tax cut or no tax cut?

[RubberDucky]

i was just wondering how many of you are supporters of bush's new proposal for further tax cuts. the president claims more money will be provided to boost the economy, but i contend that people will instead hoard the money they regain and not spend it.

we already have a weak economy, must we weaken the government too? and we're spending so much on this military action (War, whatever) and on rehabilitating the country of afghanistan... WHERES ALL THE MONEY GONNA COME FROM!?

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[Sjax]

Well as im not an american this might not be my business, but as the new danish premier minister has promised the same thing I want to state my opinion anyway. I think tax cuts are a very very bad idea. The things paid by taxes is usually mostly helping poor people (hospitals, puplic access libraries, puplic schools etc) by cutting the taxes these things will get worse or disappear.
Tax cuts makes rich people richer and poor people even more poor.

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Who controls the past controls the future: who controls the present controls the past. (George Orwell)

[paulgro]

It's Reganomics again which doesn't work. When you have a federal tax cut the states and cities lose money and have to raise property tax to make ends meet. So in the long run the working poor end up paying more which leaves them with less. You can't cut taxes without someone suffering...

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[CBranski]

Regarding federal taxes, one of the main issues is waste-just see how they spend your money and prepare to be disgusted! For the amount we pay, the feds must be prepared to either increase the amount of services or lower the tax rates. I'm personally tired of seeing my money being thrown down a black hole, and I'm on a very fixed income. (My car is 14 years old and has 153,000 miles on it.)

For many people in the US, local and state taxes are often more oppressive than the amount taken by the Feds-here in Wisconsin we have the third highest tax burden in the country AND a deficit of $1.3 billion! And no, our level of services isn't that much higher than anywhere else!

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[Idnew]

WB once again ducky.

Oh the money will come from us of course.

That's it in a nutshell cb...waste...our government sure knows how to do that. Would make more sense if they would give themselves less pay and benifits. I'm driving a 12 yr old car with 198,000 miles on it and seem to be getting further behind everyday. I'd like to know how they give away so much in earned income credit every year. My daughter got back over $4,000 last year and will probably get close to $5,000 this year. Now something doesn't add up here, but it's coming from somewhere.

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[cleoeo]

The tax cuts will increase my take home income by $12 per month, and I intend to spend that recklessly. So that ought to boost the economy big time and create lots more jobs.
I've got a 1988 Honda with 197,000 miles on it and a 1989 Chevrolet truck with 178,000 miles on it. The Honda was built in Ohio and the Chevy was built in Canada.

[ogb]

Tax cuts aren't the problem - spending too much for senseless issues by the government is it. In general I am a big supporter of a small state with low taxes and low expenses. In Germany the last balanced state budget is 33 years ago and they just spent 1/5 of the sums they spend today. In Prussia King Friedrich was the first over here to overcome an economical crisis with that philosophy and this is 200 years ago. This would work today as well, but it has to go hand in hand with unpopular expense cuts - and as this costs votes, nothing will be solved as always.

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Cicero (55 b.c.): The state budget must be balanced. The state treasure must be filled. The public debts must be lowered. The arrogance of the offices has to be controlled. The people have to relearn how to work, instead of living on public bills.

[Phreakmeister]

As a Dutchman, the tax cut in the US is not really my business. But I do feel the need to give my opinion on it.

I think it is a very bad thing. These tax cuts have to be paid by something. In order to be able to pay it, the state has to receive more money on other parts of the budget. This is what we call 'a cigar out of your own box'.
The general way of acquiring the money needed for tax cuts, is to reduce spending. In 99.9% of the cases, it is health care and education that will suffer from it. This way, the poor will be unevenly hurt.
Besides that, the tax cut the way Bush proposed it, and the way it will be executed, will for the rich be by far more profitable than for the poor, because the biggest cut in tax rate will be in the upper class of the tax scale, not in the lower class.
So the tax cuts will damage the poor and needy, and will be of even more joy to the rich.




[This message has been edited by Phreakmeister (edited January 17, 2002).]