Tarver wrote:The McCain campaign should never have allowed this to slip out, as it looks terrible considering the current state of our economy and the image Palin is trying to project.
That said, Fulldeck's point stands. Do you not expect these people to look their best?
While Palin is getting 150k on her outfits, Obama is resoling his shoes so he doesn't have to buy another pair. This is a really stupid issue, but if you want to bring it down to Earth that far, who is more elitist, really? I just found it ironic, as much of a non-issue as it may be and trust me, it IS a non-issue.
Popeye_Card wrote:Lowering the rate (like lowering the individual tax rates) will do nothing but cut revenue the government is bringing in.
Good.
Naive.
We can't pay for Iraq. Irresponsible.
tax rates have been lowered for the last 8 years, primarily on the high end income and investments. Is it mere coincidence that we have greater deficits, larger gap between rich and poor? You would think with the lower tax rates in place for so long, we'd have a rip-roaring economy now - but we don't
I believe tax revenue actually went up, but spending skyrocketed (war, medicare and the bailouts etc.).
Popeye_Card wrote:Lowering the rate (like lowering the individual tax rates) will do nothing but cut revenue the government is bringing in.
Good.
Naive.
We can't pay for Iraq. Irresponsible.
tax rates have been lowered for the last 8 years, primarily on the high end income and investments. Is it mere coincidence that we have greater deficits, larger gap between rich and poor? You would think with the lower tax rates in place for so long, we'd have a rip-roaring economy now - but we don't
I believe tax revenue actually went up, but spending skyrocketed (war, medicare and the bailouts etc.).
In the short term you are correct. but in the long term no.
The real role lower taxes played in raising tax revenues, was their contribution to the economic bubble that has burst. Tax Revenues went up as a result of a higher Tax Base during the economic bubbling. During this period, the economy was jacked up on all the stimulants poured in the market - stimulants such as lower taxes and rebates, increased govt spending, and low interest rates. The economy was on a sugar high, and now the fallout.
We'll see how the federal tax revenues look with our low taxes we pay in 2008. The best way to pay lower taxes, is to not make as much money. And with that, the policies have succeeded.
Popeye_Card wrote:Lowering the rate (like lowering the individual tax rates) will do nothing but cut revenue the government is bringing in.
Good.
Naive.
We can't pay for Iraq. Irresponsible.
tax rates have been lowered for the last 8 years, primarily on the high end income and investments. Is it mere coincidence that we have greater deficits, larger gap between rich and poor? You would think with the lower tax rates in place for so long, we'd have a rip-roaring economy now - but we don't
I believe tax revenue actually went up, but spending skyrocketed (war, medicare and the bailouts etc.).
In the short term you are correct. but in the long term no.
The real role lower taxes played in raising tax revenues, was their contribution to the economic bubble that has burst. Tax Revenues went up as a result of a higher Tax Base during the economic bubbling. During this period, the economy was jacked up on all the stimulants poured in the market - stimulants such as lower taxes and rebates, increased govt spending, and low interest rates. The economy was on a sugar high, and now the fallout.
We'll see how the federal tax revenues look with our low taxes we pay in 2008. The best way to pay lower taxes, is to not make as much money. And with that, the policies have succeeded.
I don't think anybody has provided data on the Laffer Curve. Theoretically, at some point, higher taxation will indeed lower tax revenues, but what that point is--who knows.
Additionally, I thought that tax revenue from the highest income brackets was more variable than from, say, middle-class tax brackets, because such high income really depends upon favorable economic conditions.
For instance, there won't be much tax revenue from Lehman Brothers executives this year.
DiLLaGii wrote:Have you discussed about Biden's comments on "international crisis" yet? If so, if someone can tell me what page it is that would be nice.
Gosh, we need an index/glossary for this thread.
This is all you need to know:
jim wrote:McCain doesn't even seem real to me. If you like cut him oepn wires and stuff would just pop out. If you heit jhm in the jaw he his head woudl act liek rock in sockem robots.
DiLLaGii wrote:Have you discussed about Biden's comments on "international crisis" yet? If so, if someone can tell me what page it is that would be nice.
Gosh, we need an index/glossary for this thread.
This is all you need to know:
jim wrote:McCain doesn't even seem real to me. If you like cut him oepn wires and stuff would just pop out. If you heit jhm in the jaw he his head woudl act liek rock in sockem robots.
