Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: TigerPaw who wrote (8112)	10/14/2002 9:08:31 PM
From: surfbaron	Read Replies (1) of 89467

Tiger: it's hard, in a forum like this to discuss tax treatments without writing a lenghthy piece to avoid sounding convoluted. i'll try again. <<ME-If his tax cuts were so wrongheaded why then did social security receipts go through the roof in the 80's? YOU-The tax cuts were in income tax, while the social security taxes were raised>> Its a fact total revenues(including ss receipts) in early 80's were approx 500Billion. At end of 80's it was approx 1,000Billion. 2/3 of that increase was ss receipts. My point is that the prevailing comments against the fed tax rate reductions amounted to "it will lower revenues". Tax receipts excluding ss receipts went up. <<<<ME-you can not argue that his cuts didn't increase revenue. YOU-That's a lot of negation so it's hard to parse just what you mean. It's pretty clear that federal revenues went down after the tax cuts, that's why there was a deficit on more or less the same amount of spending>>> Your contention that spending remained the same is just plain wrong. it went through the roof. on military and social programs. <<<<ME-the proper argument is the mis-accounting of those revenues i.e. ss receipts went for general spending YOU-Mis-accounting is not an argument, proper or not, so I can't determine what you are suggesting. I will agree that it was misleading to stop a separate accounting of the social security funds. Reagan pretty much invented the idea of looting pensions which has now come back to haunt Americans>>>> SS receipts have always been commingled and spent on general uses. Your blaming Reagan is either ignorance or hatred. <<<<ME-do you deny Tip commited to less spending? YOU-I don't recall Tip O'Neil ever pledging support to Reagan's agenda. If I recall he was a New Deal Democrat so why would anyone expect him to be a Republican water-carrier. >>>> you are indeed ignorant of the facts. It had nothing to do with carrying Republican water. The Dems controlled Congress, and the cuts passed by a significant margin. Tip gave his word to spending restraint and broke it. No it wasn't a binding contract, just a handshake agreement. But he couldn't or wouldn't keep it.

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