Bush's Tax Cuts and Big Spending: I need help

[TheDonkey]

Could someone help me understand the large amounts of money Bush has spent away with his many big tax giveaways for the wealthy and other big spending bills the rethuglican has pushed through.

I am trying to combat some fundies about his spending but I lack the actual numbers.

Thanks!

[wryter2000]

1. Kick

I don't have figures at work. But I'll give you a :kick:

[swag]

2. This site will help you get started

It's packed with good info, but I'll just link you to the cost of the tax cuts for starters:

http://www.cbpp.org/5-28-03tax.htm

[swag]

3. Please also look at this page

http://www.cbpp.org/1-7-04bud.htm

Domestic spending is certainly not the problem here.

The tax cuts are. The idiotic precious irresponsible tax cuts that the Wall Streeters (I admit, I am in the financial services industry myself) just cannot bear to lose.

Read widely, google wisely, make your case.

[TheDonkey]

4. Thanks wryter2000 and swag! I'll check the links tonight

If anyone has any more info please feel free to drop it :).

[54anickel]

5. The EPI usually has good info. Here's one of their links to a

transcript.

http://archive.epinet.org/real_media/030210/transcript.html

[ramapo]

6. Also....

Check out

www.taxfoundation.org

www.taxpolicycenter.org

www.ctj.org (Center for tax justice)

Pick up a copy of Perfectly Legal, it exposes the great tax scam of the past 20 years. Caution: The contents of the book may make you mad as hell

[radfringe]

7. here's a simple illustration on how bush* plan works

[swinney]

8. Souirces witth details

TAX FIRMS----

ctj.org--cbpp.org--economicprinciples.com--efficientfrontier.com--fairtaxes4all.org--nationalpriorities.org--geocities.com-

-economy.com--cbo.gov--taxpolicies.com--tax.org--ufe.org--taxpolicycenter.org--itepnet.org--crfb.org--cepr.com--

publicagenda.org--centerforeconomicandpolicyresearch--thelevyeconomicsinstitute--instituteforpolicystudies--luxembourgincomestudy--

nationaltaxassociations--publicdebt.treas.gov

[swinney]

9. Revenue-Expenditures

Current problem is a loss on Revenue side of ledger.

Deficits.

Recall in January 1981 our debt was 917 Billion.

In January 1992 it was 4,000.

Reagan tax cut did not create revenue as advertised and still promoted today by Stephen Moore of Club For Growth and others.

They claim revenue zoomed from 599B to 990B.

That is correct. But--it was not from an "income" tax cut.

"Payroll" taxes zoomed by 201 Billion. "Excise" taxes by 50 Billion. (These were tax increases implemented by Reagan.)

That left 140 due to "income" tax cut.

Carter had a greater percent increase in revenue from income taxes.

Clinton set records.

Plus, Reagan budgets(not Congress) increased spending by 80%.