Do you support cutting taxes, even if it increases the deficit?

[rahl]

It is dynamically possible to increase tax revenues by lower the tax rate as was actually demonstrated hitting double digit increases after the Gingrich/Kasich and Bush43/Rep Congress, still the subject of the thread about supporting cutting taxes.

Nope. It’s mathematically impossible.

This after has been demonstrated to you over and over the Clinton tax rate increase slowed the growth of federal tax revenues. You 6th grade civics class does not serve you well.

Every single time it’s been tried, we took in less revenue. You’ve been shown this over and over and over again. And it’s still hilarious that you don’t know how a bill becomes law

 

[Stinger]

The recession was at its worst when Obama took office in January of 2009. ...............................

YES the Democrat Congress failed to pass any measures that helped mitigate the depth and length not wanting to work with Bush waiting for a Democrat President and then they did exactly the opposite of what they should have done and we had the worst economic recovery in modern history.

Few say that.

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LOTS say that just as with the totally unnecessary Biden stimulus.

Not true. ..............................

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True the recessions was already ending when Obama took office and was over by June, nothing in his bill had taken any effect and then when it started held back the full recovery even with the Democrat Congress with his signature keep the deficits over $1,000B each of those years.

Apples and oranges. Obviously it’s going to take longer to recover from the Great Recession compared to what were bumps in the road. That’s why they call the Bush recession the “Great Recession.” ..................

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It was a Great Recession BECAUSE the Dem Congress and then Dem President's failed policies to deal with it as opposed to Bush43 and the Republican Congress with the dot.com bust and then recession and then NINE ELEVEN which was a HUGE hit on the economy.

Democrats did not have the votes until after the 2008 election. The bill passed the senate with only 61 votes. That was only possible because Democrats gained 8 seats in the senate in the 2008 elections. That gave them 59 seats and with a few Republican votes they were able to get the required 60 votes.

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They had the votes to take the deficit from a falling $161B to $400B and the only reason it wasn't more was because Bush threatened to veto any additional. They then cut him out completely for 2009. Those deficits were entirely Democrat driven along with the next three years of +$1,000B.

Yes, it was more difficult to recover than expected from the Bush Great Recession.

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No it wasn't had the Dems passed to correct measures and NOT thrown money out with extended unemployment benefits and expanding welfare and pushing for higher tax rates.

Apples and oranges. The Bush Great Recession was called Great for a reason.

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Yes apples and oranges because of the responses of each Congress, it was called The Bush Great Recession by the Dems/MSM/Left to obfuscate the responsibility for the failed policies of the Dems to counter it.

Nonsense. When the economy is collapsing doing nothing is irresponsible.

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Didn't say do nothing, government throwing out money was not the something to do as was proven then and was proven with Biden.

Yes, it’s a shame that the Bush recession caused so much damage.

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See above

Due to the Bush recession. The greatest fiscal calamity since the Great Depression.

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See above

10 million people out of work, many of them for months, supply chains all screwed up, new Covid strains popping up, I could go on and on but booming?

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And the vaccines being popped everywhere and the economy in a HUGE recovery jump and a JUST PASSED $600B stimulus already on top of the first one. It was stated at the time Biden's was completely unnecessary and strictly for Democrat political purposes and the warned Bidenflation is what we got.

What a bunch of nonsense. The same stupid argument that Biden caused worldwide inflation. We are just damn lucky that Trump didn’t stand in the way of Operation Warp Speed. ....................

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Biden caused the inflation of the US Dollar which effect the currency of countries around the world. We are just damned lucky the Trump administration created and administered Operation Warp speed and not a Democrat administration which would have had years long conversations about making sure any actions were first and foremost equitable and then deciding what to do at all.

Trump is the guy who adds to the debt and he’s planning to do it again.

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Nothing like Trump or Bush and convince me you fully supported the efforts of DOGE to cut spending and Trumps proposed spending cuts else you don't have a leg to stand on.

 

[Stinger]

Math.

It’s so funny that you still don’t know how a bill becomes law.

