In My Opinion THE GOP TAX CUTS WORK by bluepastry Blog entry

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by bluepastry

In My Opinion THE GOP TAX CUTS WORK

That's Why Democrats Are Trying To Trick And Fool

Date: 11/4/2006 12:52:00 PM ( 18 y ) ... viewed 2099 times

FACT: THE GOP TAX CUTS HAVE HELPED U.S. ECONOMY

Experts Agree: Critics Wrong; U.S. Economy Is Strong:

Bernard Baumohl, The Economic Outlook Group: "Job creation is the single most important report card on the health of the economy and this morning's news on employment has to be viewed as encouraging." ("U.S. Employment Report Prompts Some Economists To Change Tune," The Wall Street Journal, 11/3/06)

Joshua Shapiro, Chief Economist, MFR: "A report that indicates more labor market strength than the pessimists believe." (Greg Robb, "Unemployment Rate Slides To 4.4%," Dow Jones, 11/3/06)

John Ryding, Bear Stearns: "The revisions to payrolls ... throw into question the view that the economy has slowed sharply." ("U.S. Employment Report Prompts Some Economists To Change Tune," The Wall Street Journal, 11/3/06)

Drew Matus, Lehman Economics: "A strong report that suggests that the labor market is very tight, that wages should begin to re-accelerate soon and that the consumer is likely to keep spending." ("U.S. Employment Report Prompts Some Economists To Change Tune," The Wall Street Journal, 11/3/06)

Data Shows U.S. Economy Is Strong:

After Inflation, Wages Have Increased 2.4% Over The Last Year. (Editorial, "Jobs Galore," The Wall Street Journal, 11/4/06)

92,000 Jobs Were Created In Oct. And An Additional 139,000 Jobs Were Created In Aug. And Sept. - More Than 6.8 Million Have Been Created Over The Last 38 Months. (House Education & Workforce Committee, Press Release, 11/3/06)

The Unemployment Rate Fell From 4.6% In Sept. To 4.4% In Oct., Its Lowest Level Since May 2001. (Bureau Of Labor Statistics Website, http://www.bls.gov, Accessed 11/3/06)

The Rate For African Americans Fell From 9.2% To 8.6%, The Lowest Since Aug. 2001;
The Rate For Hispanics Fell From 5.4% To 4.7%, The Lowest On Record. (Bureau Of Labor Statistics Website, http://www.bls.gov, Accessed 11/3/06)

The Economy Has Grown For 20 Straight Quarters. (Bureau Of Economic Analysis Website, http://www.bea.gov, Accessed 10/27/06)

The Economy Has Grown 15.8% (Nearly $1.6 Trillion, Or The Size Of Italy's Economy) Since President Bush Took Office. (BEA Website, http://www.bea.gov, Accessed 10/27/06; CIA Website, http://www.cia.gov, Accessed 10/27/06)

Oct. 2006 Marked Best Month For All Major Stock Indices Since Oct. 2003:

The Dow Jones Industrial Average Increased 3.4%;
The Nasdaq Rose 4.8%;
The S&P 500 Climbed 3.2%. ("Wall Street Logs Best October In Three Years," MarketWatch, 10/31/06)

BEWARE: Don't Believe The New York Times Editorial Page The Weekend Before An Election:

One Day After Positive Jobs Report, Surprise, The New York Times Tries To Talk Down Economy Four Days Before Election. The New York Times: "The latest information about the economy leaves no question that it has slowed down by just about every measure -- housing and manufacturing, retail sales and job growth, and others. ... The traditional remedies for a downturn are cutting taxes and cutting interest rates. But the reckless tax cuts of the last five years already point to worsening deficits in the future, leaving no room in the federal budget for more tax cuts." (Editorial, "The Economy Cools," The New York Times , 11/4/06)

WARNING: DEMS WANT YOU TO BELIEVE THEY "LOVE" TAX CUTS

Dem Leaders Want Americans To Believe They Will Deliver Middle Class Tax Cuts:

DNC Chair Howard Dean Claimed It's "Nonsense" The Democrats Would Raise Taxes. CNN's Wolf Blitzer: "The bottom line is that if democrats are elected, the warning goes out to the American people, get ready to pay higher taxes." Dean: "That's nonsense. We have no interest in that." (CNN's "Late Edition," 10/15/06)

Rep. Nancy Pelosi (D-CA): "Democrats have supported middle-income tax cuts. We love tax cuts, because when they are geared to the middle class, inject demand into the economy, create jobs, and also increase savings in our country. We've always been for them, whether it's the R&D tax credit, whether it's the child tax credit in a refundable way. I have told you in the speech what our priorities were." (Rep. Nancy Pelosi, Remarks At Georgetown University, Washington, DC, 10/5/06)

Click Here To Watch Nancy Pelosi Say Dems "Love Tax Cuts."

