The Bush Tax Cuts
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@shaochiavang -- Yes.
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Does the problem includes Defense spending ?
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@BonerMaroner he didn't, he abolished pay as you go
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@WKYanks How exactly did Bush2 pay for these tax cuts I don't remember ?
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Plummer who explains like a professor.
I'm university drop out too now I drive trucks.
Knowledge and intelligence are not lost.
Great video
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hey, where do you get your figures? just wondering.
filestreet 2 days ago
@filestreet -- From the Federal Reserve's Survey of Consumer Finances and the Internal Revenue Service, in 2004. The figures have changed since then.
leearnold 2 days ago
@leearnold would you say that your video is still accurate, then? I've been seeing people use CBO figures to say that the bush tax cuts actually helped poor/middle class people more than the rich. I don't particularly believe that, but I was wondering how best to combat it
filestreet 2 days ago
@filestreet -- That is the narrow argument that the poor got a rate cut, the rich got a rate increase. But -- (1) Rich incomes pulled higher, so they pay LESS SHARE of total after-tax income than before. (2) The tax cuts did not deliver the promise of more domestic jobs than otherwise. (3) The higher deficits were used immediately in another claim that Social Security is bankrupt, implying taxes to be raised on the poor. (4) The larger Treasury debt redistributes upward, by interest payments.
leearnold 8 hours ago