Dick Gephart

This guy has got to be one of the biggest idiots in the world. He wants the tax cuts repealed including the ones that are under review and haven't passed yet. He claims the president is blind about the economic situation. Gephart is the biggest idiot in the world. If taxes are cut, especially on the stock dividends people will have more money to spend to boost the economy. He also says Bush only cares about helping out the wealthy corps. He must be misguided considering the democrats want to rid the world of the small business owner. I know this b/c my dad is a small business owner and thats a large reason why he considers himself a republican b/c they(democrats) try and drive him out of business. There is no way this guy will get elected President in '04.

Way too many politicians purposefully oversimplify these arguments in order to paint the picture they want us to believe. I've heard several people arguing against these tax cuts, claiming that because of those plus the expensive Iraqi war that we are doomed for a long recession. While I won't argue that the government is certainly bad at balancing it's checkbook, you have to look at tax cuts like these as an investment opportunity. If they have the desired effect on our economy the net revenue from existing taxes will outweigh what you could have gotten without them, AND you've created more jobs in the process.

hmmmmm,the 'trickle down theory':rolleyes: Give the well-heeled a big tax cut and the extra money that they spend will boost the economy?

Tried that here in the 1990's,didn't work.

Government ended up selling off billions of dollars of state owned assets to balance the books.Power stations and transmission lines,rail networks,banking services etc,etc...

10 years later,the corporate vultures have run it all into the ground and are ready to walk away.To prevent the rail network from disappearing into the history books,it looks like the government will have to buy it back.Our national airline has already been rescued from overseas interests when the international travel market collapsed.We are facing power shortages this winter because the overseas interests that own our networks and generating facilities would rather push the price up than invest in new generating capacity.Our roading network is crumbling,because instead of being maintained by the government,,the road contracts are let out to the cheapest cowboy who tenders for them.

As for the benefits of cutting taxes?well hospital waiting lists got so long that they had to take urgent action.Too bad that the action they took was to tell half the people on the lists that they were no longer eligible for the medical care that they were seeking.

Our Air Force has been gutted to the extent that its a major event for the RNZAF to take delivery of two troop transport planes...they replace Boing 727's for God's sake!We have no jet fighter squadrons, and some of the Hercs are living a charmed life beyond their flying time.

Tax cuts give to you in your hand half of what you already had in your back pocket.

Originally posted by taranaki
hmmmmm,the 'trickle down theory':rolleyes: Give the well-heeled a big tax cut and the extra money that they spend will boost the economy?

Tried that here in the 1990's,didn't work.



How about, we tried that here in the 80's and we had the most economic prosperity since that beginning of this country (BTW, Ronald Reagan is the man).

And what do you mean the well heeled a tax cut? What a damn stupid idea. Tax the rich more because they worked harder to get their money.

Ronald Regan will definately go down in history as one of the best Presidents ever. Some actually consider him the best president.

Originally posted by taranaki
hmmmmm,the 'trickle down theory':rolleyes: Give the well-heeled a big tax cut and the extra money that they spend will boost the economy?


trickle down theory (http://capmag.com/article.asp?ID=1115)


Tax cuts give to you in your hand half of what you already had in your back pocke

I'm not quite sure how this relates to whether or not one should cut taxes and/or how, could you explain this?

Originally posted by TexasF355F1
Ronald Regan will definately go down in history as one of the best Presidents ever. Some actually consider him the best president.

Behind Lincoln, he is the best president ever. No doubt.

Originally posted by TexasF355F1
This guy has got to be one of the biggest idiots in the world. He wants the tax cuts repealed including the ones that are under review and haven't passed yet. He claims the president is blind about the economic situation. Gephart is the biggest idiot in the world. If taxes are cut, especially on the stock dividends people will have more money to spend to boost the economy. He also says Bush only cares about helping out the wealthy corps. He must be misguided considering the democrats want to rid the world of the small business owner. I know this b/c my dad is a small business owner and thats a large reason why he considers himself a republican b/c they(democrats) try and drive him out of business. There is no way this guy will get elected President in '04.
As to Gephardt, his first name says it all.

Originally posted by taranaki
We are facing power shortages this winter because the overseas interests that own our networks and generating facilities would rather push the price up than invest in new generating capacity.Our roading network is crumbling,because instead of being maintained by the government,,the road contracts are let out to the cheapest cowboy who tenders for them.


