Tax cuts


Dave Johnson's picture

Does It Matter What The Public Wants Or Needs?

Does it even matter what the public wants anymore? more »

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Deepak Bhargava's picture

The Lame Direction of the Lame Duck

Nearly 2 million U.S. workers are facing premature elimination of federally-funded unemployment benefits if Congress doesn't act by November 30. Yet the talk dominating Washington, D.C. these days is about extending George Bush's tax giveaway to the rich. Really?

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Dave Johnson's picture

Tax Cuts HURT Small and Medium Businesses

Much of the public believes that tax cuts "create jobs." A recent Rasmussen poll found that 59% of voters believe cutting taxes is better than increasing government spending as a job-creation tool. more »

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Eric Lotke's picture

April 15: The Issue Is Fairness, Not Taxes

When tax rates were steep, executives had more incentive to leave money in the company —investing for future growth, sharing with staff or hiring more people. Nowadays, with taxes so low, CEOs have more incentive simply to pay themselves. That’s a recipe for greed, not growth.

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Lauren Kiefer's picture

No New Ideas

The American people voted for change. While Obama is talking about a huge public works project, conservatives are still stuck in the same old place. They cannot seem to stop talking about tax cuts, as if that will solve every problem more »

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Armand Biroonak's picture

Bush Tax Cuts Leave a Deficit

The Bush tax cuts that promised to pay for themselves, in fact will cost American taxpayers $300 billion last year. The tax cuts are primarily responsible for the deficit.

Source
James Horney, "Smaller Deficit Estimate No Surprise: New OMB Estimates Do Not Support Claims About Tax Cuts," Center for Budget and Policy Priorities. 13 July 2007. http://www.cbpp.org/7-11-07bud.htm
Armand Biroonak's picture

Bush Tax Cuts Produce Employment Flop

The Bush and conservative-dominated Congress' tax cuts in 2001, and again in 2003 promised to create 5.5 million jobs from July 2003 through the end of 2004. Instead, only 2.4 million jobs were added during that period—1.7 million fewer jobs than the economy was expected to produce without any tax cuts.

Source
John S. Irons, "Bush's Tax and Budget Policies Fail to Promote Economic Growth," Center for American Progress.16 February 2006. http://www.americanprogress.org/issues/2006/02/b1425171.html

In January 2008, Fortune magazine asked people’s opinion about how to repair the economy. Here are some proposals to help the economy, favor or oppose?

- Tax cuts just for low and middle income people: Favor 76% Oppose 21%
- Limiting rate increases on adjustable rate mortgages to keep them more affordable: Favor 75% Oppose 21% more »

Source
Fortune Magazine, Jan. 14-16, 2008. http://www.pollingreport.com/budget.htm
Eran Lillestrand's picture

Bush's vetoed children's healthcare while defending tax cuts for the wealthy

Bush vetoed spending $35 billion over five years to provide health care for 4 million children, while defending the tax break that allows billionaire hedge fund operators to pay a lower rate than their receptionists

Source
“State Children’s Health Insurance Program (SCHIP): Reauthorization History,” The Kaiser Commission on Medicaid and the Uninsured, January 2008. http://www.kff.org/medicaid/upload/7743.pdf
Eran Lillestrand's picture

Tax cuts could be spent on education

The Bush tax cuts for households with annual incomes above $1 million will cost more than the federal government spent last year on K-12 and vocational education. The cuts will exceed the combined budgets of the Departments of Housing and Urban Development, Energy, and the Environmental Protection Agency.

Source
“The Skewed Benefits of Tax Cuts,” Center on Budget and Policy Priorities,” 4 February 2008. http://www.cbpp.org/2-4-08tax.htm