I thought the Bush tax cuts only benefitte dthe rich?

[JohnnyD]

Originally Posted by RIJIMMY

ahh, benefited! Its a benefit! I thought he EARNED more and thus gets to keep the percentage of what he EARNED!

See EARNED is controlled by the INDIVIDUAL . The tax percentage is controlled by the governement.

Yup, benefited. He benefited by being able to keep more of his hard-earned money.

Listen, I'm all about lower taxes on the people. I completely agree with your suggestions on how to cut costs, but forgot to include social services as an area where a lot can be saved. I'd also support closing that large number of easily exploited tax loopholes, along with removing a lot of deductions and then instituting a flat tax.

It'll never happen though. Regardless of what party is in office, the overall tax burden on the people will decrease at a rate slower than what's being paid out until eventually we have a drawback period like the UK is feeling now.

[Jim in CT]

Originally Posted by JohnnyD

It'll never happen though. Regardless of what party is in office, the overall tax burden on the people will decrease at a rate slower than what's being paid out until eventually we have a drawback period like the UK is feeling now.

People forget that Bill Clinton pulled it off, and the left still worships him. He was extremely conservative with fiscal policy, no reason why we can't go back to that.