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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (541526)	1/8/2010 12:02:56 AM
From: TimF	Read Replies (2) \| Respond to of 1576240

The statistics don't lie. The tax cuts only helped the rich......period. Nonsense on two levels. The taxes where cut for all tax payers not just the rich, so even directly they helped many non-rich people. Beyond that lower taxes reduces the direct burden and the indirect distortion and dead weight loss caused by taxation, so even people who didn't get a tax cut benefited. Beyond all that, you don't show any statistics in your post. You just boldly assert that the statistics support you. And even if the statement I quoted above was correct (and it certainly isn't), it doesn't support your point about tax cuts causing the housing/debt bubble. Enforcement decreased under Bush....it was all the news. In certain ways, in certain particular instances it did, like it has under just about every president, but broadly enforcement of regulation continued to increase.