I was attempting to refute Krugman's point that we shouldn't use tax cuts this stimulus because they didn't work in the last stimulus. My point was that they did not work last time because they were rebates and not rate cuts.
To your point, in the current stimulus their are no tax rate cuts (that I've seen). The evidence you need to look at is "last year's stimulus". It provided $600/person and failed to properly stimulate long-term. The Obama stimulus provides only $400/person, $200 less per person along with no tax rate cuts. This year's tax rebates alone (and $200 less) will not stimulate the economy long-term. So in that sense, republicans are right, but I'll take it a step further and say this stimulus does not provide enough (or any) TAX RATE CUTS to properly stimulate the economy and I'd like to see at least some rate cuts in cap gains and income tax. Jarrad On Feb 13, 2009, at 3:33 PM, Lance McCulley wrote: > Ok, but I believe that is Krugman's point--that tax cuts don't > stimulate as much as spending does. > > It very well might be true--and it looks like it is by your sources-- > that tax rate cuts provide more stimulus than tax rebates, but I > that doesn't seem to be the GOP's position in this current stimulus. > The current position, if I'm correct, is that the stimulus doesn't > contain enough tax cuts, of any kind, to properly stimulate. I was > just hoping you would be able to provide evidence that shows that > position to be true. > > -Lance > > > On Fri, Feb 13, 2009 at 12:27 PM, Jarrad Reiner <[email protected]> > wrote: > In my quotation you cited, I was comparing tax rate cuts versus tax > rebate checks... > Which is the comparison the Heritage piece investigated. I was not > pitting rate cuts versus spending. > > Jarrad > > > > On Feb 13, 2009, at 3:21 PM, Lance McCulley wrote: > >> I just re-read it. It doesn't contain evidence that tax rate cuts >> will stimulate the economy better than spending on infrastructure/ >> education/health care/etc. >> >> Do you have any others? >> >> -Lance >> >> >> On Fri, Feb 13, 2009 at 12:17 PM, Jarrad Reiner >> <[email protected]> wrote: >> The Heritage links provide evidence for that claim... >> >> Jarrad >> >> >> On Feb 13, 2009, at 3:14 PM, Lance McCulley wrote: >> >>> Thanks, my costly SDA education is finally paying off! >>> >>> I was actually requesting evidence for your claim, "Not only do >>> tax rate cuts produce more jobs, they produce higher consumption >>> expenditures and spur higher levels of investment." Although, >>> that's good stuff, too. Why'd Bush go for a one time tax rebate >>> versus a tax rate cut? >>> >>> -Lance >>> >>> >>> On Fri, Feb 13, 2009 at 12:08 PM, Jarrad Reiner >>> <[email protected]> wrote: >>> Your a fast reader :) >>> >>> http://www.washingtontimes.com/news/2008/jan/16/tax-cuts-vs-tax-rebates/ >>> http://www.heritage.org/research/taxes/BG1440.cfm >>> http://www.mlive.com/news/ann-arbor/index.ssf/2009/02/sunday_qa_how_effective_are_ta.html >>> http://www.heritage.org/press/commentary/ed011008c.cfm >>> http://209.85.173.132/search?q=cache:-6cb5a5CsUEJ:mason.gmu.edu/ >>> ~rwagner/rebates.pdf+tax+rebate+versus+tax >>> +cut&hl=en&ct=clnk&cd=17&gl=us&client=firefox-a >>> >>> Jarrad >>> >>> >>> >>> >>> On Feb 13, 2009, at 2:57 PM, Lance McCulley wrote: >>> >>>> Would you mind linking to some kind of empirical data that >>>> supports your claim? >>>> >>>> -Lance >>>> >>>> >>>> On Fri, Feb 13, 2009 at 11:55 AM, Jarrad Reiner >>>> <[email protected]> wrote: >>>> Ok, I'm done laughing... >>>> >>>> The author thinks "Tax cuts may have some role" but they didn't >>>> do much in last years stimulus, "it just wasn't very effective" >>>> and no one has given any argument as to why that would be any >>>> different this time, so thats a poor measure.... >>>> >>>> Well, let me enlighten the great Nobel Laureate....He forgot to >>>> mention in the 4 minute clip that the tax cuts in last year's >>>> stimulus plan WERE NOT TAX RATE CUTS. They were one time tax >>>> rebate checks. Huge Difference. Not only do tax rate cuts >>>> produce more jobs, they produce higher consumption expenditures >>>> and spur higher levels of investment... >>>> >>>> Oh ya, and their permanent versus a one time rebate check. >>>> Tax Rebate checks are great for politicians in Re-Election years >>>> (such as 2008). >>>> >>>> Jarrad >>>> >>>> >>>> >>>> On Feb 13, 2009, at 2:27 PM, Lance McCulley wrote: >>>> >>>>> http://fora.tv/2009/01/29/Paul_Krugman_Global_Economy#Paul_Krugman_Supports_Stimulus_Warns_No_Quick_Fix >>>>> >>>>> -Lance >>>>> >>>>> >>>>> >>>> >>>> >>>> >>>> >>>> >>>> >>>> >>> >>> >>> >>> >>> >>> >>> >> >> >> >> >> >> >> > > > > > > > --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Politically Opinionated Outspoken People Expounding Religion" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/pooper?hl=en -~----------~----~----~----~------~----~------~--~---
