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The Swiftboating of Nancy Pelosi's Plane : Swingers Discussion 732571021
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FORUMSGeneral DiscussionsPoliticsThe Swiftboating of Nancy Pelosi's Plane
TOPIC: The Swiftboating of Nancy Pelosi's Plane
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"Higher taxation will allow for deficit reduction, which over the long term reduces interest rates. More borrowing by the government = higher interest rates. Higher interest rates means less investment in things that grow the economy. "..It has been proven that with lower tax rates revenvues increase, so then there would be a reduction in the deficit( Kennedy, Reagan and Bush for example). So if increased revenues that is needed then the best way is to reduce tax rates.The reason this is that money in hands of people is put to more productive use than money in the hands of the government. The reason the feds move to raise intrest rates is not to borrow money to meet payroll, it is cure the problem that causes inflation. That is Excess liqiudity, that is what would cause inflation. It also weakens that actual value of money. Next time pay attention in school.

Miramar FL
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You still need to explain how your higher taxation plan will result in enconomic growth.

Miramar FL
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"The economy will not only survive just fine - it will prosper.".....Higher taxation has NEVER fueled economic growth quite to the contrary it will reduce economic growth and lead to higher inflation which will lead to higher intrest charges and then the cycle continues.

Miramar FL
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And not a penny less!!!!!!!

Miramar FL
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""I'd be happy, as I've repeated ad nauseum, if the government taxed oil to pay for the military costs of keeping the oil supply available and stable. The resulting cents/BTU would quickly make a lot of alternative energy cost competitive. ". the fly in the ointment is that the military that is "used to keep the oil suppy stable" is not only benefiting the oil companies it is benefitting the whole world at large. So based on your aurgument why not asked to UN push it's member states to impose a global security tax so that we may keep the Middle East stable.

Miramar FL
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" It's purely economics"...You are right is purly ecomonics What really needs top be disscussed is what is actually driving the econmics. Why is it cheaper in the long run to import now when we have a vast supply here?

Miramar FL
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And I watch the ticker everyday and oil prices are going up in the last 3 weeks. it is not that hard demand goes up so does the price.

Saint Louis MO
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I remember the first Arab oil embargo happened with the Reps in office. UMMMM Jimmie the antisemite Carter was in office and Dems controlled congress in the late 70s

Saint Louis MO
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Perfect

"Agreed, but the fact is revenues are up significanty more than that. "

This statement can not be proven as you have no idea where collections would be at without the tax cuts. What is provable is that after GW first tax cut after taking office he borrowed an unprecidented amount, more than any prior president. I believe it was around $230+ billion.....that adds to the national debt. The deficit (debt) ceiling was just recently passed at around $9 Trillion dollars. The federal gov't cannot exceed this amount without shutting down gov't, therefore they keep raising the debt ceiling.

St Petersburg FL
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Aus

There is another reason for the appearance of increased revenue also. There is a hidden tax increase that the Bush administration does not speak of as well as prior presidents and that is the "Alternative Minimum Tax".

The threshold of income that pushes a tax payer into paying the "alternative minimum tax (AMT) is not indexed for inflation. The AMT applies to both individual and Corporate taxes. More corporations and individuals are being pushed into AMT every year (because the threshold doesn't change) and whenever the AMT is "higher" than "regular" tax rates.....the entity pays AMT. It is the "minimum" tax one can pay.

St Petersburg FL
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TOPIC: The Swiftboating of Nancy Pelosi's Plane