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Let's give it a try: Extend the tax-cuts indefinitely

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DetlefK Donating Member (449 posts) Send PM | Profile | Ignore Thu Dec-09-10 07:31 AM
Original message
Let's give it a try: Extend the tax-cuts indefinitely
The right-wing argument is, that tax-cuts are the supreme tool to encourage job creation and accordingly ensure economic well-being and productivity.

Why not hold them to their word? What could possibly go wrong?

Let's set up a bill that extends the tax cuts for 10 or 20 years, with one minor alteration:
If the US sees less than x00.000 jobs created per year, then the tax cuts are stricken for the next 2 years, as an incentive to get Big Money back on track. (Why 2 years? So the tax income of the government doesn't abruptly fluctuate from year to year.)

According to the right-wing argument, that would be 20 years of record-breaking job-creation and 20 years of permanent tax-cuts! What could possibly go wrong?
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Warren Stupidity Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-09-10 07:53 AM
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1. we already have had 10 years of near zero or below job growth.
the experiment has already failed. The other side does not care about evidence based reasoning.
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high density Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-09-10 08:05 AM
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2. I don't know why they'd start noticing the facts now
The fact that the Bush tax cuts didn't create a single job over the past decade has been lost on them. And the media certainly hasn't bothered to notice when this debate on taxes came back up this year.
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sweetapogee Donating Member (449 posts) Send PM | Profile | Ignore Thu Dec-09-10 08:20 AM
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3. I'll tell you what can go wrong...
the economy pick up, pukes credit the tax breaks, we lose the next 10 elections. If the pukes win this one, then they will start winning every argument that goes against our values. You are dreaming if you think congress is going to pass a tax bill that contains all kinds of micro-managing what-if scenarios designed to change the the tax code based on external factors. If they did, who in their right mind would invest in anything remotely related to the performance of the US economy?
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