Uncle Sam's Share of Taxes at 60-year low due to tax cuts and poor economy, mostly poor economy though

Diposting oleh Unknown |

The reason why you probably shouldn't go to the mainstream media for anything but sports editorials and the comics is because whenever it writes about anything else its amazing liberal bias shines through. Take for example a recent 'article' (not editorial) appearing in the Detroit News called Death a sure thing, taxes less so: Uncle Sam's share at 60-year low:

Taxes too high? Actually, as a share of the nation's economy, Uncle Sam's take this year will be the lowest since 1950, when the Korean War was just getting under way.

And for the third straight year, American families and businesses will pay less in federal taxes than they did under former President George W. Bush, thanks to a weak economy and a growing number of tax breaks for the wealthy and poor alike.

Income tax payments this year will be nearly 13 percent lower than they were in 2008, the last full year of the Bush presidency. Corporate taxes will be lower by a third, according to projections by the nonpartisan Congressional Budget Office.

From the way this is written, you would imagine that it is Obama and the Democrats in Congress that are to thank for lower taxes and that because of all those low taxes the Democrats provided us with taxes are now at a 60 year low. In reality, tax cuts were pushed for by Republicans over Democrats objections, and it is the Democrats that we can thank for the job-killing regulations and taxes and uncertainty that has destroyed our national economy leading to few with jobs and few companies earning money, thus lower overall revenue to the national government, thus all that 'lower share' nonsense.

Democrats still don't get the Laffer Curve- that when taxes are too high, they choke off investment and economic growth, leading to less tax revenue to the national government, leading to less revenue to spend on national defense, welfare for the truly needy, money for speculative science, and a secure social security system. It is liberals and Democrats who are pushing higher taxes and thus are creating lower revenues for the national government- under Bush and Reagan and Kennedy when they cut taxes revenue to the national government went up and this could allow the federal government to do all those wonderful things liberals want them to do.

The truth is though that liberals don't really want a government that provides for the poor, the needy, the sick, and everyone else if that means that they control your behavior less with lower taxes. Nope, liberals would trade higher taxes and the control this gives them even if the revenues that the federal government are lower as a consequence. That is the only conclusion to reach, if experience demonstrates time after time the truth behind the Laffer Curve.

The author of the article in the Detroit News demonstrates that lack of knowledge of the Laffer Curve must be pervasive in the liberal community- rather than think 'taxes and regulation and government control are higher and tax revenue is down; I want tax revenue up; perhaps we should have less taxes and regulation and government control' the author of the article pushes for more taxes and regulation and government control, and then will have to cast around for someone to blame when this shortsighted and uneducated policy doesn't work (I've been in Michigan for a while and seen Democrats desperately go through a laundry list of people to blame for the failures of their policies).