[Proculation]

Reagan dramatically decreased incomes taxes and corporate taxes in the the early 80s recession. Here's what happened:

Wiki Wiki:

In addition to changes in marginal tax rates, the capital gains tax was reduced from 28% to 20% under ERTA. Afterwards revenue from the capital gains tax increased 50% by 1983 from $12.5 billion in 1980 to over $18 billion in 1983.[3] In 1986, revenue from the capital gains tax rose to over $80 billion; following restoration of the rate to 28% from 20% effective 1987, capital gains revenues declined through 1991.[3]

Critics claim the tax cuts worsened the deficits in the budget of the United States government. Reagan supporters credit them with helping the 1980s economic expansion[6] that eventually lowered the deficits. After peaking in 1986 at $221 billion the deficit fell to $152 billion by 1989.[7]

So, yes, it brings deficit in short term. But not in the long term. It seems like you are thinking like a politician

[eureka]

The time to cut corporate taxes is almost never. It is extremely difficult to raise them again given the power of the recipients. In a recession, consumption and income taxes could be reduced if it is the kind of recession that requires consumer stimulus.

"Tax cuts give more opportunities to industry. That means more investments, more R&D, more jobs, so, more tax revenue for the government. That's a basic economics principle."

That is the theory of certain Right Wing schools of economics. It is not a principle and the theory has been exploded by observation.

Corporate tax cuts have never translated to to those things. They lead to dividend increases and higher stock prices: more grist to the exclusive mill of the wealthy.

They lead to leakage from the economy through luxury purchases: foreign travel and other similar unproductive activities.

They do not and never have led to job creation and greater government revenue. There is also little evidence that R &D benefits as that area of our economy and the American has suffered in spite of the ongoing corporate tax cuts of the past thirty years.

[Proculation]

$1:

The time to cut corporate taxes is almost never. It is extremely difficult to raise them again given the power of the recipients.

I would like you to translate that to social programs and benefits like in Greece.

I loved the riot after they cut the program of "14 months pay for 12 months job".

[eureka]

Proculation Proculation:

$1:

The time to cut corporate taxes is almost never. It is extremely difficult to raise them again given the power of the recipients.

I would like you to translate that to social programs and benefits like in Greece.

I loved the riot after they cut the program of "14 months pay for 12 months job".

What has Greece to do with that? Evasion of taxes has been the principal problem in Greece. Allied, of course, to the banking problem created by the Right Wing theories that plagued the whole world over the past decade.

The wealthy in Greece have lived almost tax free for a long time.

[Proculation]

eureka eureka:

Proculation Proculation:

$1:

The time to cut corporate taxes is almost never. It is extremely difficult to raise them again given the power of the recipients.

I would like you to translate that to social programs and benefits like in Greece.

I loved the riot after they cut the program of "14 months pay for 12 months job".

What has Greece to do with that? Evasion of taxes has been the principal problem in Greece. Allied, of course, to the banking problem created by the Right Wing theories that plagued the whole world over the past decade.

The wealthy in Greece have lived almost tax free for a long time.

You are not helping yourself here.

[bootlegga]

Proculation Proculation:

Reagan dramatically decreased incomes taxes and corporate taxes in the the early 80s recession. Here's what happened:

Wiki Wiki:

In addition to changes in marginal tax rates, the capital gains tax was reduced from 28% to 20% under ERTA. Afterwards revenue from the capital gains tax increased 50% by 1983 from $12.5 billion in 1980 to over $18 billion in 1983.[3] In 1986, revenue from the capital gains tax rose to over $80 billion; following restoration of the rate to 28% from 20% effective 1987, capital gains revenues declined through 1991.[3]

Critics claim the tax cuts worsened the deficits in the budget of the United States government. Reagan supporters credit them with helping the 1980s economic expansion[6] that eventually lowered the deficits. After peaking in 1986 at $221 billion the deficit fell to $152 billion by 1989.[7]

So, yes, it brings deficit in short term. But not in the long term. It seems like you are thinking like a politician

Wow! He dropped the deficit to ONLY $152 billion! Yeah, that's success all right.

