Do people realize that federal tax REVENUES have INCREASED since the tax RATES were cut?
828304
It seems to me that this is wishful thinking. It's far more likely that the increased SPENDING has caused the rise in government collections, as the increased spending, of course, translates into more money pumped into the economy and thus higher incomes for corporations and individuals. Of course, the increase in spending doesn't cause sufficient increase in revenue to offset the total amount of deficit being created, thus the federal deficit is mushrooming.\n\nIt is also interesting to blame BOTH parties for the increase in spending when the Republicans have been in charge of both Congress and the Presidency for some time.\n\nI'll be happy to vote to make the tax cuts permanent when it is shown that they can be sustained while we address the massive debt burden we are imposing on our children.
111332
Here we go again.\n\nFunny how the top 10% of all the income earners in the US still pay 90% of the taxes. But we, once again, hear the typical spew from the lib answerers about taking money from the poor or the middle class. Hell, if ANYTHING it should be the middle class and the wealthy to complain that we are in a punnishment tax system, where the wealthy pay more of a percentage than everyone else. (As you can tell I am a proponent of the flat tax system, with no loopholes or deductions, everyone paying the same percentage)\n\nBut as for what this administration/party has helped do. The economy is in a slow growth cycle, enabling workers to find new jobs, companies to prosper more (providing more chances at advancement), and small businesses to take a chance and thrive again with the increased power of spending. Thank GOD this is not another sudden boom movement like in the 90's, resulting in the inevitable market and economic correction.\n\nReduction in tax rates to have more $$$ in the pockets for those that earn it (notice I did not say more money given to those who feel the government OWES them a living)\n\nIncreased defense efforts to help secure this country more than what it was before. Still much more to be done, but this is better than cutting defense like some other President that can easily be named.\n\nTried to put more control over retirement funds back to the individual, instead of being controled by an outdated and failing Social Security system. I still have hope that this will happen in some form in the future. Again, the government is not responsible, and should not be responsible for the monetary well being of any individual that is not employed by that government.\n\nThe list can go on. But many of the uber-libs will continue to have it go in one ear and out the other, per usual.
326881
I am a Republican voter.  A good thing they have done is cut taxes.  Unfortunately, cutting spending is supposed to go along with cutting taxes, at least in my ideal world.  I wish they would have secured the border.  Also, I wish that they would have given control of education back to the states instead of increasing the federal government's control of education.
347598
The increase in tax-free threshold will clearly benefit low income owners.  It will lower the average taxable income and the benefit will be reaped by more taxpayers than it would've been if the former option is chosen (lowering of top personal tax rate).  Because, seriously, what percentage of the taxpayers are earning enough taxable income to fall into that top income bracket anyway?
623738
This tax cut is a catch 22. You have to set in a $300,000.00 plus income bracket for this tax cut to do any aid. The tax cut is to save the failing stock market with all of the forced inflation, the higher numbers wont support themselves. The higher stock figures are just inflated to the max, and aren't real. The tax is a capital gains and dividends tax cut, that if your under $300,000.00 and you take the tax break, the tax break it throws you into a backdoor tax called the AMT tax. People wont know this until next year when they file their taxes. This whole thing is another Bush lie, and he is misleading to keep votes again. So as always the tax cut is for the rich, you know like Walmart, and Exxon Mobil of Texas. The whole thing is ridiculous, and that is what Americas forced inflation is all about. We are paying the riches taxes again.
795539
^^ and now taxes seem to be more and higher than ever!!
758672
Yes, they are great for the economy. Tax cuts allow money to stay with in the private economy where Tax money is really pulled out of it and tied up in Government controlled ventures. Government controlled ventures have no real influences on the productivity of private industry, which is where money grows. \n\nThe more availability of resources, the more money is spent in areas that money wasn't spent in before, providing greater opportunity and resources for companies to expand and develop, not to mention provide new job opportunities. They don't do that if they aren't pulling in the resources to allow for it to happen. \n\nSo, the long and short of it, it's been proposed and done under Kennedy, Reagan, and now Bush. It's how you can let the people have the resources to do with as they deem necessary. And because the people of the United States are amazing in their ability to grow and expand, it works like a charm every time.
441646
That is what was used to establish the federal income tax. Yes, seriously.
793925
People watch taxes because they can easily see how they affect them.  But it's government _spending_ we should really be watching.  As a libertairian I think most government spending is wrong.  But at least the Democrats are honest.  They say they want to tax the people to give money to their favored causes. When the Republicans took over all branches of government a while back they did so by claiming they wanted to reduce spending and cutting taxes.  They cut taxes and grew government spending at the highest rate ever seen in US history.  All spending is in fact a form of taxation.  The only question is who's going to pay.
