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The Revolution Lives
THE REVOLUTION LIVES....Conservatives have been mostly at sea over the banking crisis, and I figure one of the reasons is that even modern movement conservatives have been unable to argue with a straight face that the solution to a systemic global credit crisis is the right wing's usual economic cure-all: tax cuts. This isn't entirely true, of course, as we saw a couple of weeks ago when the wingnuts in the Republican Study Committee held up the bailout bill because they thought that eliminating the capital gains tax ought to be a part of the package. Still, that one desultory effort aside, there's just been no way to plausibly pretend that extending the tax cut revolution was a serious answer to preventing financial meltdown.
Until now! Check out my abridged version of John McCain's latest economic plan:
Lower Taxes On....Suspend Tax Rules That....Accelerate The Tax Write-Off For....Reduce Capital Gains Taxes For....Eliminate Taxes On....
There's nothing like that old time gospel, is there? You name a problem, and the answer is tax cuts for the well-off. For more detail and less snark, Robert Gordon and James Kvaal have you covered here.
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Since cutting taxes for the wealthy and corporations seems to be the ultimate solution for conservatives?fighting a war? Cut taxes on the rich. Need to rebuild infrastructure? Cut taxes on the rich?ad nauseum, why don't we just reduce all taxes on corporations and the wealthy to zero, solve all our problems at once, and bask in the resulting conservative paradise?
Since cutting taxes for the wealthy and corporations seems to be the ultimate solution for conservatives?fighting a war? Cut taxes on the rich. Need to rebuild infrastructure? Cut taxes on the rich?ad nauseum, why don't we just reduce all taxes on corporations and the wealthy to zero, solve all our problems at once, and bask in the resulting conservative paradise?
Heard on NPR that McSame's economic plan, er I mean the taxcut plan, was delayed because of differences within the campaign. I suppose one faction wanted a real economic plan that talked about jobs and such, but the majority won out and pushed the taxcut plan through disguised as an economic plan.
No Gas Tax Holiday?
More snark, not less please !
"...A little patience, and we shall see the reign of witches pass over, their spells dissolve, and the people, recovering their true sight, restore their government to it's true principles. It is true that in the mean time we are suffering deeply in spirit, and incurring the horrors of a war & long oppressions of enormous public debt...." - Thomas Jefferson
Silly man. Everyone knows that the real answer to the problem is more drilling. Offshore drilling would let us break even. ANWR would put us in the black.
After that, with tax cuts, everyone gets a pony.
Remember President Bush partially NATIONALIZED the banking system and the major Wall Street brokers.
It just goes to show that old Vulcan proverb:
Only Nixon could go to China
Oh wow, more deregulation for corporations, and tax cuts too for corporations - but only the ones that contribute to the GOP, I'm sure.
It's like how happy little Bushie was when he realized that Hurricane Katrina gave him, yet again, another reason to loot the taxpayers money in a free for all to his favor campaign contributors. Oh, and New Orleans pretty much got nothing but a big mess out of Bushies generosity that was never intended for them.
Do you have any links on some discussion about Obama's new proposals, specifically the $3,000 tax credit for job creation? I'm honestly not sure what the thinking behind it is. I'm legitimate curious if this is a serious proposal that was based on the advice of the economists on his campaign or if this was more of a political ploy. I don't mean that as a slam, but I don't know how to sort through the thinking behind it.
Giuliani 9/11, 9/11, 9/11
McCain tax cut, surge, tax cut, surge
At least we are getting more variety.
Since cutting taxes for the wealthy and corporations seems to be the ultimate solution for conservativesfighting a war? Cut taxes on the rich. Need to rebuild infrastructure? Cut taxes on the richad nauseum, why don't we just reduce all taxes on corporations and the wealthy to zero, solve all our problems at once, and bask in the resulting conservative paradise?
GOP Governing principal #4:
If it can't be solved with a tax cut, then it's a problem not worth solving.
Actually, bail-outs and gifts are negative tax cuts.
Now, let's be fair. There is nothing really wrong with tax cuts...as long as there are spending cuts to go with them.
That whole spending cut part of the equation always seems to get lost.
We can't ever solve any fiscal problems in this country because spending cuts always gore somebody's sacred bull or campaign contributor.
America's creditors will insist taxes be raised and spending cut. There is no other way to pay off America's debts, since America can no longer make more than it spends.
Tax Cuts - Apply directly to the wealthy.
Tax Cuts - Apply directly to the wealthy.
Tax Cuts - Apply directly to the wealthy.
Hey John, will a tax cut shrink swollen hemorrhoids or whatever it is that prevents clear thinking for your campaign?
People with no incomes pay no taxes and can't be seduced by the promise of a tax-cut.
People with no incomes cannot benefit from a health care insurance tax-break.
Read my lipstick: No new tax-breaks.
Meanwhile the poor are disenfranchised by the regulations at their local election boards.
Oh yeah!
1) The best way to reduce government monetary debt is via inflation. We are coming to that point. Watch out! Look to history.
2) The Conservatives are at sea because everything that is happening is contrarary to their understanding and beliefs. There's nothing they can grasp on to. Reality contradicts their precepts. Capitalism was king. How could the king die? How could they possibly invest in banks??!!
But they cannot admit reality. Or engage prasmatically.
*******
The last 7 years have been hell. They've robbed the poor and middle-class. And we don't need change? Does anyone have to give these criminals any slack?
Reducing the capital gains tax makes it more profitable to invest in the stock market. To the extent that falling stock prices are a problem in and of themselves, it's a reasonable proposal. Corporate boards do seem to pay a lot of attention to the stock price, and may be more likely to authorize lay-offs, etc., is the stock is down (as opposed to profits being down while the stock price stays up). Cutting the capital gains tax may well not be the best measure, but it's hardly irrelevant to the problems at hand.