Let’s see whether we can prove that higher taxes are bad for the economy by charting the top marginal tax rate versus the % growth in GDP for each year. If higher taxes stifle the economy, we should see an increase in growth each time we lower tax rates. And likewise, if the theory holds, we’ll see a drop in growth each time we increase the tax rate. Does that pan out?
From 2002-2009, Republicans in the House and Senate voted to raise the United States debt ceiling 7 times under George W. Bush, a Republican president. They raised the debt ceiling with no worries, no concern, no filibusters, no problems, no mentions of ‘children and grandchildren’, or any of this right-wing rhetoric we seem to hear spewed every day from the Republicans here in the year 2011.
After Rupert Murdoch’s newspaper News of the World hacked into cell phones to eavesdrop on messages and Murdoch’s newspaper The Wall Street Journal omitting this news article, we are left to ask who can we turn to for accurate news reporting?
The Republican Party has drawn their line in the sand; they flatly refuse to raise taxes on the wealthy. Their argument is that higher taxes kills job creation. Proponents phrase this as, ‘lower taxes creates jobs’ and ‘we cannot tax the job creators’. This is a circular logic, which is not substantiated by evidence.
Regardless of which inflation-adjusted measure we use, the answer is still the same: Overall, the past 80 years show us a thorough lack of clear correlation between the top marginal tax rate and GDP growth. The data’s closest hint of a relationship derives from the slightly more robust average GDP growth back when the top rates were higher, but that closest hint isn’t close enough to be sure of an ideal rate.
These words are all included in States’ Constitutions from around the country, so why aren’t they included in the US Constitution? Check out this list and see if you think these words should have been included in the US Constitution.
Many Republicans think that the Republican Party of today is comparable to the Republican Party of Lincoln, but that is simply not true. The people that would have supported Lincoln switched parties many years ago.
Recently, it has become the rhetoric of the GOP that anything that doesn’t agree with them is ‘socialist’ or ‘leading us towards socialism’. This is not the first time the GOP has tried this tactic. Socialism doesn’t mean what they want you to think it means, they’re using the term incorrectly.
George W. Bush said he couldn’t do anything to lower gas prices when he was President. No Republicans criticized him. Obama does something to lower gas prices and Republicans criticize him. Why haven’t more people noticed?
Republicans who are Hell bent to make Obama a One-Term President, promise many, many things. Republicans campaigned on ‘Jobs’, they claim they don’t want government to come between you and your doctor, they claim to be peaceful, and they claim they are fiscally responsible. Well, they lied to us.
While President Obama is trying to negotiate a deal with the Republicans in the House and in the Senate on raising the debt ceiling, both parties are actively voicing their opinions in an attempt to sway public opinion.
There is an argument being pressed by a substantial portion of the population that we need to go back. To return to the good ol’ days. That we’ve gone to far and are in need of a reversal of course. That we don’t need progress.
Despite unemployment being stuck at 9 percent, wages stagnating at best for many American workers, and a global competition for economic dominance, the GOP claims that their so-called ‘mandate’ from the midterm elections is ‘to rein in uncontrolled spending’.