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| Frum on the Ryan plan | |
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| Tweet Topic Started: Apr 8 2011, 11:01 AM (166 Views) | |
| jon-nyc | Apr 8 2011, 11:01 AM Post #1 |
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Cheers
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http://theweek.com/bullpen/column/213912/a-budget-that-cant-budge/1 |
| In my defense, I was left unsupervised. | |
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| Axtremus | Apr 8 2011, 12:02 PM Post #2 |
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HOLY CARP!!!
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Hey R2, Does that Frum piece pass as "serious consideration" for Ryan's "serious plan" ?
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| Kincaid | Apr 8 2011, 12:20 PM Post #3 |
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HOLY CARP!!!
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From the article:
How can he suggest that fees and excise taxes have no negative impact on incentives and savings? By golly, if this is some kind of neglected revenue stream that has no downside let's fund the entire gov't by fees and excise taxes so that we can eliminate all sales, property and income tax. Might it be that fees are charged direct to consumers and excise taxes are passed on to consumers and then said consumers will have various disincentives and will have less discretionary income to save?
Why do people always talk as if tax cuts are in some kind of vacuum and have no effect on economic growth, and therefore employment, and ultimately on increased gov't revenues? This seems so disingenuous.
Again, might not the deficit actually shrink if tax cuts spur economic growth and unemployment drops and more money pours into federal coffers - kind of like it did in Clinton's second term?
So, how do you get jobs first? By tax cuts and spending cuts.
This feels like a bait and switch. I thought he was talking about jobs, not higher incomes.
I don't know about polls. I like Medicare well enough, it is just tough - maybe impossible - to swallow as we face the baby boom moving through it. Show me a better way I certainly can get on board with it (I remain unconvinced about Ryan's voucher system, but have not heard a complete discussion on it). Medicaid? Not popular with me. Much too much fraud and abuse. Tax cuts for the wealthy - I have no problem with that, seeing as they will still be paying the most taxes. Edited by Kincaid, Apr 8 2011, 12:23 PM.
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| Kincaid - disgusted Republican Partisan since 2006. | |
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| jon-nyc | Apr 8 2011, 12:36 PM Post #4 |
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Cheers
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Its anything but. For a reduction in the top marginal rate from 35 to 25% to be even revenue neutral would require a 4x multiplier on GDP. Its disingenuous to assume such a figure. (and its always just assumed - it is today the first axiom of conservatism). The so-called Laffer effect makes a lot of sense - if tax rates are very high. To imagine it still holding true at 25-35% is stretching credulity. |
| In my defense, I was left unsupervised. | |
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| George K | Apr 8 2011, 04:13 PM Post #5 |
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Finally
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Krauthammer |
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A guide to GKSR: Click "Now look here, you Baltic gas passer... " - Mik, 6/14/08 Nothing is as effective as homeopathy. I'd rather listen to an hour of Abba than an hour of The Beatles. - Klaus, 4/29/18 | |
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| John D'Oh | Apr 8 2011, 04:19 PM Post #6 |
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MAMIL
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If they reduced taxation to 0%, then the economy would go into an infinite growth loop, and everybody's bank accounts would literally explode. |
| What do you mean "we", have you got a mouse in your pocket? | |
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| jon-nyc | Apr 8 2011, 04:21 PM Post #7 |
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Cheers
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Net-net, Krauthammer agrees with my original assessment that its DOA. |
| In my defense, I was left unsupervised. | |
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| kathyk | Apr 8 2011, 05:07 PM Post #8 |
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Pisa-Carp
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I love the closing line.
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| Blogging in Palestine: http://kksjournal.com/ | |
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6:27 AM Jul 11