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Old 05-26-2009, 04:19 PM   #56
HL1978
Dojo: Aunkai
Location: Fairfax, VA
Join Date: Aug 2006
Posts: 429
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Re: Obama's Spending vs Obama's Spending Cuts

Quote:
David Orange wrote: View Post
But if I point out that Bush gave the wealthy a tax cut while starting two wars that would benefit the very people who got the tax cut, that's suddenly villification?
I thought everyone got a tax cut under Bush. I wasn't in the top rate during the first round of tax cuts, but I remember everyone's rates falling, not just top income earners.

Also, given that the "rich" pay a majority of taxes anyways under our current system and therefore be the primary beneficary of any tax cut? It is hard to cut income taxes for those who do pay little or no income (not FICA) taxes.

Now with regards to wether it is the right choice to massively increase spending in a downward economy or if it was the right choice last time around to give tax cuts in the middle of a downwards economy, followed by later cuts around the time we went to war is certainly a matter of debate, but it is disingenious to only state that Bush only gave the wealthy a tax cut.
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