"'It's Quite Possible That I Might Want To Extend The Tax Cuts,' [Rangel] Said, Without Naming Any Specific Tax Cut That Might Continue." (Geoff Earle, "Rangel & Veep In All-Out War," New York Post, 10/31/06)

FACT: DEMS CAN'T HIDE INTENTIONS TO INCREASE TAXES

FACT: Dem Policies Would Lead To Tax Increases:

According To The National Taxpayers' Union Foundation (NTUF) The Democrats "New Direction For America" Would Increase Federal Spending By $79.1 Billion A Year. (National Taxpayers' Union Foundation, "'New Direction for America' Points Toward Higher Taxes, Deficits," Press Release, 11/1/06)

NTUF's Demian Brady: "Given that the average House Democrat's agenda in the last Congress would have boosted spending by $521 billion, the 'New Direction for America' may appear to be modest." (National Taxpayers' Union Foundation, "'New Direction for America' Points Toward Higher Taxes, Deficits," Press Release, 11/1/06)

FACT: Possible Ways & Means Committee Chair "Mean[s] It": He Can't Think Of One Tax Cut He Likes:

Rep. Charles Rangel (D-NY): "I was asked, 'Are there any tax cuts you would say you want to extend?' And I said no. And I mean it." (Lori Montgomery, "Tax-Cut Rollback Not On Table, Rangel Says," The Washington Post, 10/28/06)

"[Rangel] Said He 'Cannot Think Of One' Of President George W. Bush's First-Term Tax Cuts That Merit Renewal." (Ryan J. Donmoyer, "Rangel Vows Bipartisanship, Action On Trade As House Panel Head, Bloomberg, 9/20/06)

"[Rangel] Vowed To Put All Of President Bush's 2001 And 2003 Tax Cuts ... On The Chopping Block." (Rachel Van Dongen, "Rangel Says Democrats Won't be Going Back On Tax Pledge, As Former President Did," CQ Today, 9/26/06)

"Asked Whether Tax Increases Across The Income Spectrum Would Be Considered, He Replied, 'No Question About It'." (Martin Vaughan, "Rangel: 'Everything On The Table' To Blunt Impact Of AMT," CongressDaily PM, 9/26/06)

FACT: Senate Dem Leader "Not Into" Cutting Spending, Would Rather Raise Taxes:

"'I'm Not Really Into Cutting (Spending) Right Now,' Senate Democratic Leader Harry Reid Of Nevada Said ... Instead He Urged Republicans To Abandon Plans To Make The 2001 And 2003 Tax Cuts Permanent, Especially The Repeal Of The Estate Tax." (Kevin G. Hall and James Kuhnhenn, "Bush Vows To Repair Gulf Coast, Prompting Fears Of Deficit Spending," Knight Ridder, 9/17/05)

Sen. Reid Warned Democrats Would Have Power Of The Purse. PBS' Jim Lehrer: "[G]eorge W. Bush is still going to be president of the United States. What is a Democratic Senate going to do about all of that?" Senate Minority Leader Harry Reid (D-NV): "Well, of course, Jim, if we had the majority, we have control of the pocketbook, the purse. That's what our Constitution set up, is that the legislative branch of government controls the money. And this president, during the last six years, has had a carte blanche with this Republican-dominated Congress. He's gotten everything that he's wanted ..." (PBS's "Newshour," 9/13/06)

Click Here To Watch Sen. Reid's "Pocketbook" Warning.