Frankly, it sounds to me as if his tax cuts didn't do anything other than line the pockets of his rich friends...

[OnTheIce]

bootlegga bootlegga:

Oh please stop projecting your partisanship on others. Frankly coming from the most partisan conservative on CKA, this is little more than the pot calling the kettle black.

As I have said over and over, I'm not a Liberal supporter, I'm a centrist.

Bullshit.

Your a closet Liberal just waiting for your party to return from the dead to profess your support for them. Don't worry, I'd be in hiding too. Your pro-Liberal anti-Conservative posting during the election was evidence of such.

Grow a set.

bootlegga bootlegga:

As for the thread conversation, comparing Martin and Harper is like comparing apples and oranges. There was no global recession (possibly a double dip one at that too) occurring when Martin cut taxes - on the contrary, the world was in the beginnings of the dotcom boom and the economy was humming along.

He did exactly what I said cut taxes when the economy was doing well, not in the midst of a recession.

Regardless, despite being apples and oranges, Liberals like you will find a way to support your boy Martin and have perfectly reasonable explanations for his cuts and tax policies.

[bootlegga]

OnTheIce OnTheIce:

bootlegga bootlegga:

Oh please stop projecting your partisanship on others. Frankly coming from the most partisan conservative on CKA, this is little more than the pot calling the kettle black.

As I have said over and over, I'm not a Liberal supporter, I'm a centrist.

Bullshit.

Your a closet Liberal just waiting for your party to return from the dead to profess your support for them. Don't worry, I'd be in hiding too. Your pro-Liberal anti-Conservative posting during the election was evidence of such.

Grow a set.

Wrong again - but that's not all that unusual for you, now is it?

After all, you used "your" when you should have used "you're".

Just because I posted a few threads citing mistakes Harper and the Conservatives made doesn't make me a Liberal, anymore than you wishing Jack Layton to RIP makes you a NDP member.

I've voted for both major parties federally, and will continue to do so in the future - assuming the Conservatives become more progressive and less right wing - just like I'll vote for the Libs when they move back to the centre.

OnTheIce OnTheIce:

bootlegga bootlegga:

As for the thread conversation, comparing Martin and Harper is like comparing apples and oranges. There was no global recession (possibly a double dip one at that too) occurring when Martin cut taxes - on the contrary, the world was in the beginnings of the dotcom boom and the economy was humming along.

He did exactly what I said cut taxes when the economy was doing well, not in the midst of a recession.

Regardless, despite being apples and oranges, Liberals like you will find a way to support your boy Martin and have perfectly reasonable explanations for his cuts and tax policies.

Blah, blah blah, more partisan BS.

If you can't contribute to the conversation at hand, just STFU already.

[OnTheIce]

bootlegga bootlegga:

Just because I posted a few threads citing mistakes Harper and the Conservatives made doesn't make me a Liberal, anymore than you wishing Jack Layton to RIP makes you a NDP member.

Yep, pretty much all of your new topics during the election were pro-Liberal...but we'll just sweep that under the rug.

You posted more pro-Liberal/anti-Harper stuff during the election and I'm the "most partisan" on this forum?

bootlegga bootlegga:

Blah, blah blah, more partisan BS.

If you can't contribute to the conversation at hand, just STFU already.

Doesn't make much sense when you make reference to the pot-kettle and spew some partisan BS yourself and then accuse me of such.

Your hypocrisy is outstanding!

[bootlegga]

OnTheIce OnTheIce:

bootlegga bootlegga:

Just because I posted a few threads citing mistakes Harper and the Conservatives made doesn't make me a Liberal, anymore than you wishing Jack Layton to RIP makes you a NDP member.

Yep, pretty much all of your new topics during the election were pro-Liberal...but we'll just sweep that under the rug.

