Higher Tax Rates Will Sabotage Economic Growth, Tax Foundation study, December 18, 2012, Raising taxes has negative effects on revenue collection
“A tax increase to a company results in some combination of the following:
Product and service price increases.
Employee and hours cutbacks.
Reduced hiring.”…Citizen Wells
“I absolutely reject that notion [mandate is a tax].”…Barack Obama
Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″
From The Tax Foundation December 18, 2012.
“Higher Tax Rates Will Sabotage Economic Growth”
“High tax rates lead to lower economic growth, and high rates on personal and corporate income are especially damaging, according to a new study by the Tax Foundation. A review of 26 academic studies over the last 30 years confirms that lower-tax economies are more productive and that raising taxes has negative dynamic effects on revenue collection.
“Nearly every empirical study of taxes and economic growth published in a peer reviewed journal finds that tax increases harm economic growth,” said Tax Foundation chief economist William McBride.
The consensus among experts is that taxes on corporate and personal income are particularly harmful to economic growth, with consumption and property taxes less so. This is because economic growth ultimately comes from production, innovation, and risk-taking. By these standards, the U.S. has probably the most inefficient tax mix in the developed world.
The U.S. also has the highest corporate tax rate in the industrialized world. If that rate were to come down 10 points – still higher than most of our trading partners – it would add 1 to 2 points to GDP growth, and likely not lose revenue because the tax base would expand from in-flows of foreign capital as well increased domestic job growth and investment.
Rather than moving to lower rates, however, we are facing a fiscal cliff that would give us the highest dividend rate and nearly the highest capital gains rate in the industrialized world. It would also push the combined top marginal rate on personal income to over 50 percent in some states, such as California, Hawaii, and New York – higher than all but a few of our trading partners.
Such steeply progressive taxation reduces productivity and economic growth. Further, the U.S. is unique in that a majority of businesses and business income is taxed under these progressive individual rates, e.g. businesses such as sole-proprietors, partnerships, and S-corporations. All of these factors are a drag on the economy, slowing the nascent recovery and preventing a return to full employment.”
The higher tax rate has nothing to do with fairness. The only reason the Dems want to increase taxes is to prevent default upon the national debt and interest payment. They have spent so much since taking control in January of 2007, that the interest payment on the debt itself has tripled. Without a tax increase, there is no way for the government to pay the interest on the debt in the next 24 months. This doesn’t include money to pay for government, only the interest payment! Obama tax hike is the ultimate “kick the can down the road at any cost” maneuver. Ultimately, Obama knows that the longer till the collapse, the harder it will be for the US to recover. Digging a deeper hole plays into the ‘rules for radicals’ playbook.
Boehner is trying to look like he’s attempting to salvage the economy, to place the blame on Obama. He wants to look like someone who tried to make a deal, and when it crashes he wants to point the finger at Obama. Obama doesn’t care (deal or cliff), because he declare himself dictator in either scenario. They don’t care how many innocents will suffer, the ends justify the means, even if it’s little kids whom suffer.
I am of the opinion that Boehner should not agree to tax increase and let the chips fall where they may, then blame Obama and the Dems. When Obama gets what he wants from a Republican plan that he agrees too, then when all fails (which it will), it becomes the Republicans fault (and it will).
Let it fall off and make them own it…
On the other hand, if Bonehead and RINO’s actually think by assisting in the matter (raising taxes) will help them in the election cycle, they’re full of chit and will learn another “lesson”, one leaving them scratching their heads…..Again
I can’t help but agree with your logic on this one. The best solution is to let Obama own it at this point.
William and Pete,
“We” as citizens can NOT go around month after month, year after year spending $1.60 for every $1 we earn.
I don’t understand why the Republicans are NOT going around saying this day in and day out.
Unless of course they are “in on it” along with the Democrats.
I believe the Republicans had the “people” on their side the LAST time a “crisis” arose, which was the last debt ceiling increase, but they CAVED like a Brazilian mine, and I believe that they will CAVE on this also.
Pay our bills with the money that the Government CONFISCATES from us and live within your means just like I have to do.
