Quote:
Originally posted by lead thrower:
Is it good fiscal policy to cut taxes in times of record deficits?

The definition of a negative deficit is that you are spending more then you are taking in.
They either need to reduce spending or leave the tax as is.

Will this tax cut cause you to spend more money in the next 12 months?

Read this

President gets good grades in fuzzy math
Why do we never hear President Bush use real numbers or data to support his new tax-cut proposal?

Usually he speaks in bland affirmative terms, like the need to "get our economy moving" and to "give the people back their money." When he does use numbers, it always sounds a bit more like fuzzy math than anything else.

Well, I've got some real numbers here, courtesy of a new report by the Institute for America's Future and the Economic Policy Institute, released in our state by Washington Citizen Action. Almost half of all tax filers will receive less than $100 from Bush's tax cuts. Meanwhile, the top 1 percent of Americans will get an average $24,000 back. Millionaires, the neediest of them all, will get an average $90,000 in tax relief.

I now know why Bush is hesitant to use real numbers to describe his tax cuts: No one would like what they heard. He needs to go back to the drawing board.

Suzanne C. Stauffer
Washington Citizen Action
So what? The richest 1 percent pay a whole hell of of a lot more in taxes than the bottom 50%. Of course they should recieve more if a tax cut is proposed.

Plus they're more likely to use the money to help the economy, such as investment and business growth.
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