Quote:WASHINGTON, July 12 - For the first time since President Bush took office, an unexpected leap in tax revenue is about to shrink the federal budget deficit this year, by nearly $100 billion.

<a href='http://www.nytimes.com/2005/07/13/business/13deficit.html?ei=5065&en=9dcb06aa0092a4e4&ex=1121918400&partner=MYWAY&pagewanted=print' target='_blank'>Sharp Increase in Tax Revenue Will Pare U.S. Deficit</a>

Before I hear shouts like, "Oh, now you find the NY Times credible?


<a href='http://www.bloomberg.com/apps/news?pid=10000103&sid=aZgwyLsWjDDc&refer=us' target='_blank'>Bloomberg Source</a>



Boortz's Take:

Quote:OK .. so liberals and Democrats absolutely hate it when you point out that there was indeed a connection, and a dangerous one it seems, between Iraq and Saddam Hussein and Al Qaeda and Osama bin Laden.&nbsp; Well, let me tell you another little fact that liberals run from like it was death itself.&nbsp; That fact would be the relationship between tax cuts and increased tax revenue.&nbsp; No matter how many times it happens ... the Kennedy tax cut ... the Reagan tax cut ....and now the Bush tax cut .... liberals just absolutely by God refuse to admit that the relationship exists.&nbsp; To the surge in tax revenue ... about a billion dollars a day higher than it was one year ago ... cutting the projected budget deficit by $90 billion dollars.&nbsp; If tax revenues continue apace it may well be that Bush will meet his pledge to cut the deficit significantly three years before the end of his term.&nbsp; You will remember that just a few months ago the media was full of reports that our deficit was going to increase, not decrease.&nbsp; Alas!&nbsp; It hasn't turned out that way.

Don't fret, my dear liberal friends.&nbsp; You will still be able to rant about the economic ills brought upon us by Bush's horrible tax cut for the rich.&nbsp; You'll be able to continue with your prevarications because you can rest assured that the mainstream media will pay little attention to this news of revenue increases.&nbsp; Only people who watch the Fox News Channel and listen to hate radio will know the truth .. and you'll be free to continue with yet another Big Lie.

{Chirp Chirp, Chirp Chirp} :drink:

They're too busy concocting their next <a href='http://www.limanews.com/story.php?IDnum=15762' target='_blank'>exaggerated sob story.</a> Truth be damned. (Not to mention the truth about how to solve these problems).

Can some lib on here tell me again how tax cuts don't work for spurring the economy?

Ninerfan1 Wrote:Can some lib on here tell me again how tax cuts don't work for spurring the economy?

They work, but just work for the rich. Everyone else gets poorer.

DrTorch Wrote:

Ninerfan1 Wrote:Can some lib on here tell me again how tax cuts don't work for spurring the economy?

They work, but just work for the rich. Everyone else gets poorer.

I pray you are being sarcastic.

RebelKev Wrote:

DrTorch Wrote:

Ninerfan1 Wrote:Can some lib on here tell me again how tax cuts don't work for spurring the economy?

They work, but just work for the rich. Everyone else gets poorer.

I pray you are being sarcastic.

Moi? :angel:

Ninerfan1 Wrote:Can some lib on here tell me again how tax cuts don't work for spurring the economy?

Not a Lib, but usually when Republicans offer a "tax break", they usually get rid of a deduction or lower taxable income limtits or something that raises taxes on the average taxpayer. That was how Reagan got it done. I am sure W can follow suit.

uhmump95 Wrote:Not a Lib, but usually when Republicans offer a "tax break", they usually get rid of a deduction or lower taxable income limtits or something that raises taxes on the average taxpayer.&nbsp; That was how Reagan got it done.&nbsp; I am sure W can follow suit.

Can you inform me who's taxes were raised under Bush's tax cut? Keep in mind that by raised I mean that they pay more in taxes today than they did before the tax cut yet their income remains the same.

Let me just offer you a suggestion before you attempt to answer. Tax cuts are a proven stimulus to economic growth. To put it more plainly, tax revenues have increased since Bush lowered taxes. The economy has grown, unemployment is at it's lowest in years and the S&P 500 just hit a 4 year high.

In light of all this is it your intention to argue that tax cuts are bad for the economy?

...and John Kennedy was the first to support tax cuts. It increased revenues as well.

Ninerfan1 Wrote:In light of all this is it your intention to argue that tax cuts are bad for the economy?

just for fun, try explaining the laffer curve to him.

Ninerfan1 Wrote:In light of all this is it your intention to argue that tax cuts are bad for the economy?

No but I'm sure your dumba$$ will attempt to make a big argument out of it.

uhmump95 Wrote:No but I'm sure your dumba$$ will attempt to make a big argument out of it.

Wow. personal attacks and name calling. The last refuge of those messageboard souls who can't formulate logical arguments and engage in educated discussion. :laugh:

Quote:just for fun, try explaining the laffer curve to him.

I would but I could never convince him it wasn't just a laugh slowly rising in pitch.