The Eagle opinion writers make an excellent point about inherent duplicitiousness of the fervent anti-tax crowd. It's become an ideology, near religious obsession, by some on the right to lower taxes despite economic conditions and existing tax rates.
What they don't seem to realize is that the battle to lower taxes, at least at the federal level, was won during the Reagan years when taxes had been very high. Former GOP Treasury Secretary Bruce Bartlett makes the case as well as anybody that protests over taxes today have more to do about the man in the White House and the party in power, than they do over real concern about deficits and taxes.
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5 comments:
David, how are you feeling about what the Democrats are doing in Washington? Are you looking forward to being forced to provide insurance to your employees and being penalized if it doesn't measure up? How about having your taxes raised to pay for healthcare? It is the middle class who will be taxed after all, not the rich as Obama promised.
Feeling any buyer's remorse?
Don't worry, it won't last long. It looks like the GOP just might take it all back sooner than anyone thought possible.
Lowering taxes was a key part of the economic recovery back then. you just answered his question. Taxes were high back then, Reagan got them lowered, the economy recovered. Lowering taxes causes people to consume more. It also causes businesses to invest and create more jobs. It's a fact.
I wish I could see the faces of people that make comments like Anon @5:45 when the GOP gains only a few seats next year. They are banking on the GOP taking back the house...Kinda shows how up to date they are with current events.
I wish I could see the faces on the liberal Democrats like anonymous at 8:27 PM when they no longer have the majority to pass outlandish bills that are against the will of the people, AND when Obama is beaten in the 2012 election, and goes out like Jimmy Carter.
A fine day that will be.
Amen!
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