This'n'That; January 17th[Taxes;SpendingReform]

New Taxes;Tax Increases;Tax Cuts-What Works? There's alot to consider when addressing this issue. What will be the net affect of ANY tax action? Where will any deficit be made up? Where will any additional income be used or better yet, where will it come from? Much is to be said for tax cuts. President Ronald Reagan's administration favored reducing government programs and introduced the largest tax cuts in American history. The economic policies enacted in 1981 were an example of supply-side economics. Reagan aimed to encourage entrepreneurship and limit the growth of social spending, as well as to reduce regulation and inflation. Economic growth saw a strong recovery in the 1980s, helping Reagan to win a landslide reelection. By contrast, "Slick-Willie" was the first, [hopefully] last, and [hopefully]only administration to enact a "retro-active" tax increase. His signing of the Budget Reconciliation Bill on August 10, 1993 raised taxes on individuals and businesses retroactively back to January First. "Slick-Willie" would have us believe that his "economic policies'' are responsible for the prosperity of the eight years of his administration. What economic policies? Other than keeping Alan Greenspan at the Federal Reserve, Slick's biggest economic decision was his 1993 retroactive tax increase, eagerly approved by a Democratic-controlled Congress. Does he mean to suggest that a huge tax increase was responsible for the prosperity? Slick ignores the fact that the expansion began when Ronald Reagan cut marginal tax rates from Jimmy Carter's near garnishment level to a top bracket of one-third of a taxpayer's income. And he continues the deception that Reagan was responsible for the deficits, when it was a Democratic-controlled Congress that couldn't stop spending the new resources. When government allowed people to keep more of their money, many invested it, producing profits for themselves and new tax revenue for the government. In May 1991, "Slick-Willie" said "opportunity for all is not enough... For if we give opportunity without insisting on responsibility, much of the money can be wasted and the country's strength can still be sapped. So we favor responsibility for all. That's the idea behind national service. It's the idea behind welfare reform." In June of 1996, "Slick-Willie" said "First and foremost, community programs must stress abstinence and personal responsibility. A program cannot be successful unless it gives our children the moral leadership they need to say no to the wrong choices and yes to the right ones." In the Summer of 1996, "Slick-Willie" said "A long time ago... I concluded that the current welfare system undermines the basic values of work, responsibility and family, trapping generation after generation in dependency and hurting the very people it was designed to help." obama needs at least a trillion dollars to clean up the wreckage of the economic downturn. He needs to get that money without raising taxes. No problem. CUT TAXES and REDUCE SOCIAL SPENDING!!! ***For Tax Help, check out http://ataxingmatter.blogs.com **** There's lottsa great reference and instructional stuff**** Til Nex'Time...........