No related posts.

Read More...' />

10 Comments

  1. Doug

    July 30, 2013 at 2:46 pm

    Don’t forget the economic multiplier of tax cuts though. It is pretty well established that a tax increase, especially an income tax increase, will have an immediate negative effect on the economy, with a multiplier of between 1 and 3 depending upon whose research you accept. As far as I am aware, no peer-reviewed study exists that concludes there will be no negative effects. When you take that in an over taxed society like NC you are decreasing economic activity in the state by more than that $524 million that was being confiscated. The real question is what will the people of NC be able to do with between $524 million and $1.5 billion in increased economic freedom. Maybe in addressing the points above….pay their college bills or student loan payments…find a non teacher assistant job because a business was able to thrive and begin hiring……increase economic activity so that in the next budget cycle school buses can be bought……encourage school systems to weed out much of the fat at the top of their management structure (right! that will happen…the fat cats actually always stay) in preparation to be trusted with more education dollars…..and on and on. For every point above and more there is a reasoned rebuttal.

  2. RJ

    July 30, 2013 at 4:02 pm

    Doug: Link to studies showing 1 to 3 multiplier for discrete tax cuts for top quintile or STFU. This statement is as enlightening to me about your econ knowledge as your statement that Obama has been president during a period of high inflation. Just complete nonsense.

  3. Alex

    July 30, 2013 at 7:24 pm

    Ask yourself RJ why the Obama economy has failed so miserably, and when you figure it out post it on here ? I would love to read it.

  4. david esmay

    July 30, 2013 at 8:17 pm

    Really Alex, according to Pew Research consumer confidence is at it’s highest level since 2007, and the economy is improving despite Rubepublican efforts to subvert growth. Try again.

  5. david esmay

    July 30, 2013 at 8:19 pm

    Doog, there is no evidence what so ever that tax cuts create jobs or stimulate the economy, in fact they have the opposite effect. What the do is increase debt and deficits.

  6. RJ

    July 30, 2013 at 8:32 pm

    Alex: Aren’t you the same guy who thought Obama was inaugurated in July 2007? Thanks for playing…

  7. Alex

    July 31, 2013 at 6:57 am

    I can’t understand why david will not go back and look at the Reagan years , and see what the tax cuts did for the economy…. 26 million new jobs, huge increases in middle class income, and unemployment under 5%. It must just be a mental block or something. Why don’t you tell the 12 million people currently unemployed how good the Obama economy is ?

  8. RJ

    July 31, 2013 at 7:40 am

    What is it about the Reagan admin’s explosion in government borrowing and spending (mainly for military) combined with the 1986 tax increase that conservatives forget? I guess it’s the same amnesia they have regarding the Clinton era prosperity. It doesn’t fit their narrative so it didn’t happen.

  9. Alex

    July 31, 2013 at 8:03 am

    RJ struggles with the numbers just like most Liberals. He forgets that Obama spent and borrowed more in his first term than all of the Presidents before him, and continues to run a $ 50 BILLION dollar deficit every month, and would be even higher without the federal reserve manipulations. Like I said before , the rich get richer and the poor get poorer under Obama.

  10. Doug

    July 31, 2013 at 3:55 pm

    Ok RJ, I am feeling generous. Let the name calling begin.

    http://www.nber.org/papers/w13264