Grover Norquist on Jobs

[cmfluteguy]

Thanks Grover for destroying the GOP. We couldn't have done it without you!

[peter1114222]

If the repuklicans can't come up with a better idea than the mantra they keep repeating of lower taxes than they should just shut up already.

[peter1114222]

When taxes were higher for the wealthy under Clinton there were more jobs than ever, it amazes me that when reality does not match up with the republican ideology they just keep plugging away with the same old crap, textbook definition of insanity.

[peter1114222]

I feel sooo bad for those poor wealthy people boo hooo cry me a river.

[CommonSense2k8]

95% of Americans will have lower taxes....

[Raycheetah]

Actually, 38% of Americans don't PAY any taxes. What Obama proposes is actually a tax CREDIT: Those who have not paid into the revenue pool will still receive money, essentially welfare. Oh, and by allowing the Bush tax CUT to expire, the net result is that taxpayers see essentially no "change" at all, but Obama still gets to take credit for the "tax cut."

Senator McCain's economic plan received the endorsement by signature of over 300 economists nationwide.

McCain/Palin 11/04/08! =^[.]^=

[CommonSense2k8]

and those 300 economists never saw this financial breakdown coming...

and as far as the facts go, he proposes a tax cut for working families... So if you are not working, you wont get a tax cut...

and he only will let the tax cuts expire for the top 5%...

but I know, these are all pesky details and facts.... Why not bring up his middle name and his ex-pastor...

[Raycheetah]

"and those 300 economists never saw this financial breakdown coming..."

An interesting generalization. Even John McCain, himself, warned of the risks of an underregulated housing market years ago, but Dem Congressman Barney "Economic Rubble" Frank, among others, said things were just fine with FM/FM. And just how do you know that none of those economists saw the indicators?

As for "working families," the 38% who get a complete refund will still get the CREDIT, i.e., money they didn't pay in.

[CommonSense2k8]

McCain wrote a letter... If he knew what was going to happen, he should have done more then write an angry worded letter.

you do realize those 38% probably make like 40,000 a year... so what, give em an extra 200 a year... yea, your logic works just fine in backwards land.

And Barney franks is not Barack Obama...

[Raycheetah]

No, Barney Frank isn't Barack Obama. Neither is Franklin "Fannie Mae" Raines, former Chairman and CEO of that very "successful" organization. Raines is, however, Obama's financial advisor, not an auspicious choice. There are a couple of very revealing vids on YouTube (search Fannie Mae) which illustrate both men's roles in resisting the efforts of Republican legislators to increase regulation of FM/FM.

[CommonSense2k8]

facts are fun when the truth doesn't matter, right ray?

[tnomi1965]

It is simply not true that "38% of Americans don't pay any taxes." They may not pay federal income tax, but they pay Social Security and Medicare taxes (those are also paid to the federal government) as well as state and local taxes. So they are not getting "money that they didn't pay in."

And most of them are hard working people. If they don't earn enough income to pay federal income tax, perhaps thei waged should be raised.

[Raycheetah]

Absolutely correct! Money doesn't exist in a vacuum. It has to come from somewhere before it goes somewhere else. Reduce a business' revenues by taxation, and that business will have to find some way to balance the books, either by raising what they charge the consumer, or by cutting costs, which often means slashing the payroll.

In the end, it's the little guy who pays. Let the businesses which employ us keep more money, and those businesses will grow and hire.

McCain/Palin 11/04/08! =^[.]^=

[volcombillx3]

This is true to a degree but it's not that simple. History proves trickle down economics don't work. We need to tax companies that outsource jobs oversees and cut taxes for those that dont. Progressive taxes are automatic stabilizers and as income levels rise, marginal propensity to consume drops. Thus, you increase demand and flush money back into the economy. Aka buisnesses make more than they would with a tax cut. The problem is not a lack of jobs but a lack of middle class, good paying jos.