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Author: AjaxofTelamon Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 214565  
Subject: Re: Poll: Obama's economic approach Date: 2/8/2009 12:00 PM
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* Cut corporate tax rates dramatically (15% would be good) and permanently (i.e. not a tax cut that is set to expire).
* Make the 2003 tax cuts permanent. Maintaing low tax rates is important to improving incentives to work, invest, and grow the economy. If you can do that, you can grow the tax base and therefore the tax revenue over the long run, and we are going to need it badly.


Ah.., the all purpose Republican tool. The tax cut!

Do you have a surplus? Give a tax cut.

Are you fighting a deficit? Have another tax cut.

Do you go to war? We need a tax cut.

Fighting a recession? A tax cut!

Fighting unemployment? Take a tax cut!


* Freeze the level of government spending immediately and maintain the same overall spending baseline until the government is running a surplus (the growth in tax revenue over time will make this happen).

What growth in tax revenue? There is no tax revenue because you cut all the taxes and everybody is out of work. And that trickle down thing is not working.


-=Ajax=-
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