Posts
….which anyone with an I.Q. over 1 knows does not happen no matter how many drugs the Republicans take in order to see that illusion.
Tax Cuts do not create Jobs. Why Do Republicans push this myth?
by Blue Creekwater, Yahoo! Answers?
I'm a small business owner here in Atlanta Ga. We have a clothing store, and have an online clothing website. Both do very well, I can tell you right now, as a business owner, as a person who comes from a family of small business owners. Tax Cuts do not create jobs. Tax cuts adds profits into business owners pockets. If I get another 10% Tax cut, as the republicans are planning to push, lets say it moves and wins. If my current staff is can handle the volume, there is no incentive for me to hire new employees. That is the way it works. [...]
Tax cuts for rich don't trickle down
By Lew Prince, politico.com -- 12/3/10
I’ve run a small business for more than 30 years, and the claim that more tax cuts for the rich can generate jobs at small businesses is ridiculous. Expecting high-end tax cuts to trickle down as job creation is about as reasonable as pouring gasoline on your hood and expecting it to run your engine.My company’s success or failure is tied to the economic health of our 24 employees, our customers, our community, our state and our country. [...]
Extending the Bush Tax Cuts: Would They Create More Jobs? Or Just Comfort The Comfortable?
John Keefe, The Macro View, moneywatch.com -- Jul 28, 2010
It’s about the top-line success of the business, and whether the Subway sandwich shop owner is selling more sandwiches, or the software consulting firm is adding new customers. Having been a small business owner, I know that taxes are very low on the priority list.
One more for you to take a look at.
The Bush Tax Cuts and the Economy
Congressional Research Service -- CRS Report for Congress
Thomas L. Hungerford, Specialist in Public Finance -- Dec 10, 2010
[pg 8]
Revenue Loss from the Bush Tax Cut ProvisionsOver five years, extending the provisions are estimated to reduce tax revenues by $869 billion. The 10-year revenue loss is estimated to be $2,023 billion. Debt service costs associated with permanently extending the Bush tax cuts are [...] estimated to be $450 billion. Sources
The American Taliban continue to push this lie and it has worked pretty damned well over the past 3 or so decades. They have to be taking in a pretty good off-the-books income from these corporations who got them into office in the first place.
