Friday, July 23, 2010

left hates cutting spending and taxes

http://biggovernment.com/oftheeising/2010/07/23/lessons-from-the-stimulus-plan-theres-a-better-way/

Why not try another approach? The left is ever scornful of, and resolutely opposed to, Republican tax-cutting proposals, notwithstanding compelling evidence that such tax policy invariably results in explosive economic growth (think the Reagan tax cuts of 1981 and the Bush tax reductions in 2001). The “rich” must “pay their fair share” they cry even though the upper five percent of taxpayers pay approximately sixty-one percent of the federal income taxes collected, and the bottom 50% contribute only three percent of all income tax collected, and 43% pay no income tax at all. The answer lies in what Mr. Obama really means about fundamentally changing America. His vision is nearer to the socialist dream of transferring wealth from the most productive members of society to those less fortunate on the wealth scale … and the tax system is the left’s best weapon to achieve that result.

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