FLASHBACK FACT: In 2004 Presidential Primary, Howard Dean Ran On Rolling Back "All" Tax Cuts:

Dean: "We Must Repeal The Entire Package Of Cuts - Both Those Signed Today And Those Passed In 2001." (Thomas Beaumont, "Dean Touts Wiping Out Tax Cuts," The Des Moines Register, 5/31/03)

Dean Said, "[W]e Can't Afford Any Tax Cut At This Time." (Adam C. Smith, "A Rival Quietly Makes Inroads," St. Petersburg Times, 4/13/03)
"'I Wouldn't Have Cut Taxes, Period,' Dean Said." (Ron Jenkins, "Six Democratic Hopefuls Make Pitch In Oklahoma," The Associated Press, 8/12/03)
Dean: "We don't need middle class tax cuts. If anyone has shown that tax cuts don't do anything for stimulating jobs, it's George Bush." (AARP Democrat Presidential Candidate Forum, Des Moines, IA, 10/15/03)

Failing To Extend Tax Cuts Would Hurt American Families:

Failing To Extend The Tax Cuts Would Result In A Nearly $2.4 Trillion Tax Increase On American Taxpayers. (Office Of The Press Secretary, The White House, "Growing Our Economy: Keeping Taxes Low And Restraining Spending," Press Release, 5/3/06)

115 Million Taxpayers Would Pay An Average Of $1,716 More A Year;
84 Million Women Would Face An Average Increase Of $1,970 A Year;
48 Million Married Couples Would Pay An Average Of $2,726 More A Year;
42 Million Families With Children Would Face An Average Increase Of $2,084 A Year;
o A Family Of Four Earning $50,000 Today Would Owe An Additional $2,092 A Year - A 132 Percent Increase In Their Tax Bill;

12 Million Single Mothers Would Face An Average Increase Of $1,062 A Year;
17 Million Seniors Would Pay An Average Of $2,034 More A Year;
26 Million Small Businesses Would Owe An Average Of $3,637 More A Year;
5 Million Low-Income Individuals And Couples Would Again Be Subject To The Individual Income Tax. (U.S. Department Of Treasury, "Without Permanent Tax Relief, Millions Of Americans Will See Their Taxes Go Up By Billions Of Dollars In 2011," Fact Sheet)
FACT: DEMOCRATS HAVE REPEATEDLY VOTED AGAINST MIDDLE CLASS TAX CUTS

FACT: Democrats Have Consistently Voted Against President's Tax Cuts:

85 Percent Of House And 72 Percent Of Senate Democrats Voted Against The 2001 Tax Cuts. (H.R. 1836, CQ Vote #149: Adopted 240-154: R 211-0; D 28-153; I 1-1, 5/26/01; H.R. 1836, CQ Vote #170: Adopted 58-33: R 46-2; D 12-31, 5/26/01)

97 Percent Of House And 96 Percent Of Senate Democrats Voted Against The 2003 Tax Cuts. (H.R. 2, CQ Vote #225: Adopted 231-200: R 224-1; D 7-198; I 0-1, 5/23/03; H.R. 2, CQ Vote #196: Adopted 51-50: R 48-3; D 2-46; I 0-1, With Vice President Cheney Casting A "Yea" Vote, 5/23/03)

In 2001, 69 Percent Of House Democrats Voted Against A Stand-Alone Bill To Double The Marriage Deduction And The Child Tax Credit. (H.R. 6, CQ Vote #75: Passed 282-144: R 217-0; D 64-143; I 1-1, 3/29/01)

In 2001, 95 Percent Of Democrats Voted Against A Bill That Reworked The Income Tax Rate Structure, Establishing A New, Low 10 Percent Income Tax Bracket. (H.R. 3, CQ Vote #45: Passed 230-198: R 219-0; D 10-197; I 1-1, 3/8/01)

In 2004, 34 Percent Of House Democrats Voted Against Extending The 10 Percent Income Tax Bracket (To 2010), Marriage Penalty Relief (To 2008), And Increased Child Tax Credit (To 2009). (H.R. 1308, CQ Vote #472: Adopted 339-65: R 213-0; D 125-65; I 1-0, 9/23/04)

In 2006, 92 Percent Of House And 93 Percent Of Senate Democrats Voted Against The $70 Billion Tax Relief Package, Which Extended The Capital Gains And Dividend Tax Cuts. (H.R. 4297, CQ Vote #135: Adopted 244-185: R 229-2; D 15-182; I 0-1, 5/10/06; H.R. 4297, CQ Vote #118: Adopted 54-44: R 51-3; D 3-40; I 0-1, 5/11/06)

In 2006, 82 Percent Of House And 90 Percent Of Senate Democrats Voted Against A Bill That Increased The Minimum Wage, Partially Repealed The Death Tax, And Extended Several Tax Credits. (H.R. 5970, CQ Vote #425: Passed 230-180: R 196-21; D 34-158; I 0-1, 7/29/06; H.R. 5970, CQ Vote #229: Motion Rejected 56-42: R 52-3; D 4-38; I 0-1, 8/3/06;)