Letters to the Web Editor

Toby Wahl · Joined: 15 Jul 2008 07:50 pm Posts: 297

I can't help but take notice that the line, "Cutting taxes raises revenue" doesn't seem to be illustrated by the reality of Bush's tax cuts. Bush Sr. and Bill Clinton raised taxes and after 12 years we had a surplus. Bush cut taxes, we lost the surplus and now have a deficit. You are right that those who make a lot of money pay a lot of taxes, but I have never heard of someone that made a lot of money and the taxes they pay putting them in the poor house. The problem is that giving tax cuts to the rich, trickle down economics, is a faith-based program. You have to have faith that the rich are going to turn around and reinvest the tax cuts in their community or even in this country. That faith is never confirmed. The owners of Goodyear/Kelly Springfield got a big tax cut from Bush. Did it trickle down?

Now if you give a tax cut to plumbers, teachers, construction workers, electricians, city workers, small business owners, etc. faith is not required. They WILL reinvest it in their community and the money will stay in our country. Because we shop here, eat here, send our kids to gymnastics here, play golf here, vacation here, build our small businesses here, and hire here. The tax cut goes full circle with no break in the circle. Then we are opened up to do things like abolish taxes for soldiers and seniors.

Give a millionaire a tax cut and he goes on vacation to Japan and eats sushi. Give me a tax cut and I go to Galveston, come home and take my kids to Rudy's for some brisket and slaw. The money starts down and trickles up, no faith required. The free market prevails. Business booms because the most important part of the free market, the consumer, is consuming, and boy can my kids and me consume that brisket!

Marvin Crain · Joined: 15 Jun 2008 04:57 pm Posts: 241

Toby,

All the people (groups) that you mentioned did get a tax cut. If tax cuts do not work, why is PelNosi and Co. wanting to give out another tax stimulus package? If they believe that tax rebates (stimulus) do work, that is tacit agreement that tax rebates work.

Autos Tyler Jobs Real Estate Classifieds Local Shopping Coupons	Obituaries Death Notices News Opinion Business Religion	Financial News Sports HS Sports College Sports Golf Outdoors	Arts/Entertainment Celebrations East Texas Life Food Rose Festival Komen Race	Clubs/Organizations Community Resources Event Calendar Photo Galleries TylerTube Email Newsletter	ET Weather Bob Peters Forecast Mobile Edition RSS Feeds Contact Us TylerPaper Jobs	FAQ About Us Who We Are Subscribe Place An Ad	Copyright Policy Privacy Policy Authorized Use Agreement Terms/Conditions of Use
©2008 TylerPaper.com/Tyler Morning Telegraph 410 W. Erwin St., Tyler, Texas 75702 All Rights Reserved