Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: neolib who wrote (124294)	7/9/2005 10:41:14 PM
From: bela_ghoulashi	Respond to of 794032

Following your mode of reasoning, all Dems want 100% tax rate, while all Reps want 0 taxes . Nothing in Nadine's "mode of reasoning" suggests that. It's not the logical extension of anything she said. You're simply fabricating it out of thin air.

To: neolib who wrote (124294)	7/9/2005 11:28:02 PM
From: Nadine Carroll	Read Replies (1) \| Respond to of 794032

But, that aside, I'm not claiming that Reps & Dems are identical. The Dems would well like to raise taxes the few % needed to balance the budget. The Reps will fight hard for a few % less. The polarising votes on the Hill are over those few %. Don't you understand that? So you agree that the Reps want to cut taxes, while the Dems want to raise them...and this is what you call having identical philosophies. Gotta admit, you've lost me there.

To: neolib who wrote (124294)	7/10/2005 2:33:30 AM
From: greenspirit	Read Replies (1) \| Respond to of 794032

President Reagan pushed through Congress tax reduction from 70% to nearly 26%. He had to appeal directly to the American people in order to pressure Democrats to go along after Carter's stagflation years. If the Democrats had their way, we would be back to 70% again. You're right; the difference is one of degrees. However, the separation is huge. Most Republicans would like to see taxes in the 15-40% range, while Democrats would like to see it in the 50-75% range. This seemingly small degree of difference causes tremendous macroeconomic impacts. The deficit is coming down rapidly now due to Bush's tax reduction strategy which created the environment around which businesses and individuals were more likely to succeed. Growth of nearly 4% has increased tax revenues dramatically, that growth will overcome the deficit numbers as long as spending remains within reasonable bounds. I would rather see America have the lowest tax rate possible while simultaneously balancing the budget. Where that number is depends on how many people in congress have the courage to limit spending. I've rarely seen a Democrat propose spending reductions; I've often heard Republicans propose spending reductions but then rarely deliver. The past is no guarantee of future performance. So we'll have to see who is willing to limit the giant sucking sound coming from America's bloated pig treasury. I'll wager conservatives are more likely to lead that fight and take the political darts from Demolibs who cry "you're starving children, starving the elderly, cutting off funding to secure our city" etc. etc....e.g. Hillary Clinton yesterday.