I am so tired of having to correct fools and prevaricators and having to defend facts and easily demonstrable proof and empirical evidence. I was gobsmacked at first, hearing this “We need to pay for any tax cuts.” Say what?
Let’s examine first the tax cuts put in by Calvin Coolidge, JFK and Reagan tax cuts. Following is a DIRECT QUOTE (sorry, but I have been accused of not properly citing! BS!) from the Mackinac Center for Public Policy:
“In each of the last three cuts in marginal tax rates, revenues received by the U.S. Treasury have increased. Coolidge cut tax rates in the 1920s, Kennedy cut marginal tax rates in the 1960s, and Reagan cut them in the 1980s.
Under Coolidge, marginal tax rates were cut from the top rate of 73% to 24%. The economy rewarded this policy by expanding 59% from 1921 to 1929. Revenues received by the federal treasury increased from $719 million in 1921 to more than $1.1 billion 1929. That’s a 61% increase (there was zero inflation in this period). Growth averaged more than six percent annually. We are currently growing at 2.5%.
Under Kennedy, marginal tax rates were cut from a top rate of 91% to 70%. In real dollar terms, the economy grew by 42%, an average of 5 percent a year from 1961 to 1965. Tax revenue to the U.S. Treasury increased by 62%. Adjusted for inflation, they rose by one-third.
Under Reagan, marginal tax rates were cut from a top of 70% to 28%. Revenues (from all taxes) to the U.S. Treasury nearly doubled. According to the Budget of the U.S. Government, FY 1997, Office of Management and Budget. Revenues increased from roughly $500 billion in 1980 to $1.1 trillion in 1990.”
END OF QUOTE
So, what part of this is confusing to readers? To further clarify, the Mackinac center went on to conclude “In each case, the personal income taxes paid by “the rich” increased when their tax rates were cut.” (Mackinac) The only option for disagreeing is to call the report from Mackinac Center a lie as well as claiming my source taxfoundation.org., are liars as well. That is complete BS. Anyone with the cahones to make that claim….publicly, I mean? C’mon…ya know ya want to.
Democrats are butt deep in leading their supporters in class warfare. The “richest Americans” mantra is an effort to paint the dichotomy as “us,” the poor, hard working tax payer, against them evil “richest Americans.” “What a tangled web we weave when first we practice to deceive.” Amazing, isn’t it? Democrats, led by Obama’s constant efforts at class warfare, are dividing us even further. I thought he was a uniter? BS! Progressives and their willing accomplices are all about pitting two groups against each other. Obama is all about this effort. He makes reference to it in nearly every speech.
Since the Civil Rights Act of 1964 Democrats have laid all their eggs in one basket – class warfare. In so doing they claim they are for the little guy, but who is it who they most harm by their efforts? The average wage earner is hurt by their policies. The well off and high wage earner are painted as evil and not doing their fair share, when the truth is we have a PROGRESSIVE (there’s that ugly word again!) tax system. That means the more one earns the HIGHER the percentage of tax they pay. Get it? A guy who grosses $50K pays a lower rate than a guy who grosses $1 million. Is this rocket science? The rich are already penalized for doing so well, but no, that’s not enough. Democrats must defame and destroy even further to push their agenda.
The top tax payers pay a hugely out of proportion percentage of the US tax revenues collected. Look it up! The top 2% already pay somewhere around 50% of ALL personal taxes paid by all Americans!!! But still Democrats play the class warfare game, even when they haven’t one iota of evidence to support their lie. Not one!
Tax cuts, as evidence shows, ALWAYS pay for themselves and then some. Tax cuts have led to MORE Treasury revenues collected. I know it’s counter intuitive, but one would think the self professed big brains could grasp this tidbit of undeniable fact, but somehow they just can’t wrap those large brains around the truth. So, does that prove that are not as smart as they claim? Or is it just a lie to win and keep favor with SOME easily swayed voters ever bent on getting even with those better off than themselves?
The evidence is not questionable, but clearly the oft-repeated slogans of Democrats are indeed needing to be explored for any factual nature. So far as I can tell, based on plenty of vetting, I can’t find a single example of major, nationwide tax cuts NOT more than paying for themselves. I can only hope when November 3rd dawns Democrats will do a serious examination as to why they got their butts kicked from power. Fat chance that, right?