Showing posts with label Taxes. Show all posts
Showing posts with label Taxes. Show all posts

Friday, June 22, 2007

Fred Thompson shows Tax Cuts good for our Kids

Well, all of you who were wondering how Fred stands on Taxes, here you go. I think you'll find a lot to like. I wonder if we can find a Republican in Colorado with the courage to take a principled stand against the Dem's "stealth" tax hike here in Colorado? I'm not holding my breath, they;re all too busy out at the country club.

One of the reasons I keep ringing the bell about the Bush tax cuts is that they’ve been so good for our country in so many ways. Letting them expire would amount to a tax hike of historic proportions -- a tax hike that would take a higher share of our total economy than any year but one since the end of World War II.

With increased revenues (ED:Due to economic growth from the tax cuts)on a state and local level, more police were hired. Financially healthy families took their children to doctors more often, who were more likely to prescribe medications and other treatments. The study even pointed out that increased financial health reduces family tensions and produces happier children -- less prone to problem behaviors.

The irony is that we got these improvements in our children’s lives from a strong economy driven by tax cuts. Now we're being told that tax cuts have to end, so that the government can tax us and spend the money on programs to accomplish what Americans already did for themselves. And they did it far better than any bureaucracy ever could.

Courtesy of Fred Thompson, The Thompson Report

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Sunday, April 15, 2007

Fred Thompson On Taxes

The case for maintaining the tx cuts - by the man himself.

Case Closed - Tax cuts mean growth.

It's that time again, and I was thinking of the old joke about paying your taxes with a smile. The punch line is that the IRS doesn't accept smiles. They want your money.

So it's not that funny, but there is reason to smile this tax season. The results of the experiment that began when Congress passed a series of tax-rate cuts in 2001 and 2003 are in. Supporters of those cuts said they would stimulate the economy. Opponents predicted ever-increasing budget deficits and national bankruptcy unless tax rates were increased, especially on the wealthy.

In fact, Treasury statistics show that tax revenues have soared and the budget deficit has been shrinking faster than even the optimists projected. Since the first tax cuts were passed, when I was in the Senate, the budget deficit has been cut in half.

[The Rest of the Story]

Remarkably, this has happened despite the financial trauma of 9/11 and the cost of the War on Terror. The deficit, compared to the entire economy, is well below the average for the last 35 years and, at this rate, the budget will be in surplus by 2010.

Perhaps the most fascinating thing about this success story is where the increased revenues are coming from. Critics claimed that across-the-board tax cuts were some sort of gift to the rich but, on the contrary, the wealthy are paying a greater percentage of the national bill than ever before.

The richest 1% of Americans now pays 35% of all income taxes. The top 10% pay more taxes than the bottom 60%.

Courtesy of FRED THOMPSON blogging at Opinion Journal

Much more where that came from. Give Fred the full read. But I bet Rush Limbaugh is smiling about that last line.

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