Regarding TAX CUTSS!

[Fgiriun]

A tax cut is obviously a reduction of taxes aimed to increase the real income of those whose tax rate is lowered, be it individual or corporate, in order to "incentive" these people into investing.
A tax cut's macroeconomical effect is not predictable. That is because its hard for the government to adjust to its reduced income as it determine whether or not taxpayers will spend the additional income they acquired. Tax cuts don't grant the government any services or products in return, such as infrastructure developments or education investments, but rather enslave the government into a continuous chain of tax cuts out of fear of a recession. If the events we are facing proves anything it proves the fact that tax cuts are treacherous to the stability of the economy as it promotes the widening of the wealth gap.

Tax cuts have historically been targeted towards the wealthy. Whenever a tax cut is targeted towards the non-wealthy it is in order to relieve their debt to the affluent so either way only the well-off are left with the upper hand. Tax cuts, in modern times, rarely lead to the creation of new jobs but it certainly is the culprit behind times of great poverty and deprivation. If tax cuts are given to businesses during our current recession it is highly likely that none would reinvest the money because there is little demand for anything. The working class would most likely either use it to pay off debt or save it due to fear of tougher times ahead. The only purpose a tax cut would serve, as it has through history, is to increase the deficit and overall national debt as well as the annihilation of the middle class as it keeps the elite loaded and the working class submissive.

Simply stated, tax cuts wont and don't generate demand. Only the government, trough investments, can instigate confidence into the market and reanimate the dying economy.

[Hello_Kitty]

1. Welcome to DU and I agree 100% eom

[Warpy]

2. The inheritance tax deal is actually not that bad a deal

with it's first 5 million tax free. That's enough to generate a comfortable life for several heirs but not enough to allow them to assume the mantle of plutocracy. The tax rate of 15% can be raised and made more progressive when we get a real Congress instead of a school of jellyfish.

The total removal of the inheritance tax for even the one year with the reversion to a low, pre Stupid exemption the next was a very, very bad idea.

[Fgiriun]

4. The government

must take any measures necessary to deminish plutocracy. But im realistic so that will probably not happen but the fact is that the wealthier the few get the weaker the government becomes and consequently the mixed market economy recedes leaving us in the situation we are in.

[hologram]

3. Kick.

:kick:

[RC]

5. Tax cut for the lower income do spur the economy.

When your income is less than a certain point, needed purchases are not made. Tax cuts for those people are very helpful in numerous ways.

Roll back bu$h's tax cuts and increase the taxes on the well to do to the level in Eisenhower days. That will go a long ways to get our country back on track.

Rescind the corporate person hood. This will help curtail political donations from big business, making it harder to finance the best government money can buy.

[davikim]

6. tax cuts do not create jobs

the tax cut I would need to hire a new employee would have to be HUGE, about 20,000.00. So, you can give me that money all day long but if I don't need another employee I'm not gonna hire one.........

[Fgiriun]

7. The recession

leaves Obama with an unique opportunity to restructure and undo all the wrongs that have been made since the Reagan years which were filled with deregulation and financial elitism. The neo-con movement as a whole must come to an end; replaced by a fair and just doctrine.
Unfortunately Obama is not just facing major unsurprising obstruction from the repugnant party but on top of that, weak democratic leadership not willing to spit venom back in the eyes of the repub-cons.