Do tax cuts help create Jobs?

Discussion in 'Opinion POLLS' started by Badmutha, Aug 1, 2011.

?

Do tax cuts help create Jobs?

  1. Yes

    56.6%
  2. No

    43.4%
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  1. Badmutha

    Badmutha New Member

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    I will provide the facts......the facts will provide the obvious answer......

    Unemployment Rate after The JFK Tax Cuts
    [​IMG]


    Unemployment Rate after The Reagan Tax Cuts
    [​IMG]


    Unemployment Rate after The Bush Tax Cuts
    [​IMG]

    The three largest tax cuts in US History......yielding three of the largest periods of economic, revenue, and job growth in US History.

    To believe tax cuts do not spur job growth.........is to ignore common sense and every economic reality in world history.
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    catalinacat and (deleted member) like this.
  2. speedingtime

    speedingtime Banned at Members Request

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    Well, First of all you should probably include the graphs over a greater time period to get a better idea of how it affected the economy...

    Unemployment Rate before/after The JFK Tax Cuts (1964)

    [​IMG]
    Unemployment Rate before/after The Reagan Tax Cuts (1981 and 1986)
    [​IMG]

    Unemployment Rate before/after The Bush Tax Cuts (2001/2003, still active)
    [​IMG]

    IMO, it really depends on the circumstances and what the tax rates are at that time and how much it's being cut by.
     
  3. Badmutha

    Badmutha New Member

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    I want to thank you for furthering my argument....

    Well the three largest tax cuts in history only proves it works every time.....
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  4. wayers

    wayers Member

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    This has always been a known. When Obama lets those tax cuts run out watch unemployment almost double.
     
  5. jorbaud

    jorbaud Banned

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    Tax cuts helps people keep more money. When people have more money they are more likely to spend. When people spend more money business are helped. When businesses are doing better they are more likely to hire more people to add to their profits.
     
  6. wayers

    wayers Member

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    Excellent Analogy and explanation for the slow.
     
  7. Subdermal

    Subdermal Banned

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    Great thread. I don't see Iriemon anywhere in it. :lol:

    Now this should be paired with the next truth: Tax Cuts Increase Revenue.
     
  8. Badmutha

    Badmutha New Member

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    ....his bottom is still red.....

    Ask and you shall receive.........

    Federal Revenue After The Bush Tax Cuts
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    Federal Revenue After The Reagan Tax Cuts
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    Federal Revenue After The JFK/Johnson Tax Cuts
    [​IMG]

    .....and yet liberals still manage to convince themselves that tax cuts dont work........when it appears they work everytime they have been tried.
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  9. speedingtime

    speedingtime Banned at Members Request

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    http://www.factcheck.org/taxes/supply-side_spin.html

    http://krugman.blogs.nytimes.com/2008/01/17/reagan-and-revenue/
    (And I know you're going to disregard it because it's from Krugman anyway.)
     
  10. sunnyside

    sunnyside Well-Known Member

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    Ugh. I should make a sig slamming two choice polls.

    Anyway I think it almost entirely depends on where the tax cuts are applied.

    A tax cut that gives everybody $50 will stimulate the economy...in China.

    Reductions in corporate tax rates and the like for businesses in the US can however lower the unemployment rate.
     
  11. rahl

    rahl Banned

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    problem is, reality doesn't reflect that theory. taxes are the lowest they've been in 60 years, and unemployment is still over 9%.

    so much for that argument.
     
  12. webrockk

    webrockk Well-Known Member Past Donor

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    You have...all by yourself...stumbled on the absurdity of one nations Keynesian 'stimulus' efforts in an increasingly global economy.
     
  13. Badmutha

    Badmutha New Member

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    Well it was laughable when you posted McCamnesty (d)......but hilarious when you cited Krugman.

    .....much like our economic illiterate President......Krugman has never ran anything....and wouldnt have the slightest clue what tax cuts do for people that actually create the jobs.
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  14. speedingtime

    speedingtime Banned at Members Request

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    I wasn't "citing" McCain, I was citing FactCheck.org. Do you have an argument to disregard their and Krugman's points? Because I'd be willing to listen if you did.
     
  15. Badmutha

    Badmutha New Member

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    Would you prefer unemployment was at 30%?

    .....a tax hike can get us there.....
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  16. rahl

    rahl Banned

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    reality disagrees.

    personal income tax rates have no relevance or effect what so ever to a businesses hiring practices. Only demand for production has any effect on employment.
     
  17. jorbaud

    jorbaud Banned

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    It is because Obama is causing too much uncertainty.
     
  18. rahl

    rahl Banned

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    unemployment was in freefall before he took office.

    there goes that argument as well.
     
  19. jorbaud

    jorbaud Banned

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    Unemployment was in a freefall because the democrats held the majority in congress...
     
  20. RPA1

    RPA1 Well-Known Member Past Donor

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    Increasing tax cuts to corporations or the 'rich' will only result in those entities cutting back on their spending. That means those who provide goods and services to those entities will be out of a job.

    Remember, we are talking about an INCREASE in the debt ceiling. Spending cuts apply to that INCREASE not to current spending. Taking more money from those that buy products or produce goods and services will only cut revenue to the Federal Government.

    Creating class warfare is the lynch-pin of socialist manipulation of the masses. Don't fall for it.
     
  21. Borat

    Borat Banned

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    The lion's share of tax cuts typically ends up in the pockets of the Bill Gates and Warren Buffets of the world and has no positive effect on the economy whatsoever. These individuals and their companies don't need additional disposable income to spend so the money is completely wasted. Given that there is no noticeable increase in demand for the goods and services their companies produce the money is not used to expand and hire more staff either.

    These tax cuts don't stimulate the economy at best or are used to outsource existing jobs to the third world countries at worst. Meanwhile the government is losing hundreds of billions of its revenue that could have been used to build roads and bridges, hire more police, troops, firefighters, establish scientific grants, carry out ambitious scientific projects(does NASA ring a bell?)...in other words create a significant number of new jobs.
     
  22. RPA1

    RPA1 Well-Known Member Past Donor

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    I see, so we institute draconian tax cuts to EVERYONE you decide is too rich? At what point do you think YOU will be considered rich? You see the problem here with your class warfare thinking?

    High taxes are one reason companies outsource in the first place. The liberal dogma..."Create a problem, then demagogue the issue by claiming to solve it." At the same time, hold the public hostage by cutting needed infrastructure and services claiming you need more of their money.

    I have a suggestion, why don't all liberals just give more? There is no law against paying more taxes you know. Heck Gates and Buffet are both liberals, they could pay a lot more in taxes if they wanted.

    Also, why does the government have to control the economy in the first place? Isn't it about time to cut the government death-grip on our hard-earned money? They have made a complete mess of it.
     
  23. Badmutha

    Badmutha New Member

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    To argue tax cuts do not benefit job creation......is to argue tax hikes are not a detrement to job creation....which is just as insane. I mean seriously, do you really need Krugman, or Reich, or anyone to help you figure this out on your own.

    A Pay Raise to every Employer, Job Creator, Entreprenuer, Producer, and Worker in this country.........

    .....how can anyone besides Stevie Wonder not see the economic benefits......
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  24. speedingtime

    speedingtime Banned at Members Request

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    Not arguing that. They were saying that tax cuts did not increase revenue.
     
  25. Badmutha

    Badmutha New Member

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    Thats 100% Contradiction.......

    "no relevance or effect what so ever"...."only demand has any effect".......

    Well doesnt a consumer with MORE MONEY typically yield MORE DEMAND?

    Your living in a different reality........
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