They hit RECORD high increases, prove that those revenue increases slowed, post the historical data showing revenue increases slowed.

Prove Bush43 could have vetoed the FY2009 Omnibus Spending Bill as you claimed.

 

[Stinger]

Yes, I know what the thread is, but you seem to think it is anything other than what it is.

It is specifically what the thread is about

Oh look you @rahl continue to dodge, what about a bill becoming law are you asserting I missed and be specific while you explain your assertion Bush could have and should have vetoed the FY2009 OSB and how that is written in how a bill becomes law. How many years have I been asking you now.

Rahl claims Bush43 and his tax rate cut is responsible for the FY2009 budget deficit because he could have and should have vetoed that omnibus budget bill. Do you make the same claim?

 

[rahl]

They hit RECORD high increases, prove that those revenue increases slowed, post the historical data showing revenue increases slowed.

If you collect something at 22% instead of 29%, you have collected less. This is mathematical fact.

Prove Bush43 could have vetoed the FY2009 Omnibus Spending Bill as you claimed.

 

[NWRatCon]

It is dynamically possible to increase tax revenues by lower the tax rate as was actually demonstrated hitting double digit increases after the Gingrich/Kasich and Bush43/Rep Congress, still the subject of the thread about supporting cutting taxes. This after has been demonstrated to you over and over the Clinton tax rate increase slowed the growth of federal tax revenues. You 6th grade civics class does not serve you well.

At least he attended.

 

[Deuce]

Why shouldn't the government budget be run like a household budget?

Because it isn't similar to a household budget, in any number of ways.

 

[NWRatCon]

It is as was actually demonstrated hitting double digit increases after the Gingrich/Kasich and Bush43/Rep Congress, still the subject of the thread about supporting cutting taxes. This after has been demonstrated to you over and over the Clinton tax rate increase slowed the growth of federal tax revenues. You 6th grade civics class does not serve you well.

You know, reposting the same crap over and over again does not make it any more credible. While It is theoretically "dynamically possible to increase tax revenues by lower the tax rate", the problem is, it just has never happened. Your assertions to the contrary have been debunked by nearly every qualified economist who has looked at the issue. And some of your claims are just too obviously false - like attributing numbers to the wrong FY, or ignoring world events that had an explanatory impact. It's obvious you don't understand economics in even a rudimentary fashion, much less macroeconomics, but we keep being subjected to your childish "theorizing". Even an autistic child - and I had two - would have given up that shtick by now. A+ for perseverance/obsession; F for execution.

 

[George50]

YES the Democrat Congress failed to pass any measures that helped mitigate the depth and length not wanting to work with Bush waiting for a Democrat President and then they did exactly the opposite of what they should have done and we had the worst economic recovery in modern history.

Wrong on all counts. Democrats didn’t have the votes to break a filibuster when Bush was president, Republicans in the Senate would not play ball with Bush at the end. The recovery took a long time because of the depth of the recession. Are you unaware that it was called the GREAT recession for a reason.


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Your /quotes screw up the formatting.

Trump is the big debt guy and he’s doing it again:

 

[George50]

It is dynamically possible to increase tax revenues by lower the tax rate as was actually demonstrated hitting double digit increases after the Gingrich/Kasich and Bush43/Rep Congress, still the subject of the thread about supporting cutting taxes. This after has been demonstrated to you over and over the Clinton tax rate increase slowed the growth of federal tax revenues. You 6th grade civics class does not serve you well.

The tax cuts pay for themselves idea doesn’t pan out. We have only seen that increasing rates increases collections and reducing rates decreases collections. Tax cuts may stimulate the economy, but not enough to offset the loss in tax revenue.

However, that does not mean that we may not see a gain in revenue after a tax cut. Unfortunately, the anomalies that connedservatives like to point to are because of other factors that are stronger. These are factors like recessions, inflation, Covid, population growth, etc.

For example, Republicans in the House are saying that record tax collections in 2022 were because of the Trump tax cuts, but when economists pick things apart, the real answer is that record tax collections in 2022 were because of inflation and population growth (immigration).