Should the new majority let Bush's tax cuts expire?

NewYorker · Nov 25, 2006

Trader_Jorge said:

The tax cuts on capital gains and dividends have been huge contributors to why the Dow is at record levels and the Nasdaq has rallied so far since the tragedy of 9-11. If the Democrats do not renew the tax cuts, simple financial logic tells you that the markets will reverse a large piece of these gains. Boiling it down to terms that the unwashed masses here can understand, stocks are valued by the future expected benefit which arises from owning them. This can come from either dividend streams or capital appreciation (stock price increases). When you alter the tax rate, you alter both of these factors. Raising taxes lowers the future expected benefit from owning stocks, which subsequently reduces the value of the stocks. This is finance 101, boiled down to its simplest form for your benefit.

With half of American families owning stocks in one form or another, decreasing the value of their retirement accounts and personal accounts will not be popular. This isn't a rich vs. poor issue. This is half of America we are talking about.
Click to expand...

Low taxes have created one of the best job markets in the history of our country. Let's at least give Republicans their due

TL · Nov 25, 2006

adoo said:

once you make that correlation, you'd get a full view of the economy.

the economy signals during Bush Sr.'s last few year included rising unemployment, rising cost of living, stagnant GDP growth. are these the economic signals to which you've alluded. ?? these were the reasons that the US voters fired Bush Sr in favor of the repeat-offender (Adultery) from Arkansas.
dude, you should apply yourself and learn what "drag on the economy" means
Click to expand...

Boring.

Seriously dude...look at the numbers. Don't go off of memory from something 12-15 years ago. And don't go by what Dan Rather told you on hte news. Check those out. Each piece of data I've thrown out there has disproved what you said, but you're not interested in looking at it.

And as for the "drag on the economy" comment that other have pointed out to you. Check out the context. The wrods around it make a BIG difference. And it ain't so subtle.

This is why I rarely get dragged into this forum. I get a more intelectually honest debate when i talk to my niece about Dora the Explorer.

Have a good weekend

losttexan · Nov 25, 2006

where are the Real Republican, pay as you go, what happened? remember when the contract with america called for a balanced budget?

I'm for that so now we have spend crazy Republicans who want to cut the taxes of the upper income bracket.

Btw, I'm in he worst possible place for the taxs, make just enough to fall in high brackets yet don't seem to have any real money. If me paying a couple thousand more balances the budget so my children and grand-children aren't stuck with having to pay for this mess so be it.

PAY AS YOU GO!

Forums

Should the new majority let Bush's tax cuts expire?

NewYorker Ghost of Clutch Fans

TL Member

losttexan Member

Share This Page

About ClutchFans

Rockets Content

Support ClutchFans!