346263
It was just reported that last year he paid $187,000 in income tax on about $735,000 of income.\n\nI'm wondering if someone is going to try to make an issue of it one way or the other.\n\nI say, who cares.\n\nI think the bigger problem is that the entire tax structure needs to be redone.
753536
Sure, if that's what is needed.  Truthfully, we have a great deal of tax revenue.  But I'd like to see it going for roads, education, health care, programs to help impoverished people.  And that's what tax revenue is for, to keep society functioning smoothly.  I also would like to see an equitable tax system.  And I'd like to see bureaucracy cut, one of the biggest drains of tax revenues.  And I'd like to see...\n\nPeace.
813440
No.  It is a campaign marketing ploy that many people have fallen for...or maybe I should say...they WANT to believe it...it gives them a reason to complain.\n\nI mean two years ago we heard the administration ruined our economy...now its hitting new highs and we don't hear that.  \n\nSpin, baby, spin.
289432
The top 10 per cent or so is enriching itself far faster than the economy is growing, with most of that going to the top 1 per cent, while the middle class loses ground to inflation and the minimum wage has been stuck at $5.15 for something like 8 years.  And Bush has persuaded the majority of the American people that the top 10 per cent was horribly oppressed with taxes in the 1990's and is still so overburdened with income taxes that it needs more tax cuts.  The cut-off for federal estate taxes has been multiplied by a factor of 5 under Bush, so that now only a few thousand families a year are hit with federal estate taxes.  Bush is upset that any of these poor families will have to pay federal estate taxes, so they are in line for the biggest tax cuts of all.  \n\nSo for most families the standard of living is declining.  There are many reasons but a big one is that there is a massive redistribution of wealth toward the top, deliberately accelerated by Republican tax policy.\n\nWhat fiscal catastrophe is it going to take to get our priorities straightened out?
376231
yeah. Think of the tax you save!
528966
YEAH. also cut corprate taxes by 2% and drasticly increased military spending to 5.4billion over 5 years. Sounds like  americas budget
562404
it has increased them..believe me.
428580
No, but until hard working Americans start standing up for themselves and demand that politicians cut the hammock/saftey net, then nothing will ever change. \n\nSeveral years ago, Americans were ashamed to go on welfare. Why? Because it should that they couldn't take care of themselves and therefore needed handouts. Back then, Americans prided themselves on their independence. It was that independent nature that built this country and made it great. \n\nWelfare is simply socialism at its worse. Humanity loves the idea of socialism, but has yet to find a way to make it work (or others while under it). \n\nOf coures I agree that those incapable of working should be cared for, but those are very rare cases and should be only conducted with great scrutiny. Everyone else, get a job. You don't work you don't eat. If you consider that statement harsh, complain to the Bible(or more specifically, Paul the apostle i believe). \n\nThe last motivation for a lazy man is hunger. For many this is the only motivator to work. When you take that away, they will do nothing, except complain about not being given more. \n\nAnd while I understand that the government isn't fair, the government should strive to be. Liberty and justice are our founding principles for governing each other. How far have we moved from these principles? How would our founding fathers look upon us? Would they marvel at how a lazy person can live for years off of the wealth of others or would they be ashamed at our inablity to defend justice. \n\nAnd what's worse, welfare only hurts the people who it is trying to benefit. They become grafted with even more dependence on the government and upon the taxpayers at large. Over time, this dependence atrophies the individuals will power. \n\nThe only solution for our government is to slowly exit the welfare game. To set a cut date five years from now and to lower the expenses on welfare until they are none existent. \n\nWith expenses being lowered, the new found money should be invested in two ways. \n\n1. Cut taxes. Don't play favorites. Do it across the board and don't play the class card. To do so would not be fair and class warfare does not lead to justice.\n\n    -if taxes are cut across the board, the economies engine would rev like it always does. With more spending, more jobs would be created, allowing those who truly want to work to find jobs easily. \n\n2. Invest more money into the military and recruiting programs.\n\nRight now the military is one of the best opportunities for people coming from poor families. They recieve great pay, the best benefits, and an opportunity to recieve a college education. But most importantly, they recieve all of those great things, by EARNING them. They recieve the dignity of earning their keep and the pride that comes from serving ones country. \n\nI could write on this topic for hours, but I won't. Instead let me say this. Socialism fails the majority of the time. It suspends the reality of competition and the necessity for hard work. When done on a massive scale you have Communism. America dabbles with socialism, but only at the cost of real, hard working Americans. If we increase our welfare programs the end result will lead us into the same perdicatment that Germany and France are in right now. Many young people are opting to go on welfare simple because it pays better then many jobs, in Germany. This is like trying to climb a mountain with a leech the size of a backpack on your back. It drains your needed energy and prevents you from climbing to new heights. We need to cut it off and demand that every capable American carry their own weight. Only then can we truly achieve the success that our fore-fathers envisioned. \n\n\n\nGodspeed,\n\n     Lightbringer