...enormous tax hikes will slow down economic growth because they will transfer resources from the productive hands of the private sector to the wasteful hands of Congress, raise energy prices, and reduce incentives to work, save, and invest.
Tax hikes are not the right solution for Americans—nor are they needed to reduce the deficit. Congress should pass on all of President Obama’s tax increases and instead cut spending and reform the tax code so it inflicts less of a burden on businesses and families and is more conducive to job creation.
http://www.heritage.org/Research/Report … wer-Growth
will someone post an article from a liberal point of view on the economy...which ever one you think is the equal/opposite of above posted
let us continue the discernment of where we stand by viewing the differing points of view...so that a middle ground can be determined
I always find topics like this peculiar in the way the answers always seem to concentrate on the collection of revenue as the culprit for working against the recovery.
The government is a deficeit spending entity and when you think of it in those terms it seems more reasonable to concentrate on the spending rather than the collecting. The government will always spend all the money they receive from us.
The "Wars" and I state that in the most plural sense I can, are at the heart of our direction of waste that we refuse to review. Billions of dollars are spent to maintain some degree of dominance and not what they are intended which is the protection and defense of our country. But I guess there are those that claim the best defence is a good offence to counter my assertion. The countless billions such as seen through such past extravagant examples like Charlie Wilson in Afghanistan are not even counted in any responsible way and only add to the loss.
What it shows is a country trying to support a Roman conquest with a bankrupt treasury and overburdened tax base and we all know what happened to them.
I'd have to go sift through my bookmarks for an article laying out the opposing argument succinctly, but a few points:
1. Obama is talking about returning the upper tax bracket rate to the level it was during Clinton's presidency - a time of dismal economic performance and widespread misery, as you may recall.
And of course, the horrible economy that characterized Clinton's presidency was just a shadow of the economic nightmare that was the 1950's, when the top tax bracket was forced to pay more than 90%. It would be much more sensible to lower the rate to the 25% charged during the shining economic paradise of 1925-1931.
2. Cutting spending is all well and good and most people support it in theory, but it's much easier said than done, since the only part of the budget both Republicans and Democrats routinely manage to agree should be cut is foreign aid, which makes up an amazing 0.15% of our total spending.
3. 72% of all foreign corporations and about 57% of U.S. companies doing business in the United States paid no federal income taxes for at least one year between 1998 and 2005. This is at the same time many of them are receiving millions or billions of dollars annually in taxpayer-funded subsidies, contracts, and other handouts. Then they have the gall to complain about being overtaxed.
Even Obama has said tax hikes are bad for the economy. Still he believes the role of government is to create social and economic justice and that can only be achieved with more government and that means more revenue so tax the rich. The problem is government will expand to consume what ever revenue it collects and then some! The trouble arises though when the government believes their spending is actually expanding the economy and generating wealth.
"Tax hikes are not the right solution for Americans—nor are they needed to reduce the deficit." Guess it used to be called Reganomics, otherwise known as 'trickle-down', otherwise known as Voo-Doo economics; lower the tax rate for the rich and corporations who mostly don't pay anything anyway, and increase spending mainly for the military and empire.
by seanorjohn 13 years ago
Do you think a conservative government would lead us back into a recession?
by Scott Belford 12 months ago
I was working on a different hub and in the process developed the following statistics about GDP growth throughout American history. Since George Washington, whose economic philosophy somewhat resembled those of today's liberals, there have been:- 10 periods where administrations who favored...
by Ralph Deeds 15 years ago
Paul Krugman's column in the NYTimes today 1-5-08 is entitled "Fighting Off Depression." In it he called the recent economic numbers "terrifying," not just in the U.S. but around the world. Manufacturing in particular is plunging everywhere; banks aren't lending; businesses and...
by Arthur Russ 18 months ago
Trickle-Down Economics is an economic theory whereby if the Government gives the wealthy a cash injection that they will invest that money in the economy which in turn will stimulate economic growth.However, in practice, rather than investing the extra money in the economy there is a great tendency...
by Ralph Deeds 11 years ago
Paul Krugman:" Back in 2010, self-styled deficit hawks — better described as deficit scolds — took over much of our political discourse. At a time of mass unemployment and record-low borrowing costs, a time when economic theory said we needed more, not less, deficit spending, the scolds...
by Alex Frias 13 years ago
Question. If the Bush-era tax cuts were so popular and such the "economic reality" as it's being coined, then why did Obama fail to see this until recently. Where was his voice in favor of the Bush tax cuts 6 months ago, or even 2 years ago..?Yes Obama has always maintained...
Copyright © 2024 The Arena Media Brands, LLC and respective content providers on this website. HubPages® is a registered trademark of The Arena Platform, Inc. Other product and company names shown may be trademarks of their respective owners. The Arena Media Brands, LLC and respective content providers to this website may receive compensation for some links to products and services on this website.
Copyright © 2024 Maven Media Brands, LLC and respective owners.
As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.
For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://corp.maven.io/privacy-policy
Show DetailsNecessary | |
---|---|
HubPages Device ID | This is used to identify particular browsers or devices when the access the service, and is used for security reasons. |
Login | This is necessary to sign in to the HubPages Service. |
Google Recaptcha | This is used to prevent bots and spam. (Privacy Policy) |
Akismet | This is used to detect comment spam. (Privacy Policy) |
HubPages Google Analytics | This is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy) |
HubPages Traffic Pixel | This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized. |
Amazon Web Services | This is a cloud services platform that we used to host our service. (Privacy Policy) |
Cloudflare | This is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy) |
Google Hosted Libraries | Javascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy) |
Features | |
---|---|
Google Custom Search | This is feature allows you to search the site. (Privacy Policy) |
Google Maps | Some articles have Google Maps embedded in them. (Privacy Policy) |
Google Charts | This is used to display charts and graphs on articles and the author center. (Privacy Policy) |
Google AdSense Host API | This service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy) |
Google YouTube | Some articles have YouTube videos embedded in them. (Privacy Policy) |
Vimeo | Some articles have Vimeo videos embedded in them. (Privacy Policy) |
Paypal | This is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy) |
Facebook Login | You can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy) |
Maven | This supports the Maven widget and search functionality. (Privacy Policy) |
Marketing | |
---|---|
Google AdSense | This is an ad network. (Privacy Policy) |
Google DoubleClick | Google provides ad serving technology and runs an ad network. (Privacy Policy) |
Index Exchange | This is an ad network. (Privacy Policy) |
Sovrn | This is an ad network. (Privacy Policy) |
Facebook Ads | This is an ad network. (Privacy Policy) |
Amazon Unified Ad Marketplace | This is an ad network. (Privacy Policy) |
AppNexus | This is an ad network. (Privacy Policy) |
Openx | This is an ad network. (Privacy Policy) |
Rubicon Project | This is an ad network. (Privacy Policy) |
TripleLift | This is an ad network. (Privacy Policy) |
Say Media | We partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy) |
Remarketing Pixels | We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites. |
Conversion Tracking Pixels | We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service. |
Statistics | |
---|---|
Author Google Analytics | This is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy) |
Comscore | ComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy) |
Amazon Tracking Pixel | Some articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy) |
Clicksco | This is a data management platform studying reader behavior (Privacy Policy) |