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piercehawkeye45 · 07-26-2011, 11:43 AM

One thing I don't understand (well I do understand if I am going to be cynical...) about Republicans logic on tax increases is that spending cuts are going to hurt the economy as well. If significant spending cuts are going to be made, that means there will be people that will need to survive on less money than they had before and there will be more people competing for jobs. This will ultimately mean that people will spend less, which, at least from what I understand, is extremely bad for the economy in a recession. Sure if we lower taxes we can increases investment but if no one will buy anything it really doesn't do anything....

The biggest difference I see from tax increases and spending cuts is who will hurt the most. In general, tax increases will hurt wealthier Americans, whatever wealthier Americans mean, and generally, spending cuts will hurt poorer Americans. So it doesn't take much thinking to realize that either Republicans are completely disillusion or they are willing to hurt the economy, but as long as it is on their terms.

Also, just to throw this out there. Taxes =/= Incomes Taxes. The bottom 50% do pay taxes.

07-26-2011, 11:43 AM	#555
piercehawkeye45 Franklin Pierce Join Date: Oct 2006 Location: Minnesota Posts: 3,695	One thing I don't understand (well I do understand if I am going to be cynical...) about Republicans logic on tax increases is that spending cuts are going to hurt the economy as well. If significant spending cuts are going to be made, that means there will be people that will need to survive on less money than they had before and there will be more people competing for jobs. This will ultimately mean that people will spend less, which, at least from what I understand, is extremely bad for the economy in a recession. Sure if we lower taxes we can increases investment but if no one will buy anything it really doesn't do anything.... The biggest difference I see from tax increases and spending cuts is who will hurt the most. In general, tax increases will hurt wealthier Americans, whatever wealthier Americans mean, and generally, spending cuts will hurt poorer Americans. So it doesn't take much thinking to realize that either Republicans are completely disillusion or they are willing to hurt the economy, but as long as it is on their terms. Also, just to throw this out there. Taxes =/= Incomes Taxes. The bottom 50% do pay taxes. __________________ I like my perspectives like I like my baseball caps: one size fits all.