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it looks like a 1/2 point bump in the GDP
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Hey idiot - the majority of the tax cut has no effect yet. The economy was going to start to move again sooner or later, and a half point gain in the GDP is not huge movement. We are charging this latest tax cut on our kid's credit. 400 billion dollar a year deficits are not a real driving force for the long term health of our economy.
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So the "more money in our pockets" thing is kinda nice
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Unless you are making near minimum wage - which means you will get nothing.
Though a rich guy might be able to get a new Hummer next year.
Unless you are already poor. Even then, my state taxes, property taxes, and my medical insurance are going through the roof - they will easily eat that 400 bucks a kid - and then some.
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Also the cap gains reduction will be good if you actually have much invested
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Why sell now - when the stock market is set to blast off? Just about all of my stocks are still in the tiolet. I do not think I will ever see the Dow at 10k again any time soon. I guess you must be reading the "Weakly Substandard" for you stock information.
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So the highest bracket is going to get the most releif, which they should
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Not to mention that the upper brackets only make their money because of the labor of the lower brackets and the infrastructure provided by taxes. The rich have a much better ability to utilize our system to their advantage - they reap the most reward. They reap far more reward than the labor that they actually worked, but they deserve most of the tax cut.
Your ridiculous excuse for logic in this matter is astounding.
Even you boy king's daddy called supply-side economics "VooDoo economics".
Reagan had to raise taxes after his tax breaks to the rich - but surprise, he raised those taxes in the middle class brackets. Bush's tanked economy was a result of Reagan's idiotic crap. Now we have a new generation of imbeciles that have learned nothing from history - because they never studied it - that assume that
this time it will work.
Good luck.
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but supply side is as good as anything else on the table
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So it is good to add billions of dollars to the deficit so that rich people can have a little bit of a richer life? I am really happy that you can live vicariously through them. I suppose it is a good thing to deny opportunity to the masses so that rich guys can get a heafty chunk of change for their new Lexus.
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and no, I'm not an oracle (economist) by trade
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That is patently obvious.
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I'm just glad to get some more money away from big brother
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It is not like the government is building roads, maintaining bridges, builind missiles and bombs, ocuppying Iraq, occupying Afghanistan, fighting a drug war, running prisons, subsidizing steel, subsidizing nuclear power plants, and everything else - while charging 400 billion a year to our credit card.
And Big brother is taking all your money.
Come on. I love it when people buy Rethugnican talking points.