the disadvantaged or the “Common Ordinary Working” person than “Trickle Down Economics” were.
Both theories are just that: “Theories.” Neither has ever worked—and most likely, never will.
Oh by the way! If you are planning to try and confront any Right Wing Extremeist with “Facts,” you can forget it. They are, somehow and very strangely not much interested in “Facts.”
You can buy them books and show them charts and have them listen to expert testimony. But, once they get something in their head, they are like that old proverbial tree planted by the waters–they shall not be moved!
They “know what they know that they know” and no one is going to tell them any different.
I have relatives like that! They love to drive me nuts with their baseless arguments and their invented “Facts” which I like to refer to as “Myth-Truths.”
Is that clever or what?
So, what do you think?
Leave me a comment here.