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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth
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To: PartyTime who started this subject3/18/2004 4:41:35 PM
From: JCS  Read Replies (3) of 173976
 
Question for the board re Bush tax cut. I keep hearing GOP spokes people defending the tax cut for those making over $200K per year on the basis that rescinding it would put a hardship on the business owners and entrepreneurs
and thus stifle economic growth. I can understand not wanting to pay additional taxes on earnings over $200K but wouldn't you think that business owners would try to shelter that money by investing in their own businesses? In other other words why wouldn't rescinding the tax cuts stimulate the economy by that additional investment and create jobs? The money from the tax cut on salaries over $200K, on the other hand, is most likely going to be saved or invested in the stock market which provides little or no stimulus to the economy or am I missing something?
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