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Originally Posted by Zoe73 chizz: and my criticizing McCain for stating he would make tax cuts permanent (if elected) is at odds w/ your statement how?
I'm aware of the outside forces of the economy. Moreso what are we producing that gives us value - to invest in our markets. To wit those jobs are not here any more - but are outsourced elsewhere. Value of the dollar is dropping - check. Spending out of control - check. Got off the gold standard and inflation results - check. Can we get back to the gold standard? To control inflation? Not likely. Gold is worth more now and our dollar is losing value.
What on earth is making the tax cut on the richest permanent - going to do to change the above? That tax bracket is outsourcing cheaper labor by contracting outside the US? What can the fed do to encourage buying - lower interest rates - but our gross national product is what??? Who is going to invest in the US w/t a 2 percent rate of return. So the president doesn't control interest rates. Yet they have helped to outsource our value (produce what?) for cheap labor (mexico, India and Europe don't pay american income taxes) - so who picks up the tab for the lack of income tax revenue.
Suggesting this president cut the gas tax - when there is no support for it and if we responded by driving more - it would create more of a demand on oil and companies would respond by raising prices. As a consumer - we'd get no relief in the price as a result. Then we have a deficit in the highway transportation fund to refurbish bridges and highway - from the cut in the gas tax.
my vote isn't about who takes a shot w/ GW or who is more sympathetic to whether I like to hunt or pray. |
I wasn't referring to your post, Zoe. I agree with you. I'm against making the Bush tax cuts permanent 1) because with the current rate of inflation it simply isn't a good time to keep taxes on the upper class at the levels they enjoy under Bush, and 2) I would be against ANY measure to keep ANY tax cuts permanent. The economy is fragile, and it changes all the time. The answer to everything isn't "cut taxes," regardless of what the right wing wants us to believe. If that were so then neither Bush I nor Reagan would have raised taxes because they were against it in principle, but they realized that handling the economy takes a bit of pragmatism.
I also agree with you on the supposed "gas tax holiday," but then again so does every economist in the country. It's a stunt that neither McCain nor Hillary would actually enact in reality, but it sure sounds fun!