I'm sorry, but i totally have to disagree with you there.

We are running out of power because our population has increased by atleast a quater more, since the last major powerplant was made in this country. The reason we have no more powerplants being made, is beacuse of enviromentelists, the RMA, and the labour government making it too bloodly hard to make any new powerstations. There is far too much law to go through, and paying off to government departments and such.

You can't expect to not run out of power, when you have such a huge amount of growth.

Roading is the same problem. How much roading tax does the government get? something like 500million, something like 100million is spent of roads. Petrol taxed has been raised once, and is about to go up again. So if the money we actually payed was used for the roads, instead of for paying for helens replacement jets (the replacements for the 727s), and social welfare.

We might actually have a country that people could be patriotic about.

sarujin

Originally posted by texan


I'm not quite sure how this relates to whether or not one should cut taxes and/or how, could you explain this?

Tax cuts put cash in your hand,but look where they come from.If the government is giving you money,it's not just printing off a few million extra banknotes,the money will have to come out of a fund that you already own a share of.Be it highway maintenance,conservation,public health,education,whatever,someone is going to end up getting less to spend for your benefit.The assets that you already have a share of are cut back and put in your hand as cash.Which is great until you are stuck in traffic for an hour becaue the government hasn't got the money to widen the road,or you get burgled and the law don't turn up until the next day because they don't have the resources to deal with non-violent crime,or any one of a thousand other services that you own a SHARE OF CAN'T DO THE BEST JOB THAT THEY COULD BECAUSE THEIR BUDGET HAS BEEN CUT.

Originally posted by Pick

As to Gephardt, his first name says it all.
LOL, hey man my dads name is Dick....ok its really Richard but thats what he goes by.;) Naki, as it is I get stuck in traffic b/c of road construction thats been going on for 5-10 years in about the same spot. So really if they cut it out of highway expenses it won't really affect it, just may delay it another few years which after you wait 5 years another couple doesn't really matter at that point.:)

Originally posted by taranaki


Tax cuts put cash in your hand,but look where they come from.If the government is giving you money,it's not just printing off a few million extra banknotes,the money will have to come out of a fund that you already own a share of.Be it highway maintenance,conservation,public health,education,whatever,someone is going to end up getting less to spend for your benefit.The assets that you already have a share of are cut back and put in your hand as cash.Which is great until you are stuck in traffic for an hour becaue the government hasn't got the money to widen the road,or you get burgled and the law don't turn up until the next day because they don't have the resources to deal with non-violent crime,or any one of a thousand other services that you own a SHARE OF CAN'T DO THE BEST JOB THAT THEY COULD BECAUSE THEIR BUDGET HAS BEEN CUT.

The whole point of a tax cut is giving back the people the money that was thiers to begin with. In this country, one reason we are seeing recession is because Clinton had no tax cuts, just hikes. So he overspent. This caused a deficit that Bush is currently trying to get us out of. Clinton, as many other liberals in this country think, thought that the government should decide what to do with your money, not you.

Little Dicky G. is a toad. Over the next year I'll gladly point out the tremendous number of things he's been wrong about and has totally misrepresented. Its Al Gore all over again but just farther to the left.













Never pay again for live sex! (http://showmewebcam.com/?p=1) | Hot girls doing naughty stuff for free! (http://showmewebcam.com/?p=3) | Chat for free! (http://showmewebcam.com/?p=5)

Originally posted by taranaki


Tax cuts put cash in your hand,but look where they come from.If the government is giving you money,it's not just printing off a few million extra banknotes,the money will have to come out of a fund that you already own a share of.Be it highway maintenance,conservation,public health,education,whatever,someone is going to end up getting less to spend for your benefit.The assets that you already have a share of are cut back and put in your hand as cash.Which is great until you are stuck in traffic for an hour becaue the government hasn't got the money to widen the road,or you get burgled and the law don't turn up until the next day because they don't have the resources to deal with non-violent crime,or any one of a thousand other services that you own a SHARE OF CAN'T DO THE BEST JOB THAT THEY COULD BECAUSE THEIR BUDGET HAS BEEN CUT.

Maybe if governments were halfway efficient, it would benefit the all?

Dick Gephart and others trying to repeal the tax cuts I think are looking only in the short term of things. There is no way to improve the economy and consumer spending over night. Bush's goal is a long term goal that may take a few years to take full effect but in the long run will work out for the better, IMO.

