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If only it were true. The Democratic plan included tax increases and budget cuts to help the deficit, plus some stimulus to get the economy moving (the biggest thing you can do for the deficit), plus tax cuts that are actually good for the economy (the payroll tax cut really boosts demand). The Republican plan is designed to hurt the poor, with no particular help for the economy at all. Tax cuts for the rich, which have never had a measurable economic effect, a tax increase on workers, and dumping health care costs on seniors. One is good policy, the other is bad policy.
If you want jobs you have to give some incentive to people with money who own a business and therefore can afford to hire people and get this country back to work. My uncle’s company is getting ready to close it’s door’s and my sister’s trucking/material company is gone, lost to our economy. People just don’t get it.
There is no plan A or B. At the last minute they will pass a new pork plan that screws everyone. Every dollar the stock market goes up the government will take half.
There are NO tax cuts being proposed for anyone. The tax rates in force today have been in force for 10 years. They ARE the “current” tax rates. If they are returned to the rates of the Clinton era, then you have a tax INCREASE, if they remain the same then you have NO CHANGE. NO ONE gets a “cut” in taxes.
If you allow the rates to return to the Clinton era then you will net in the area of 85 billion each year (assuming that only the top 2% are include as Obama wants) Obama proposes new deficit spending in the area of 1.6 trillion a year. Think hard. Which number is greater?
In order to address the DEBT (which is different from the “deficit”) one must quit spending more than taken in. The tax on the “rich” won’t even pay the yearly service on the debt (the interest) which is north of 300 billion a year. While Obama is adamant about increasing the tax rate on the top 2% (which does NOTHING to address either the debt of the deficit) he refuses to address cuts in spending. Now I know entitlements are a sacred cow as is defense depending on the political party but if you do not control spending then you may as well just print money and damn the consequences.
I suggest language instruction in the Chinese dialect of your choice.
As a business owner, I recognize that jobs are scarce. As a job creator, I would love to make new jobs. I cannot do this unless there is enough demand for my services and/or products to warrant the expense that a new employee will cost me.
The government can give me as many tax breaks and incentives as it wants, but if no one is walking in the door, I am not making any more jobs. Simple as that.
How do we get more people in the door? Short-term, the feds need to get to work on this here cliff. People have been told to be frightened for years now; first it was terrorists, and now it’s Obama (who some of you will believe is also a terrorist). It’s worked. Thanks, Mr. Rove. Add the uncertainty of the cliff (“Your taxes are going up $2000. No, $4000. No, $8000. And everyone who has to pay taxes will lose their job”) and people are just staying home.
If Wal*Mart has to reduce prices on Apple products and gas prices go down (BOTH just a couple weeks before Christmas) you have to know that demand is down.
If you want to get the economy going again, the “little people” need only one thing, and that’s confidence that things will get better. Acting like children and trying to scare the public at the same time will just exacerbate the problem. And that’s what the federal government has gotten really good at.
“The government can give me as many tax breaks and incentives as it wants, but if no one is walking in the door, I am not making any more jobs. Simple as that.” - Can we get this engraved on a plaque somewhere? Or maybe chiseled onto the gravestone of the obsession with supply-side economics?
Mix a snifter of Bill Mauldin, a dash of Jeff McNelly and a very large dollop of common sense, and you begin to get an idea of Lisa Benson’s considerable talent.
Clay Bennett by Clay Bennett
Steve Benson by Steve Benson
Comments (60) (Please sign in to comment)
Ottodesu said, 5 months ago
I think that LIsa has done a fine bi-partisan rendering here.
ARodney said, 5 months ago
If only it were true. The Democratic plan included tax increases and budget cuts to help the deficit, plus some stimulus to get the economy moving (the biggest thing you can do for the deficit), plus tax cuts that are actually good for the economy (the payroll tax cut really boosts demand). The Republican plan is designed to hurt the poor, with no particular help for the economy at all. Tax cuts for the rich, which have never had a measurable economic effect, a tax increase on workers, and dumping health care costs on seniors. One is good policy, the other is bad policy.