By the way, did Obama make his trip to Hawaii yesterday? I thought he was supposed to be on vacation for the next three weeks while I scrape by trying to figure out how to pay for Christmas with the small bonus and the other funds available to me.
I hear it’s costing US 4 million for Obama’s vacation.
It’s nice to see that “someone” is doing alright in this economy.
I’d just like to be able to TAKE a vacation.
I posted this on the last thread also.
Hope you don’t mind:
Hi William and Pete,
Yes, it’s fine to let barky ‘own it’ but please remember that he has owned it for the last 4 years. What did we get?
We already know that the lamestream media will never force him to own anything, so what would be the point; he and his thugs will only find a way to blame the Repubs, the Tea Party, Bush, Mickey Mouse, or whomever.
He’s a zombie inside. The only person he cares about is himself; having him ‘own’ anything will do no good. He doesn’t care.
I sure wish Boehner had the “BEANS” to tell Soetoro, to go straight to hell, and like IB said let the chips fall where they will. I would LOVE to see the taxes on the A$$HOLE LIBERALS go up. Let the liberals put THEIR MONEY WHERE THEIR MOUTH IS. What is OK for Conservatives is also OK for LIBERALS. Wait until everybody starts getting the bills for their healthcare……….it is a TAX………John Roberts said so.
………..I want to see the LARD ASSED black drivers of the Cadillac Escalades (that are parked in the County Welfare Office parking lot) finally be forced to PAY THEIR FAIR SHARE,in exchange for the FREE FOOD,GASOLINE,RENT,MORTGAGE PAYMENT,and HEALTHCARE that they are getting from Soetoro. I want to see the stupid look on their face turn into disbelief,because now they have realised that they are going to have to work for every damn penny they get in the future. I want to hear them WAIL,and whine,and watch them wring their hands in desparation. Nothing will give me greater satisfaction than seeing all of this happen to the WELFARE FREELOADERS who drive up,TO THE LOCAL FOOD BANK in their Cadillac Escalades,and try to act IMPORTANT. ON CLOSE EXAMINATION every one of the Escalades will have at least 10 NAMES ON IT’S VEHICLE REGISTRATION.
Katherine Herriage is about to discuss Benghazi.
Sorry on Greta
………….I have personally watched the lardassed blacks put box after box of the FREE FOOD in their Escalades………which are also tax free, and they are not charged for their FREE LICENSE plates each year.
Another Fast and Furious Gun Found at Mexican Murder Scene
……..When I look at the same people in Detroit,it is not hard to see why Detroit is fast becoming a wasteland. About 80% of the Chrysler Hamtramck plant personel are black. The few who are still employed are now so emboldened that they take their drugs,and their liquor right into the buildings with them,and nobody even has the beans to check these people from time to time. They hide behind their UNION BOSS.
To the usurper those kids, and teachers were just infidels, his goal is to disarm the American people, so his Jihad’s can cross the border of Mexico with the AK 47s he let walk to them, and start killing us. Like I said before, this guy did not usurp the Presidency to show us what a good job he could do. His goal is an Islamic caliphate, where he is the “Dear Leader”.
Communist Usurper Obama Plans to Disarm Americans
bob strauss | December 18, 2012 at 10:29 pm |
Katherine Herriage is about to discuss Benghazi.
* * * * * * * * * * * * * *
On the Internet, Bob? Can you post a link? Thx.
………Chrysler,and GM are headed for BANKRUPTCY. Chrysler is already taking a hellish financial toll on Fiat. Japs and Koreans,are continuing to lower the cost of their cars. You don’t need to have the name EINSTEIN to realise that the Japanese,and Koreans are building better quality vehicles for a LOT LESS money. Chrysler and GM will eventually be forced to do exactly what American motors done so long ago.
Hi Bob @ 10:30 pm,
I’ll check out Greta on the Internet. Thank you!
Sorry for the confusion, Katherine Herriage was discussing the report just released on the Benghazi incident on Greta.
The report sounded like total mismanagement to me, about what I would have expected from a usurper, and his regime. Of course, we will never know the truth.
bob strauss | December 18, 2012 at 10:56 pm |
Of course, Bob; he already believes he is the Dear Leader.
