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Many of the tax cuts aren't tax cuts, they are welfare payments to individuals who don't pay taxes.
The tax reductions for companies hiring workers won't stimulate hiring or expansion of businesses. In a time when hundreds of thousands of jobs per month will be lost, for several months, these tax breaks won't stimulate hiring. In fact, they are unlikely to be used at all, so this won't stimulate anything.
The Bush tax cuts will be allowed to expire, so that is a tax increase that won't be counted.
I don't understand how Republicans can possibly support the corruption of language represented by this proposal, and soften their opposition. I wish that columnists and Republicans would not go along with calling welfare payments tax cuts.
Plus, the added spending won't stimulate short, medium or long term growth. It will merely add to the debt and add uncertainty, which reduces business and consumer investment. Who will make those points, and fight for real solutions?
Comment: #1
Posted by: twculver
Sat Jan 10, 2009 7:02 AM
Tax cut? There aren't any tax CUTS. There's Tax CREDITS. There's a difference. I can tell you where this is gonna go, right now. "I tried harder than I ever tried before, in my life. But I CAN'T do any TAX CUTS. In fact, get ready for the biggest Tax Increase you've ever seen."
Gee, THAT'S never happened before.
Comment: #2
Posted by: Timothy L. Pennell
Sat Jan 10, 2009 8:08 AM
Sir;...Not to abuse Mr. Pennell, or Mr. Culver; but you are correct...It is smart politics to bring the republicans along..Tax cuts for the working people has always covered tax lobotomies for the rich; and they do not need the money and they do not spend the money unless it is used to corral even larger portions of the national wealth, in realestate, or investments in t bills, or dividend paying stock... Does it strike you as strange that the rich cannot pay taxes, but can afford treasury bills??? They do everything within their power to deny taxation to the government for legitimate expenses but instead of taking the loss of taxes they make a gain on the future debt of the nation... We need a tax cut... The little people need a tax cut, and a fair wage...To hell with the middle class subsidizing short income for the poor... Raise the minimum wage until it will pay taxes... Clearly, some people should be paid to stay out of the way, to stay off the roads at rush hour, and to stay out of the work place...It is an inevitble fact of life that some people have more gum than grease in them, and cannot move or think with any haste... But if working people can manage their jobs they should get a living wage.... In fact, while income should pay taxes, it is wealth that should support the country...Great wealth is a vice... Great wealth is impossible without great poverty... And part of great poverty, as demoralizing as that is -rests upon a powerless government.. ..And that is what denying revenue to government does...When you take from government the ability to demand justice, and leave it only the power to defend wealth; you no longer have a democracy...Property, which is to say, Wealth, once supported this country....When the income tax was first accepted it only affected13% of the country.... Now some people cry that it only affect 50% of the people because the rest are too poor, even with working, to qualify... Does that mean they do not make a profit with their labor??? No one hires anyone for charity... But short wages do not pay taxes, and across the board, while profits have soared, wages have sunk... Labor carries the whole country, and with income taxes, it carries it twice, and makes every worker work twice for the same money, and make money itself that much more expensive to have for housing, or capital... Now, it is only good politics to sell the republicans on tax cuts...It should only affect the poor, and the middle... But the national debt equals what the rich refuse to pay, because the poor cannot afford to pay more, and the country must still support itself...It cannot live on promises, on debt, or on theft...Look at the rich...They can afford to sway every election, and to bribe every official over the cost of election; but their bribes mean that not one of them will pay his share of the nation... They do not pay taxes, but invest in government... But we cannot afford to let them off the hook... There is no free ride, even for the rich...And the republicans are smart to not listen to the junk dealers like Limbaugh... People like that are as essential to this country as a scab is to a healthy man...Thanks...Sweeney
Comment: #3
Posted by: James A, Sweeney
Sun Jan 11, 2009 7:37 AM
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