The funny thing is the Democrats in this country said the same damn thing about Reagan. They were against the tax cut then, and they called Reagan a moron. They said a tax cut would never help an economy........:rolleyes:

you do realise cutting taxes will results in lower public services

such as poorer schools
poorer libraries that will have less books and have had to cut staff (notice they don't have a lot of staff anyway)

There was something wrong with cutting taxes that made it a simplistic ideal that can go horribly wrong and which isn't a normal tactic by federal govenment,

I believe the truth is that Dick just wants to try and make anything the president does look wrong. If the president was talking tax increases Dick would say that we need tax cuts.
In regards to the expense of war with Iraq over five years this war is supposed to cost 120 billion dollars according to Newsweek. Well base on our enourmous population this only equates to everybody in our country contributing $450.00. Where do I send my check. Lets break it down over five years. That would only be 2 and a half cents per day per person.

Originally posted by NSX-R-SSJ20K
you do realise cutting taxes will results in lower public services


There is a difference between cutting tax rates and cutting tax revenue. The idea behind this tax rate cut is that it will stimulate the economy enough to (over several years) offset the immedaite loss in revenue, and even increase it in the long term. More importantly though, the immediate hope is that over the next 2 years this cut will help enliven the economy.

Originally posted by texan


There is a difference between cutting tax rates and cutting tax revenue. The idea behind this tax rate cut is that it will stimulate the economy enough to (over several years) offset the immedaite loss in revenue, and even increase it in the long term. More importantly though, the immediate hope is that over the next 2 years this cut will help enliven the economy.
That was my exact point. Its all for the long term advantages.

Originally posted by NSX-R-SSJ20K
you do realise cutting taxes will results in lower public services

such as poorer schools
poorer libraries that will have less books and have had to cut staff (notice they don't have a lot of staff anyway)

There was something wrong with cutting taxes that made it a simplistic ideal that can go horribly wrong and which isn't a normal tactic by federal govenment,

No country has ever taxed itself into prosperity. Lowering tax rates lead to higher revenues. Its happened every single time its been done. Clearly its not practicle to cut rates to zero (although I fully support that) but even small cuts in the marginal rates have shown that revenues increase dramatically.

Little Dick loves to say its a tax cut for the rich. He is full of shit. Its a tax cut for the workers. Somone with 50 million in the bank will pay zero taxes and recieve zero tax breaks on that money. He still has fifty million. A shmoe like me who pulls in around 150G a year pays 40K in income taxes alone. I am hardly rich. So lets see. Man with 50 Million now pays 0 and still pays zero. Man with 150K pays 40K. You do the math. Who is that tax cut for again?













Never pay again for live sex! (http://showmewebcam.com/?p=1) | Hot girls doing naughty stuff for free! (http://showmewebcam.com/?p=3) | Chat for free! (http://showmewebcam.com/?p=5)

The top 1% of American earners pay 35% of all income tax. The top 20% pay 83% of the total. And the top 50% pay almost 96% all federal income taxes.

So knowing this, what's the point of cutting taxes to the bottom 50%? Very little money would change hands, because very little money is changing hands now. Put simply, you can't cut what isn't being paid, and more importantly the idea of a tax cut at this point is to stimulate the economy. Giving the poorest Americans a few bucks back will do nothing for the economy, but give the richest some back (along with incentives for investment and business expansion) and you can actually make a difference.

That's the facts and theory anyway.

Originally posted by texan
The top 1% of American earners pay 35% of all income tax. The top 20% pay 83% of the total. And the top 50% pay almost 96% all federal income taxes.

So knowing this, what's the point of cutting taxes to the bottom 50%? Very little money would change hands, because very little money is changing hands now. Put simply, you can't cut what isn't being paid, and more importantly the idea of a tax cut at this point is to stimulate the economy. Giving the poorest Americans a few bucks back will do nothing for the economy, but give the richest some back (along with incentives for investment and business expansion) and you can actually make a difference.

That's the facts and theory anyway.

Actually, the top 1% in income pay 50% of all our taxes.

Ronald Reagan was most decidely the most loved President in my time. I'd also have to say Eisenhower was a great president. We had a great economy and a rapid arms build up against russia at the height of the cold war. Nixon ended Vietnam and had so many back to work after LBJ despite Watergate.