You posted more pro-Liberal/anti-Harper stuff during the election and I'm the "most partisan" on this forum?

Well, I don't seem to recall people bitching at me (or neg-repping me for that matter - I also noticed you turned yours off - can't take the heat can you ) for constantly posting partisan stuff like you. Yes, I posted some anti-Harper stuff, but I also posted in all sorts of other non-election threads. When was the last time you can say the same? Weeks ago? Months ago? Years? Never? Odds are, the latter is probably correct.

Like I said during the election, someone needed to balance out the conversation - you were just pissed off that someone had the balls to do so.

As I said then, debate/conversation is a two way street, not a one way one. But it was lost on you then as it is now...

OnTheIce OnTheIce:

bootlegga bootlegga:

Blah, blah blah, more partisan BS.

If you can't contribute to the conversation at hand, just STFU already.

Doesn't make much sense when you make reference to the pot-kettle and spew some partisan BS yourself and then accuse me of such.

Your hypocrisy is outstanding!

Have you said anything in this thread other than "Liberal supporters evil, Conservatives good"?

Yeah, didn't think so.

YOU, not I, brought politics into it. You, not I, turned this from a political issue into an economic one.

I only questioned the timing of these cuts, not the validity of them. What did I say page 1?

$1:

If Harper wanted to cut corporate taxes, the time to do it was 2006, not 2011.

I can honestly say I contributed to conversation - all you did was pop in and troll, which is your modus operandi...

[OnTheIce]

bootlegga bootlegga:

Well, I don't seem to recall people bitching at me (or neg-repping me for that matter - I also noticed you turned yours off - can't take the heat can you ) for constantly posting partisan stuff like you. Yes, I posted some anti-Harper stuff, but I also posted in all sorts of other non-election threads. When was the last time you can say the same? Weeks ago? Months ago? Years? Never? Odds are, the latter is probably correct.

The rep tool....It's like your personal "I don't like you" button...a tool for people to pretend to have power on a forum....or when I hurt your feelings making fun of the stench of the Liberal Party.

Can't take the heat? LOL. It's a forum dude, don't take it so seriously...like people are scared to hear random opinions from strangers.


When's the last time I posted in non-election threads? Look at my history and get a clue.


As I said then, debate/conversation is a two way street, not a one way one. But it was lost on you then as it is now...

[quote="bootlegga"]

YOU, not I, brought politics into it. You, not I, turned this from a political issue into an economic one.

I only questioned the timing of these cuts, not the validity of them. What did I say page 1?

[quote]

Try and keep up. You're chasing your tail again.

I came into this post AFTER you had made comments responding to another user and were already well under way taking shots at Harper and his fiscal policy.

[bootlegga]

You still have nothing to add...whatever troll.

If you have the balls to actually add something to the conversation (like Proc did), I'll respond, otherwise I'll...yeah, who's kidding who?

Everyone on CKA knows you don't have anything rattling around upstairs other than blind partisan rhetoric.

See ya!

[OnTheIce]

bootlegga bootlegga:

You still have nothing to add...whatever troll.

If you have the balls to actually add something to the conversation (like Proc did), I'll respond, otherwise I'll...yeah, who's kidding who?

Everyone on CKA knows you don't have anything rattling around upstairs other than blind partisan rhetoric.

See ya!

I did add to the conversation, you didn't like what was said....yet again.

It's an open discussion....I know it sucks when you don't like what's said, but you don't have to pout, result to lame insults and call people "trolls" when they add an opinion to an open discussion.

Grow up a little dude, being a forum bully can't be that much fun.

[Bruce_the_vii]

bootlegga bootlegga:

When the global economy is in the throes of a recession (or depression) and your government is already running a huge deficit and your corporate taxes are already amongst the lowest in the developed world, then no you should not be pursuing billions of dollars in corporate tax cuts.

Amen

[andyt]

Especially when American based companies will just have to pay US tax on the profits that our lower corporate rate leaves them here. The companies don't gain a dime and the US gets the tax money instead of us.