11/22/2011

Those EVIL Bush tax cuts

I came across this info at a site called Human Events and thought everyone should have a look at it. I printed it out and carry a copy in my shirt pocket.

The next time some idiot liberal goes off on me about Bush's tax cuts, I'm going to hand them this, let them read it and then ask them to refute the numbers. I'll bet they either run away as usual or punch me in the nose. So here it is.



Seeing that the Democrats are reviving their favorite campaign talking point, let’s review the facts about “tax cuts for the rich.”

First off, what President Bush enacted into law cut taxes across the board on everyone, not just the upper echelon. The 15 percent rate dropped to 10 percent, 27 percent to 25 percent, 30 percent to 28 percent, 35 percent to 33 percent, and 39.6 percent to 35 percent. Now go ahead and ask a lib which income bracket received the highest cut. Oh, snap: That would be the lowest income threshold, which nosedived five percentage points.

The whole “tax cuts for the rich” is pure bunk, a lie that liberals shamelessly popularize. Not that this should surprise us one bit. Here we have a Democrat Party in America that couldn’t agree on a puny $1.2 trillion in spending reductions over a 10-year-period. That means that Harry Reid and Nancy Pelosi’s minions refused to slice off what amounts to $120 billion dollars a year of a federal budget nearly topping $4 trillion. Instead, they insisted that taxes be jacked up to pay for their statist programs.

Next up, we have the line that tax cuts blew the lid off of our deficit. That’s funny, because during the last year a Republican budget controlled Congress (fiscal year 2007), the deficit stood at a minuscule $161 billion dollars. $161 billion! {That’s at least five years into the tenure of those evil tax cuts.} Moreover, as HUMAN EVENTS has previously reported, federal tax receipts actually went up while the tax cuts were accelerating. In other words, the United States Treasury received more money not less because of the Bush tax cuts that we’re told ruined America’s economy.

See for yourself:

$1.88 trillion in 2004

$ 2.15 trillion in 2005

$ 2.4 trillion in 2006

$ 2.6 trillion in 2007

The last figure was actually the highest dollar amount brought into the Treasury Department… ever. That’s right, folks. While Democrats wail and whine about tax cuts as the main culprit for this country’s deficit woes, it turns out that we were bringing in bagfuls of money at historic proportions during that same time.

Idiots.

Then there are the politically-savvy, but totally fallacious, calls for "shared sacrifice." Naturally the Democrats don’t use that phrase to describe the nearly 50 percent of Americans who don’t pay any federal income taxes, but instead those who already pay the bulk of all federal, state, and local taxes. That aside, it’s the spending side of the lever that is completely out-of-whack, and has been so for a while. We’re now in our third straight year in a row with deficits exploding past $1 trillion dollars.

So when a lib is babbling to you about “shared sacrifice,” you can remind him that his great leader Messiah Obama shattered two spending records: Giving America her first-ever $1 trillion dollar deficit, and number two, extending that history-making deficit three consecutive years.

Heck, this guy has managed to increase the national debt by more than the first 41 presidents combined (George Washington to George Bush), and he’s managed to accomplish this feat in a mere 32 months.

You go, Barack!

And there you have it, the cutting evidence you need at your finger tips to eviscerate those unending lefty desires to slam us against the locker room and raid our wallets some more. Time to hit these Dems back with what they can’t get around -- a little something, something called: Facts.

6 comments:

tax help laguna niguel ca said...

Thanks for this informative post...

Brigid said...

Everett - just a note to wish you and your family a wonderful Thanksgiving.

Love -
B

Old NFO said...

Good one, and when I get home I'm going to print this one out, thanks Ev! And happy (belated) thanksgiving...

Lauras Letters said...

Right on, tell me about it!
Thank you for a great message.

Anonymous said...

I've seen that story before, and lots of it are half true or are half-lies at best. I will agree that it is not all about tax rates, which are regressive, but we need to eliminate some very large subsides as well. To that extent I can agree with parts of the article.

However, Congress and its "super-committee" have failed so as it stands now, the Bush "tax cuts" will go away, defense will be cut by another half a trillion, and not much will be done to address entitlements such as Medicare and Social Security. You don't need a liberal to talk smack because our Congress has already done the job for us, and did what the liberals wanted.

You can blame Obama all you want but the fact is that Congress did this to us over the last 30 years of mismanaging our economy. Everyone including Bush, Clinton, and all the rest get the blame as well but they can't spend a dime unless Congress lets a President spend it.

This might surprise you, although I don't think anyone will change their mind (personally I thought the article was sophomoric garbage). The real enemy is that the financial trading houses have taken over the US and are dictating national and international policy.
-sam

BragonDorn said...

I am a CPA and love threads like this :)