Thursday, August 9, 2012

Cutting Taxes Does Not Raise Revenue

So many Republicans believe that it does, though, that the Wall Street Journal's editorial page can say things like this and expect to get away with it:
Every major marginal rate income tax cut of the last 50 years—1964, 1981, 1986 and 2003—was followed by an unexpectedly large increase in tax revenues, a surge in taxes paid by the rich, and a more progressive tax code—i.e., the share of taxes paid by the richest 1% rose.
Interesting that they omit the biggest tax cut ever, the one Bush II passed in 2001, which caused a huge fall in government revenue. Matt Steinglass took a look at the second-biggest tax cut ever, the one Reagan passed in 1981:
Behold the Historical Tables of the Office of Management and Budget. The federal government's receipts for 1981-86, in billions of 2005 dollars:
  • 1981    1,251.1
  • 1982    1,202.6
  • 1983    1,113.4
  • 1984    1,173.9
  • 1985    1,250.5
  • 1986    1,277.2 
Do you see the "unexpectedly large increase in tax revenues" resulting from the 1981 marginal rate income tax cut? Me neither! It took five years just to get back to par.
This is not just another ordinary lie, either, but one that drives the Republican base toward both a false view of the world and a mad rage against people who oppose tax cuts. We will never have intelligent budgeting again until we defeat this mad notion.

No comments:

 
n="center"> SIGN UP!!! CLICK HERE TO GET 52 BOOKS FREE!!

SIGN UP!! FOR BOOKS AND REGULAR ARTICLES

https://againstsatanism.com/Prices.htm

 

HOW TO DEFEAT SATANISM AND LUCIFERIANISM AND BOOST YOUR EVOLUTION THROUGH ENERGY ENHANCEMENT MEDITATION

"I have experience of many forms of meditation and practices for self improvement including: Transcendental meditation (TM) 12 years, Kriya Yoga 9 years, Sushila Buddhi Dharma (SUBUD) 7 years, and more recently the Sedona Method and the Course in Miracles.

The Energy Enhancement programme encapsulates and expands all of these systems, it is complete and no questions are left unanswered."

Jean, NUCLEAR ENGINEER

 

Energy Enhancement Level 0 Super Chi Prana, Power, Strength, Immortality

https://www.energyenhancement.org/LEVEL-Energy-Enhancement-Super-Chi-Immortality-Prana-Meditation-Course.htm

Energy Enhancement Meditation LEVEL 1 Immortality - Activate the Antahkarana! Gain Infinite Energy from the Chakras above the Head - Power UP!! Open Your Third Eye, Gain Super Samadhi Kundalini Alchemical VITRIOL Energy. Ground All Negative Energies. Access Quantum Immortality

https://www.energyenhancement.org/Level1.htm

Energy Enhancement Meditation LEVEL 2 - The Energy Enhancement Seven Step Process to Totally Remove Energy Blockages, Totally Remove All Problems, Totally Remove Negative Emotions, Heal Your DNA, Remove your Karma - OPEN YOUR LIFE!!

https://www.energyenhancement.org/Level2.htm

Energy Enhancement Meditation LEVEL 3 - Eliminate even Deeper Energy Blockages - The Removal of Strategies. Quantum Integration. The Karma Cleaning Process to Totally Eliminate All Your Karma, all your Trauma, all your Energy Blockages from All your Past Lifetimes!!

https://www.energyenhancement.org/Level3.htm

Energy Enhancement Meditation LEVEL 4 - Stop the Suck!! Heal All your Relationships!! Find Your Twin Flame!! MASTER ENERGY CONNECTIONS AND RELATIONSHIPS

https://www.energyenhancement.org/Level4.htm

 

OUR SPECIAL MEDITATION REVOLUTION OFFER!!

WE HAVE THE TECHNOLOGY

WE CAN REMOVE YOUR ENERGY BLOCKAGES, ENTITIES AND DEMONS

WE CAN RE-BUILD YOU..