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Politics : Liberalism: Do You Agree We've Had Enough of It?
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To: Kenneth E. Phillipps who wrote (100076)2/17/2011 2:26:04 PM
From: grusum2 Recommendations   of 224729
 
Consider what would happen if we allowed all the tax cuts now scheduled to expire in 2012, including the ones enacted under Bush, to go away.

we would have been taxed more which would further stifle business and therefore reduce tax revenue, even though taxes were higher..

That would produce nearly as much deficit reduction over the next decade -- roughly $4 trillion -- as all the maneuvers of the Bowles-Simpson commission put together.

you don't get it, do you? we're on the downside of revenue from taxation. that means if you REDUCE taxes (and hopefully regulations), you get MORE tax revenue.

don't forget that 100% of nothing is nothing. combined federal and state taxes in many areas are nearly 50%! they're killing off the businesses that we absolutely need. you simply are not going to get more money with higher taxes. and if your types succeed in raising them, i guarantee you'll see less business and income to tax. less revenue, kenneth, and starvation for you whether you believe it or not.
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