Why are republicans for the Bush tax cuts if they add to the deficit?
- Deb MLv 710 years agoFavorite Answer
Excellent question....the republicans pander to the people who do not pay attention to the history of the deficit in this country. NEVER in a time of war has there been tax cuts....but Bush moved forward in 2001 to "spend the Clinton Surplus"...and again in 2003 when we were at war.
In the link below, Reagan and Bush I increased the deficit...along with Bush II....but Bush II with his two wars and shipping jobs overseas has damaged this country more than any other president. Two wars and sending good paying jobs overseas...something people do not realize.
It seems people like to be taken advantage of by big corporations as long as whoever in the White House espoused tax cuts....doesn't matter that those tax cuts are only for people making 250 thousand a year...all they hear is tax cuts. Most of these people do not even spend the money to stimulate the economy. And the republicans say tax cuts create jobs...if that were really true, wouldn't we have plenty of jobs today?
And now that the US Supreme court has sanctioned corporations making big contributions to the political candidates....who do you think will be running this country? And who will those candidates support? Not the people...
- SocratesLv 710 years ago
The Bush Tax Cuts has been around for the last 4+ years or so. They were in play during the last two years of the Bush Administration. During that time, the deficit was coming down. They were responsible for raising revenues, even with war spending on which was 15% of expenditures. The deficit was coming down right up to TARP.
You can't blame them for adding to the deficit. At this point, their elimination would be the same as a big tax hike. A hike like this can only hurt the economy.
- KmanLv 610 years ago
Cognative dissonance. No republican since Eisenhower has lowered the deficit.
Ever notice that republicans never propose specific cuts? Thats not a coincidence. They don't like to make the tough and potentially unpopular decision. So instead, they simply cut taxes and increase the deficit (calling it a 'starve the beast' tactic), then force the democrats to solve the problem they created.
That way the republican gets the political benefit for creating the tax cuts, and can then criticize any solution the democrat offers. When a democrat suggested curtailing medicare abuses, they referred to it as 'death panels'. When the defense secretary suggeste cutting a redundant command center in Maryland, republicans called it a jobs killer and making America unsafe.
Its a despicable technique... but what's worse is people keep falling for it.
- 10 years ago
David Stockman can easily answer this one.
Reagonomics requires two sets of books.
Haven't you heard of cooking the books?
Clifford SpencerSource(s): David Stockman biographies
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- Anonymous10 years ago
What can you do with money:
1. spend it and stimulate the economy.
2. save it and the bank loans it out for cars,homes,business loans,stimulating the economy.
3.invest it in business or industry,stimulating the economy.
4. hide it under your mattress,stimulating nothing.
5.pay it in taxes,and the politicians use it for pet projects and special interest groups.
For 6 years under Bush we had a great economy and record low unemployment,then the Democrats took over Congress and things went to hell.