TheFinalSolution said, 5 months ago
Both plans are designed to bring Americans into deeper servitude. The republican plan just does it more slowly.
russell5419 said, 5 months ago
If you want jobs you have to give some incentive to people with money who own a business and therefore can afford to hire people and get this country back to work. My uncle’s company is getting ready to close it’s door’s and my sister’s trucking/material company is gone, lost to our economy. People just don’t get it.
Gore Bane said, 5 months ago
@ARodney
Payroll tax cuts come at the expense of the Social Security trust fund. So now who’s victimizing the elderly?
Ms. Ima said, 5 months ago
There is no plan A or B. At the last minute they will pass a new pork plan that screws everyone.
Every dollar the stock market goes up the government will take half.
Gypsy8 said, 5 months ago
@TheFinalSolution
Paying for the services the government provides and getting the economy going is not servitude.
Gypsy8 said, 5 months ago
@
ARodney’s comments are the most reasoned and accurate so far on this thread.
Gypsy8 said, 5 months ago
@russell5419
If you want jobs you have to get the economy moving.
Gypsy8 said, 5 months ago
@Gore Bane
You have to look at the total package.
Gypsy8 said, 5 months ago
@Ms. Ima
The government will tax a small amount of the capital gains on market increases, which will help the deficit, which is a good thing.
Gypsy8 said, 5 months ago
@ScottPM
Balderdash!
Bruce4671 said, 5 months ago
@Gypsy8
It’s astounding how ignorant you are.
There are NO tax cuts being proposed for anyone. The tax rates in force today have been in force for 10 years. They ARE the “current” tax rates. If they are returned to the rates of the Clinton era, then you have a tax INCREASE, if they remain the same then you have NO CHANGE. NO ONE gets a “cut” in taxes.
If you allow the rates to return to the Clinton era then you will net in the area of 85 billion each year (assuming that only the top 2% are include as Obama wants) Obama proposes new deficit spending in the area of 1.6 trillion a year. Think hard. Which number is greater?
In order to address the DEBT (which is different from the “deficit”) one must quit spending more than taken in. The tax on the “rich” won’t even pay the yearly service on the debt (the interest) which is north of 300 billion a year. While Obama is adamant about increasing the tax rate on the top 2% (which does NOTHING to address either the debt of the deficit) he refuses to address cuts in spending. Now I know entitlements are a sacred cow as is defense depending on the political party but if you do not control spending then you may as well just print money and damn the consequences.
I suggest language instruction in the Chinese dialect of your choice.
I Play One On TV said, 5 months ago
As a business owner, I recognize that jobs are scarce. As a job creator, I would love to make new jobs. I cannot do this unless there is enough demand for my services and/or products to warrant the expense that a new employee will cost me.
The government can give me as many tax breaks and incentives as it wants, but if no one is walking in the door, I am not making any more jobs. Simple as that.
How do we get more people in the door? Short-term, the feds need to get to work on this here cliff. People have been told to be frightened for years now; first it was terrorists, and now it’s Obama (who some of you will believe is also a terrorist). It’s worked. Thanks, Mr. Rove. Add the uncertainty of the cliff (“Your taxes are going up $2000. No, $4000. No, $8000. And everyone who has to pay taxes will lose their job”) and people are just staying home.
If Wal*Mart has to reduce prices on Apple products and gas prices go down (BOTH just a couple weeks before Christmas) you have to know that demand is down.
If you want to get the economy going again, the “little people” need only one thing, and that’s confidence that things will get better. Acting like children and trying to scare the public at the same time will just exacerbate the problem. And that’s what the federal government has gotten really good at.
The Wolf In Your Midst said, 5 months ago
@I Play One On TV
“The government can give me as many tax breaks and incentives as it wants, but if no one is walking in the door, I am not making any more jobs. Simple as that.”
-
Can we get this engraved on a plaque somewhere? Or maybe chiseled onto the gravestone of the obsession with supply-side economics?