History has shown that cutting taxes
is the best way to stimulate the economy and create jobs.
It appears the Phil Bergers are cowing to their wealthy corporate donors by feeding the public the bullshit argument that enriches the top at the expense of the bottom.
Our country's debt just doubled under the nonsensical idea that cutting taxes on the rich makes the economy more vibrant.
It didn't work.
It increased the deficit.
It made rich people richer, and poor people poorer via inflation and more debt.
I am a strong proponent of the balanced budget amendment
to require government to live within its means.
The Phil Bergers are talking two opposing ideas, which look like they are meant to deceive the public into thinking they can have their cake and eat it too.
A balanced budget would mean higher taxes on the corporate interests that fund the Phil Berger's campaign.
They are saying more tax cuts for their funders, which is red meat for the Republican base, and a balanced budget, even though they haven't lowered entitlement or healthcare spending as it would harm their biggest financial supporters.
Establishment Republicans have been feeding their ignorant constituents expected to tow the party line this crap for years.
The Laffer Curve, anyone know what this says?
It says that at this point on the revenue curve
you will get exactly the same amount of revenue as at this point…
Does anyone know what Vice President Bush called this in 1980, anyone?
Something-d-o-o economics, voodoo economics.
Ferris Bueller’s Day Off
John Boehner, who the Phil Bergers appear to have aligned with, may be the biggest proponent of not cutting spending after communicating to his base the opposite.
Every time Boehner tried to fight for lower spending, he and other establishment Republicans funded with massive corporate PAC money, like the Phil Bergers, backed down.
Establishment Republicans are just as responsible for our fiscal mess as the Democrats.
The Phil Berger's answers in the News and Record today are evidence of the same.
It worked when the highest tax rate was 91%, but didn't work when Bush used it as a give away to his cronies.
This is who the Phil Berger's represent;
ACTION COMMITTEE FOR RURAL ELECTRIFICATION
ALTRIA GROUP, INC. POLITICAL ACTION COMMITTEE (ALTRIAPAC)
AMERICAN DENTAL ASSOCIATION POLITICAL ACTION COMMITTEE
AMERICAN HEALTH CARE ASSOCIATION POLITICAL ACTION COMMITTEE
AMERICAN SOCIETY OF ANESTHESIOLOGISTS POLITICAL ACTION COMMITTEE
BLUE CROSS AND BLUE SHIELD OF NORTH CAROLINA EMPLOYEE POLITICAL ACTION COMMITTEE
BUILDPAC
BUILDPAC
CROPLIFE AMERICA POLITICAL ACTION COMMITTEE
DICKSTEIN SHAPIRO LLP PAC
DUKE ENERGY CORPORATION PAC
ELI LILLY AND COMPANY
ENTERPRISE HOLDINGS, INC. POLITICAL ACTION COMMITTEE
LORILLARD TOBACCO COMPANY PUBLIC AFFAIRS COMMITTEE
MCGUIREWOODS
NATIONAL BEER WHOLESALERS ASSOCIATION
NATIONAL BEER WHOLESALERS ASSOCIATION
NELSON MULLINS RILEY & SCARBOROUGH, LLP FEDERAL POLITICAL COMMITTEE COLUMBIA
NORTH CAROLINA FARM BUREAU FEDERATION INC POL ACT CMTE INC (AKA) NC FARM BUREAU FARMPAC
OLD DOMINION FREIGHT LINE INC POLITICAL ACTION COMMITTEE (OLD DOMINION PAC)
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Believe all that Phil Berger rhetoric about Obamacare?
Tax cuts do not Increase Revenue
The argument that tax cuts create or increase revenue is an old myth that simply refuses to go away.
http://www.factandmyth.com/taxes/tax-decreases-do-not-increase-revenue
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Does Lowering Taxes Increase Government Revenue?
Mitt Romney pulled the same shit and lost
http://taxfoundation.org/blog/does-lowering-taxes-increase-government-revenue
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Economists Agree: Tax Cuts Cost Revenue
http://www.usnews.com/opinion/blogs/economic-intelligence/2012/06/29/economists-agree-tax-cuts-cost-revenue---
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Tax Cut Snake Oil Is Still for Sale
http://verdict.justia.com/2014/07/03/laffer-lingers-tax-cut-snake-oil-still-sale
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Conservative Myth Busting: Lowering Taxes Raises Government Revenue
http://www.huffingtonpost.com/stephen-herrington/conservative-myth-busting_b_841271.html
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Factcheck.org in June 2007 reported the following about tax cuts in 2001 and 2003 and the correlation with increased tax revenues:
“Federal revenue normally increases every year. In fact, revenues have declined in only five years since 1962.”
Tax revenues from 2000 to 2003 actually declined every year.
Tax revenues started to increase in 2004. The Office of Management and Budget described the increase in tax revenue in the years 2004-2006 as a return to the historical average. “As a percentage of GDP, federal receipts are now 18.4 percent of GDP (in line with the 40-year historical average of 18.3 percent).”
“The bulk of the growth in federal receipts has been in corporate tax revenue.”
http://www.truthfulpolitics.com/http:/truthfulpolitics.com/comments/does-cutting-taxes-increase-or-decrease-government-revenue/
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Mythbuster alert: Do tax cuts increase revenues?
http://www.sddt.com/Commentary/article.cfm?SourceCode=20110519tza&Commentary_ID=169#.U7lQovldWnY
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