AMERICAN CONSERVATISM IN 2008 AND BEYOND

How many poor people provide jobs, cyclops. Trickle down does work, obviously, and always has. Cut costs of business, make them more efficient, and they can become more competitive.

Taxes are just one piece of the many pieces of that puzzle, obviously. Trickle up does not work, we know that. Give people money to spend and they will spend it, but it might be for junk made in China, it has nothing to do with making U.S. businesses more competitive. And when the money is spent, the little blip of spending is over. You must fix the foundation of a healthy economy, and that starts at the bottom, which includes labor, regulations, business taxes, and all the rest.

Michael Steeles own words.....

In that spirit, let's recognize the Democrats' spending bill is a mistake. If you like government dependence, you will love the Reid-Pelosi plan that they are jamming through Congress.

Republicans have a better solution: an economic recovery plan that lets families and small businesses keep more of what they earn. By our analysis, the Republican plan would create 6.2 million jobs, twice the number created under the Democrats' plan, at half the cost. We favor fast-acting tax relief that will boost our economy and create new jobs not slow-moving, wasteful government spending.

It's an honest and fundamental disagreement, and we stand ready to work with the president on a plan that will directly help taxpayers to make ends meet and get our economy back on track.

http://blogs.usatoday.com/oped/2009/02/opposing-view-1.html

Michael Steeles own words.....

In that spirit, let's recognize the Democrats' spending bill is a mistake. If you like government dependence, you will love the Reid-Pelosi plan that they are jamming through Congress.

Republicans have a better solution: an economic recovery plan that lets families and small businesses keep more of what they earn. By our analysis, the Republican plan would create 6.2 million jobs, twice the number created under the Democrats' plan, at half the cost. We favor fast-acting tax relief that will boost our economy and create new jobs not slow-moving, wasteful government spending.

It's an honest and fundamental disagreement, and we stand ready to work with the president on a plan that will directly help taxpayers to make ends meet and get our economy back on track.

http://blogs.usatoday.com/oped/2009/02/opposing-view-1.html

You see that as a better plan than providing incentive for the people themesleves to get the economy back on track?

John F. Kennedy on taxes
Posted: July 19, 2004
By William J. Federer
© 2009 WorldNetDaily.com


Editor's note: The following quotes are published in the book, "The Interesting History of Income Tax," by William J. Federer (Amerisearch, Inc., P.O. Box 20163, St. Louis, MO 63123, 1-888-USA-WORD)

"It is a paradoxical truth that tax rates are too high and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now ... Cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous, expanding economy which can bring a budget surplus."
" John F. Kennedy, Nov. 20, 1962, president's news conference

"Lower rates of taxation will stimulate economic activity and so raise the levels of personal and corporate income as to yield within a few years an increased " not a reduced " flow of revenues to the federal government."
" John F. Kennedy, Jan. 17, 1963, annual budget message to the Congress, fiscal year 1964

"In today's economy, fiscal prudence and responsibility call for tax reduction even if it temporarily enlarges the federal deficit " why reducing taxes is the best way open to us to increase revenues."
" John F. Kennedy, Jan. 21, 1963, annual message to the Congress: "The Economic Report Of The President"

"It is no contradiction " the most important single thing we can do to stimulate investment in today's economy is to raise consumption by major reduction of individual income tax rates."
" John F. Kennedy, Jan. 21, 1963, annual message to the Congress: "The Economic Report Of The President"

"Our tax system still siphons out of the private economy too large a share of personal and business purchasing power and reduces the incentive for risk, investment and effort " thereby aborting our recoveries and stifling our national growth rate."
" John F. Kennedy, Jan. 24, 1963, message to Congress on tax reduction and reform, House Doc. 43, 88th Congress, 1st Session.

