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  Topic: 5 Dirty Little Secrets
About the Bush Tax Cuts
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5 Dirty Little Secrets
About the Bush Tax Cuts

Invesetor´s Business Daily, by John Merline

Original Article

Posted By:RustMB, 11/29/2012 7:21:36 AM

It´s been more than 10 years since President Bush signed his first round of tax cuts into law. And in the years since, those cuts have been the source of constant attacks. [snip] But a decade of debate and discussion has managed to shed little light on what the Bush tax cuts actually did. So as the debate heats up once again as part of the "fiscal cliff" negotiations, it´s worth taking the time to highlight some of the things most people never knew about the Bush-era tax cuts.

      


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Reply 1 - Posted by: Jebediah, 11/29/2012 8:23:54 AM     (No. 9038998)

And again I will ask, where the H--- was the Republican Party (or Romney for that matter) re: the tax cuts benefitting the "rich" when actually they benefitted the middle class the Party was trying to court? Just wait till Jan. lst and, amazingly, people will see just who those tax cuts benefitted, and how they actually HELPED the economy.....but don´t except the main stream media, for whom I have little but contempt, to point this out. And expect, as ever, a vast silence from the Republican Party.

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Reply 2 - Posted by: starsNstripes, 11/29/2012 8:57:57 AM     (No. 9039053)

Hey Jeb, you are right.

I wish we could for once have a candidate who is smart enough to know what to say and simple enough to say it in a way that connects with Joe Sixpack, Brenda Birthcontrol, Wilma Welfare, etc.


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Reply 3 - Posted by: god of irony, 11/29/2012 9:01:35 AM     (No. 9039058)

One of my biggest complaints is that Republicans are grossly incompetent when it comes to PR and educating the public. This article shows how easy it is to articulate that lower tax rates leads to more revenue.

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Reply 4 - Posted by: OhMy, 11/29/2012 9:11:59 AM     (No. 9039079)

Republicans are paralyzed by Alinsky tactics stirring ups envy, jealousy and hatred. They never manage to make these points. The GOP old bulls need to be replaced with someone with the guts and articulate enough to make this case. Capitalism is the most efficient way to organize society. Rich people get there by making good decisions about their investments. They make good decisions because they are playing with their own money. The Rich handle a lot of money but they do not consume so much more than other people. Obama and socialists make poor decisions in investments, they pick losers, because they are playing with other peoples money and they keep their job after they loose. Romney was too timid to compare his record of success at Bain Capital with Obama´s record of failure investing in the green economy.

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Reply 5 - Posted by: Clinger, 11/29/2012 9:17:23 AM     (No. 9039090)

We lost the argument incrementally over the years as the phrase "Bush tax cut for the rich" was used over and over.... For the vast majority of casual observes of the political process, also empowered to vote, the message was seared into their brains. Similarly in some circles Bush stole the election, flew the planes into the towers while he was hiding under a desk in a grade school. It´s an unchallenged given.



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Reply 6 - Posted by: jerseyden, 11/29/2012 9:22:49 AM     (No. 9039097)

Agree with all above. One of the things I don´t understand is why they are called the Bush tax cuts. They expired in 2010. They were extended by the "O" admin. I do believe they will expire by dem design so they can tax the middle class(that´s where the money is) and blame the repubs.

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Reply 7 - Posted by: oh-heck, 11/29/2012 9:32:13 AM     (No. 9039120)

The GOP would be foolish to get involved. Let the tax cuts expired and put those 8 million low income folks back on the tax roles. Let them figure out who´s working in their interests.

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Reply 8 - Posted by: zephyrgirl, 11/29/2012 10:27:20 AM     (No. 9039223)

Thanks to John McCain, the "Bush" tax cuts were temporary. Were it not for Johnny-boy all BO could call for now is tax increases. Instead, we have to fight on two fronts.

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Reply 9 - Posted by: brianod1, 11/29/2012 10:49:17 AM     (No. 9039291)

The use of the term "Bush tax cuts" shows just how in the pocket of the D party the press is. The current rates have been in existence for, what, over 10 years now. The previous rates were not something handed down by the Almighty - we do not need to go back to them, ever. If you don´t read ´keep existing tax rates´ in a story but instead read ´extend Bush tax cuts´ then you know you can ignore the story, and sadly that is essentially ever story ever written on tis topic.

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Reply 10 - Posted by: TXknitter, 11/29/2012 10:51:24 AM     (No. 9039297)

The old guard GOP lack guts and PR expertise. They won´t be winning any more major political battles until they learn that.

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Reply 11 - Posted by: firebatt, 11/29/2012 11:34:58 AM     (No. 9039390)

#7 Absolutly correct. I say let it happen. What does it matter which party looses the blame game. They both have become brother and sister of the same power hungry, spendthrift, feckless and arrogant family.

Let the finger pointing begin between Tweedledee and Tweedledum.

Sadly, we have no real American leader (Dem or Repub)and as the election demonstrated, a majority of the populace are ignorant and apathetic. Hit em in the wallet and maybe they will wake-up and give a sh*t.



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Reply 12 - Posted by: vinegrower, 11/29/2012 1:41:25 PM     (No. 9039655)

Even the talk show guys are not able to explain this properly. And why have the past Bush financial people not explained this?

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