Budget Brief - A Tale of Two Budgets

Senior research analyst Mattea Kramer looks at job creation initiatives, taxes, and deficit reduction in Rep. Paul Ryan's budget and the Congressional Progressive Caucus budget.

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[SpitfireOFatj]

What you fail to admit is that tax cuts for the rich don't create jobs and NEVER DID.

Even under Saint Ronny.

[tinleyparkmom]

Great Presentation!! Well said well done!!~! We can make it Happen!

Obama 2012!!

[junglist9s2]

Abby did you catch the point about taking every last red cent they had still not fixing the problem?

We need to cut our spending.

If your household blew money out its ass, donating to charity to the point that you were massively in debt, wouldn't you trim back on your expenditures versus trying to devise ways to draw in more money?

I should say which would have the most positive direct impact on your accumulated debt? stopping the hemorrhaging is priority, so that you can do more good later on.

[Abby Smith]

Do you realize that the effective tax rate on the wealthiest Americans was always over 70% prior to the Reagan years? In fact it was at 91% at one point in the 1950s AND the economy was far better then. Jobs were created and people still made money, just not as obscenely much. So to say raising the rate from 33% back to 35% is going to be a "jobs killer" is utterly ridiculous. We need to return to much higher tax rates for the wealthy.

[junglist9s2]

@maryp1217,

You mentioned jobs going overseas.

Check this out, why is the company Daimler-Chrysler not named Chrysler-Daimler? The owners testified in front of congress before they moved to Germany that they would prefer to face a relative 30% effective tax rate with breaks on exports vs an effective 60% tax rate here in the US with more taxes on exports instead of breaks.

So... higher taxes fueled the decision to ship American jobs across the pond.

How many other companies would prefer lower?

[junglist9s2]

A point to be made, if you take every single penny from the wealthy... every one... it would run our govt for less than 6 months.

What in the hell is a higher share of taxation on thosr people going to do if every dollar they have isn't even enough?

And what, are the rich, idiots? Do you think they will just continue on a static path for a decade without changing their financial behavior in the face of higher taxes?... really? ... I mean, really?

[torsionjimify]

To bad to! Attractive bv dumb as shit. Wonder if she knows Fluke and if she factered their condoms in

[torsionjimify]

bullshit

[lilleo1968]

I am in favor of a candidate that pushes for Tax Equity in America. Romney paid 13-15 percent taxes on his income. That seems pretty unfair compared to the rates most of us have to pay. He acts as if there's nothing wrong with writing tax laws that benefit his own interests and screw the rest of us working class folks.

[Tina Borich]

I have been following politics for 35 yrs and BOTH parties have had bad apples in them.

I am a conservative,independent. I will vote for Romney. He is a business man and has made money. Obama is a smooth talker and has continued to add to the debt. Wake up,quit drinking the Koolaid. I love all people but Obama has clearly devided the people. I pay 30-33% taxes and it keeps going up. Obama stole the election... he is the worst president that we have ever had.LOOK UP Utube Michelle and the flag.

[XCyclonusX]

Apparently you're the one who needs to wake up. bush inherited a recession from Clinton, a tech bubble burst, and shortly into his first term islamic radicals took down the twin towers and shut down wall street. It was his tax cuts that pulled us out of the recession and kept the economy from collapsing. And unemployment stayed around 5%. The jobs going over seas is from the democrats keeping corporate taxes at a rate thats the highest in the world, why would they leave. Wake up.

[Ihaveblack immunity]

How can you continue to spend money you don't have?

We need an amendment requiring federal government to only pass a balanced budget!