Dare to Dispute Tax Breaks?

Hello again!

From the same source at which I found the basis for my previous two posts (sheck.com) is the post that follows. I am wondering if anyone is willing to dare dispute the claims in this.

Lower tax rates grow the economy and generate more tax revenue.
Higher tax
rates kill growth.
From an email from the conservative, Christian Family
Research Council:
Taxes Cut, Deficit--not Sky--Falls
Liberals wrung their
hands when President Bush first proposed tax cuts back
in 2001. It would
ruin the economy and balloon the deficit, they wailed. Now, we
are seeing
the deficit falling rapidly. This year's deficit of $296 billion is
30
percent lower than projected just last February. That's a $127 billion
decline from that February forecast. Revenues have increased, accounting for
90
percent of the deficit reduction. This is an historic moment and
President Bush
is right to call attention to the success of his pro-growth
economic
policies.
FRC supported those tax cuts, especially the
pro-family portions of the tax
package. Now we see that they are working to
the benefit of all Americans. It's
not only a victory for President Bush,
it's also vindication for Ronald Reagan.
When he first proposed massive tax
cuts in 1980, Reagan was criticized for
"voodoo economics." Later, liberal
pundits blamed President Reagan for the
deepening recession that began on
Carter's watch. But, as Reagan's tax cuts
began to work, and America
rebounded, he smilingly said: "You'll notice they
don't call it Reaganomics
any more." Thank you, President Bush, for staying the
course
This worked
for Presidents Kennedy, Reagan, Clinton, and G W Bush.
God made human beings
to be success-motivated. When we can keep more of
what we earn, we earn
more, create more, and produce more. It's human nature...
that's economic
conservatism at its finest.
More from our President...
Together, these
tax cuts left nearly $1.1
trillion in the hands of American workers and
families and small business
owners, and they used this money to help fuel an
economic resurgence that's now
in its 18th straight quarter of growth. The
tax cuts we passed work.
(Applause.)
Last year, our economy grew at 3.5
percent, and in the first quarter of
this year, it grew at an annual rate of
5.6 percent. Over the past three years,
our economy has grown by more than
$1.3 trillion, an amount that is larger than
the size of the entire Canadian
or South Korean economy.
http://www.whitehouse.gov/news/releases/2006/07/20060711-1.html
For
news analysis of how the biased liberal media twists the good economic
news,
see http://www.nationalreview.com/lowry/lowry200311210905.asp
And
finally from the Great Rush Limbaugh --
Bush Tax Cut Worked Better
Than
Expected May 12, 2006 RUSH: (Wall Street Journal) "The Federal government
ran a monthly budget surplus of $118.85 billion in April as tax receipts
came in
stronger than the same period last year." In fact... (AP) "A flood
of income tax
payments pushed up government receipts to the second-highest
level in history in
April, giving the country a sizable surplus for the
month.
In its monthly accounting of the government's books, the Treasury
Department said Wednesday that revenue for the month totaled $315.1 billion
as
Americans filed their tax returns by the April deadline. The gusher of
tax
revenue pushed total receipts up by 13.4% from April 2005."
Now, a
question. How can this happen? How can this happen when we had tax
cuts? How
can it possibly happen when we have had tax cuts, ladies and
gentlemen?
Well, it happens because of the way we've always told you it happens:
Tax
cuts produce more revenue because they create more jobs equaling more
taxpayers, and more taxpayers contribute more tax revenue while the
aggregate
tax payment per person comes down.
It works every time it is
tried, if the top rate that you are reducing is
not too low. You reach a
point where you are not going to raise revenue if your
tax rate is zero.
There is a formula for this. It obviously works, especially
with capital
gains coming down to 15%. So this leads me to another question.
What do
liberals hate more than our president? Now, I'll give you a hint: it is
one
word. I'll give you another hint: it begins with "R." No, it is not Rush. It
is not me. It has seven letters. Liberals hate more than our president, one
word.
It begins with "R", and has seven letters. Don't bother figuring it
out.
I'll tell you. What liberals hate more than our president and me is
R-E-A-L-I-T-Y. The tax cuts worked, and according to today's media, the Wall
Street Journal and others, they worked better than advertised. Yet, only 15
Democrats in the house broke ranks with Pelosi and supported the extension
of
these tax cuts! Only three in the Senate! Only three Democrats broke
ranks and
supported the extension. Despite the evidence, the liberal rally
cries the tax
warfare cry. "Tax cuts favor the rich."
http://www.rushlimbaugh.com/home/today.guest.html
Bottom
Line: Cut tax rates and grow the economy. It works every time it has
been
tried.

So...any takers?





Sincerely,
The Samaritan