"A tax cut means higher family income and higher business profits and a balanced federal budget. Every taxpayer and his family will have more money left over after taxes for a new car, a new home, new conveniences, education and investment. Every businessman can keep a higher percentage of his profits in his cash register or put it to work expanding or improving his business, and as the national income grows, the federal government will ultimately end up with more revenues."
" John F. Kennedy, Sept. 18, 1963, radio and television address to the nation on tax-reduction bill

"I have asked the secretary of the treasury to report by April 1 on whether present tax laws may be stimulating in undue amounts the flow of American capital to the industrial countries abroad through special preferential treatment."
" John F. Kennedy, Feb. 6, 1961, message to Congress on gold and the balalnce of payments deficit

"In those countries where income taxes are lower than in the United States, the ability to defer the payment of U.S. tax by retaining income in the subsidiary companies provides a tax advantage for companies operating through overseas subsidiaries that is not available to companies operating solely in the United States. Many American investors properly made use of this deferral in the conduct of their foreign investment."
" John F. Kennedy, April 20, 1961, message to Congress on taxation

"Our present tax system ... exerts too heavy a drag on growth ... It reduces the financial incentives for personal effort, investment, and risk-taking ... The present tax load ... distorts economic judgments and channels an undue amount of energy into efforts to avoid tax liabilities."
" John F. Kennedy, Nov. 20, 1962, press conference


"The present tax codes ... inhibit the mobility and formation of capital, add complexities and inequities which undermine the morale of the taxpayer, and make tax avoidance rather than market factors a prime consideration in too many economic decisions."
" John F. Kennedy, Jan. 23, 1963, special message to Congress on tax reduction and reform


"In short, it is a paradoxical truth that ... the soundest way to raise the revenues in the long run is to cut the rates now. The experience of a number of European countries and Japan have borne this out. This country's own experience with tax reduction in 1954 has borne this out. And the reason is that only full employment can balance the budget, and tax reduction can pave the way to that employment. The purpose of cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous, expanding economy which can bring a budget surplus."
" John F. Kennedy, Nov. 20, 1962, news conference

"The largest single barrier to full employment of our manpower and resources and to a higher rate of economic growth is the unrealistically heavy drag of federal income taxes on private purchasing power, initiative and incentive."
" John F. Kennedy, Jan. 24, 1963, special message to Congress on tax reduction and reform


"Expansion and modernization of the nation's productive plant is essential to accelerate economic growth and to improve the international competitive position of American industry ... An early stimulus to business investment will promote recovery and increase employment."
" John F. Kennedy, Feb. 2, 1961, message on economic recovery

"We must start now to provide additional stimulus to the modernization of American industrial plants ... I shall propose to the Congress a new tax incentive for businesses to expand their normal investment in plant and equipment."
" John F. Kennedy, Feb. 13, 1961, National Industrial Conference Board


\"A bill will be presented to the Congress for action next year. It will include an across-the-board, top-to-bottom cut in both corporate and personal income taxes. It will include long-needed tax reform that logic and equity demand ... The billions of dollars this bill will place in the hands of the consumer and our businessmen will have both immediate and permanent benefits to our economy. Every dollar released from taxation that is spent or invested will help create a new job and a new salary. And these new jobs and new salaries can create other jobs and other salaries and more customers and more growth for an expanding American economy."
" John F. Kennedy, Aug. 13, 1962, radio and television report on the state of the national economy


"This administration pledged itself last summer to an across-the-board, top-to-bottom cut in personal and corporate income taxes ... Next year's tax bill should reduce personal as well as corporate income taxes, for those in the lower brackets, who are certain to spend their additional take-home pay, and for those in the middle and upper brackets, who can thereby be encouraged to undertake additional efforts and enabled to invest more capital ... I am confident that the enactment of the right bill next year will in due course increase our gross national product by several times the amount of taxes actually cut."
" John F. Kennedy, Nov. 20, 1962, news conference
http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=39517

Hey, okie, you ask and you shall receive.
http://qna.live.com/ShowQuestion.aspx?qid=F065474301FA424D8620AD3C2B3CE65E&ctx=Browse.aspx%3Ffilter%3D2&pUrl=
Rush Limbaugh proposes stimulus plan with 46% tax cut and 54% spending, thoughts?

Shrub failed to create his 2.4 million jobs in the private sector with his trickle down tax cuts. Where did it trickle? Well, pee usually tries to find it's lowest level.

The problems with tax cuts in a recession are 2 fold Fox.

1. People tend to spend less and hoard their money. Having a few more dollars won't overcome any irrational fear.
2. More people lose their jobs so the stimulus effect of a tax cut is reduced as unemployment increases.

Extending unemployment benefits overcomes both of those downsides but for a smaller group that will get larger if unemployment increases.

So it only makes sense that people who have more steady take home pay to spend and who are reasonably assured of steady work and whose investments are not eroding are more likely to spend money in ways that boost the economy.