Do You Know Mike Huckabee's Tax Plan?

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[Chaaarge]

@SeriousPsyche Now, I'm not saying tax cuts will always create jobs, but a fact is that most new products/services, and as a result the majority of the jobs are created by entreprenours in the free market, not by the government. It doesn't automatically mean that jobs will always be created because of tax cuts, but it improves the odds if you leave people with more money

[Chaaarge]

@SeriousPsyche Are you talking about the financial crisis? If you wonder how it occured, read up on how the government sets interest rates artificially low. That's what creates the bubbles (and as a result, the busts), and after that, all that you have is a bunch of debt. You wouldn't need nearly as high taxes as you have if you just didn't spend so much on endless wars and entitlements. Look at calvin coolidge! He lowered taxes, and had a balanced budget. Besides, only people can create jobs

[SeriousPsyche]

@Chaaarge Did you not get the message from 10 years of tax cuts? Did that create any jobs or destroy the economy?

[TechnoDevotee]

Abolishing the IRS is pure populism, hey let's all blame the IRS for our troubles and abolish it!

OK and how can we do anything as a society at that point, including having a military to protect us from criminals, terrorists, and invasion?

[Chaaarge]

Income tax = Government stealing your money. I love this show but TYT is just plain wrong when it comes to taxes. Putting more money into the free market is the best way to create economic growth. Getting rid of the welfare state might be a long and painful process for some, but it will be worth it in the long run. Too bad Milton Friedman is no longer alive :(.

[urgener]

Please read about the FairTax before you talk about it. After we get the FairTax, our standard of living will INCREASE for at least a couple reasons:

1. Current tax payers will pay LESS income tax because the revenue neutral burden will be spread to illegals and criminals as well.

2.Prices will likely drop because companies will no longer embed the expense of the tax consultants into their prices. Economic history shows profit margins remain steady (typically around 5 to 7 percent).

[Endafed]

You think the thousands of pages in our current tax code is working? Unemployment leveling at around 10% while we lose all of our manufacturing jobs and run higher trade deficits? TYT is dead wrong on this issue.

[j19527]

This guy is a frigin liberal. And he will do anything to spite republicans

[WECantThink]

OK. THEY are all stupid. Any idea on how to simplify the tax code? Actually, do you have anything to say that adds anything to improving the U S? Yeah, I didn't think so. Loser!

[Macabre215]

I have yet to see anybody refute that the middle class would spend a larger percentage of their income in taxes this way. You can't make up the money you lose from having a "fair" tax without doing this, and if I'm wrong show me how. If anything we should get rid of the tax brackets and use a true progressive tax that increases by the amount, instead of hurting people in the lower part of a tax bracket. Obviously you'd cap this at a certain percentage, we don't need 90% income tax on the rich.