Yes: Allowing taxes to rise woulddamage a struggling economy
Should the Bush tax cuts be extended?No!In 2003 450
Economists' signed a statement opposing the Bush tax cuts, including ten of
the twenty-four American Nobel Prize laureates alive at the time, in February
2003 they urged the U.S. President George W. Bush not to enact the 2003 tax
cuts; seeking and sought to gather public support for the position. The
statement was printed as a full-page ad in The New York Times and released to
the public through the Economic Policy Institute. According to the statement,
the 450 plus economists who signed the statement believe that the 2003 Bush tax
cuts will increase inequality and the budget deficit, decreasing the ability of
the U.S. government to fund essential services, while failing to produce
The four people should just voluntarily give more next year and not ask me to
pay more if they feel so strongly about it. One way would be to use the simple
form instead of claiming deductions. This would greatly increase their tax
burden and help the situation out. However, I would venture to guess that they
all used every means possible to lower their tax burden this year and every
previous year they have paid. I say...put your money where your mouth is and
leave my money alone.
Democrats should really call republicans bluff and introduce a bill that repeals
all taxes for the "job creators." At zero percent our economy will
become the mecca for job creation and lets face it, it is the middle class that
needs the rich and not vice verse.
Corporate blackmail at its finest. One has to wonder, when will it
ever end? The rich and corporations can always "threaten" to take away
jobs if taxes aren't adjusted to their liking. I'm sorry,
but any country who bends to the whims of the very few is destined to fail. We shouldn't live terrorized and our government shouldn't be
blackmailed by the rich or corporations.Raise taxes. Do it.
Asking the guy who runs the C of C about tax cuts is like asking a Red Sox fan
about the Yankees. There may be some facts in the reply, but it shouldn't
be considered as neutral observations. Can we now look forward to a column by
someone who can explain just why the Bush tax cuts didn't make the nation
richer, and why doubling down for even MORE cuts would be unwise?
People who write about economics should know something about economics. If the
Bush tax cuts do expire--and let's fervently pray that that happens--they
would return us to the level of taxation that prevailed in the Clinton years.
Yes, please.The Bush tax cuts were the single most destructive and
foolish public policy initiative of my lifetime. They accomplished nothing
positive whatever. They made nonsense of the notion of fiscal responsibility,
and drove our deficits through the ceiling. They increased the income gap
exponentially. The only good thing about them--the ONLY good thing--is that
they came with an expiration date. That date approaches, and none too soon.