White House White Board: CEA Chair Austan Goolsbee Explains the Tax Cut Fight

Introducing White House Whiteboard. In this first edition, Austan Goolsbee, Chair of the Council of Economic Advisers here at the White House, tackles the tax cut fight and what it means that Congressional Republicans are "holding middle class tax cuts hostage" as the President has said.

• Category

  News & Politics

[Stu kya]

because you dont take enough money in taxes to cover the costs, therefore you have to go to china and ask for more money to pay for tanks and schools, thats why you have to borrow! didnt glenn beck tell you this?

[immer09]

Pimpdalyrical says"Objective economists know that lowering those taxes for the "super rich" will create jobs you jackass, and it;'s an established fact that the government will take in more revenue."

P, perhaps you've been in a coma? THE TAXES WERE LOWERED for the "super rich", several years ago. What was that you were saying about job creation and revenue? and established facts?

But, hey, let's not let it expire- it is working so well. (Especially for profiteers who ship jobs overseas.)

[Deadman Studios]

everyone should just pay 11% takes no matter what class you are.

you make 50,000 you pay 5,500 for taxes.

You make 2 million, you pay 220,000 for taxes. etc.

Doesn't that seem the best? Everyone gets the same ratio.....

[Jsparrow64]

#1 81% =/= every objective economist.

#2 progressive taxation doesn't require you to level the playing field.

It should be obvious that this is propaganda and not meant to be a fact-based debate.

[insxobj]

The fact of the matter is that tax cuts do not automatically create jobs.  The extra money generated by tax cuts must be spent purchasing products or services by the recipients of those cuts in order for jobs to be created.

[pimpdalyrical]

I know you didn't say that. I did. Consider yourself now informed.

[istraight1]

"Christ man, you said it yourself, the CRA happened in 1977!" i never said somehow you want the bill pass 1977 somehow started the economic collapse

[pimpdalyrical]

Christ man, you said it yourself, the CRA happened in 1977! That was the beginning of the chain of events that lead to the current recession. Try and keep up here.