I also believe he knows that his minions cannot overtake 14 million + hunters and other assorted gun owners, so he’s calling out his reinforcements: The Mexican drug cartels.
I said this years ago when I was working in another field and was privy to certain info: Al Qaeda was and is training its operatives to speak Spanish and sending them to Mexico. Why? Well, due to genetics if you put, let’s say, an Iranian and Mexican man side by side both speaking perfect Spanish, tell me who’s who? Checkmate.
We will be invaded from the south, but also from within; they are already embedded in America.
They may come and take my gun. I’ll be glad to give it to them….they can have the bullets first.
Good Morning! Well here’s my two cents for what it’s worth.
This would give GOP a real argument for being tax cutters and responsible on debt. Vote on it in House and send it to Senate and the Oval Office. If they don’t agree, go over the cliff and propose real cuts in taxes and spending again in Jan.
Let Bush Tax Cuts expire for those over $850K and raise their rate by 2%. Now the important part, keep Bush Tax Cuts for those with income under $850K and lower their rate by 3%. A real tax cut for the vast majority of small business people and an offset to the increase in taxes on income over $850K. To help those seniors who rely on dividend income and to provide stability in markets, lower the rates on capital gains and dividend income for the first $50K of capital gains and dividend income to zero and exempt it from Healthcare Act taxes. Keep mortgage interest deduction and charitable deduction. Like magic – Obama gets his attack on ‘rich’ and Republicans remain Party of tax cuts!
Make ‘current’ cuts 3 times the amount of new tax revenue, means test Medicare and Social Security, raise age of eligibility for those under 50, give an equal tax deduction if a wealthy person decides not to take either benefit.
Good morning Zach, et al.
Zack,call Congress and give your plan! We the People Speak!
Where is David and the Bible Code,?Still hearing of that possibility!
Wouldn’t that be a miracle?
Corrupt Judge arrested by citizens? http://www.orlytaitzesq.com
Can someone bring over this post?
Truth Now, I don’t want to come across the wrong way, but I’ve noticed that you have a lot of ideas of what everyone else should do, who they should call and write to, etc. But what are YOU doing? Who are YOU calling and writing to? What steps are YOU taking? Just curious.
Air Force Brat
I have been calling Congress for 4 yrs almost daily,spent many hrs on the phone,giving articles and sites.
Excited the other day,because one office said the congressman actually added the http://www.commieblaster.com site on his I phone,how bout that?
Been giving them articles to bring to their attention and sites.Most recogonize my voice.
Also have emailed Fox,several of their shows,probably 10 different people there,praying they will take note of articles emailed from sites.
Doing what I can,what are you doing?
Some people have more clout and know more people in the know
Sounds like you should have good contacts,do you?
Any more Questions? Also talking to strangers and give sites to them
Thanks for your concern
Now you fill me in on what you are doing
Summons on Obama
Posted on | December 18, 2012 | 10 Comments
Service of Process:
2:12-cv-02997-MCE-DAD Grinols et al v. Electoral College et al
U.S. District Court
Eastern District of California – Live System
Notice of Electronic Filing
The following transaction was entered by Taitz, Orly on 12/18/2012 at 2:34 PM PST and filed on 12/18/2012
Case Name: Grinols et al v. Electoral College et al
Case Number: 2:12-cv-02997-MCE-DAD
Document Number: 10
Docket Text: SUMMONS RETURNED EXECUTED: Barack Hussein Obama served on 12/18/2012, answer due 1/8/2013. (Taitz, Orly)
Judge Arrested In Court For Treason By UK Citizens
Power to the People!
Not seen it on LL so sharing it here. This was ignored by the mainstream media in the UK. They don’t want us realising the difference between common law of the land and maritime law.
“Arrest that judge!”
British Constitution Group chairman Roger Hayes arrests the judge for refusing to produce his oath of office over illegal council tax fraud committed by the local council with the help of citizens from the UK.
DO THEY REALLY WANT TO STOP MASSACRES OR DO THEY JUST WANT TO DISARM AMERICA?…A MUST READ!…
In other words
HAVE AT US!
CAUTION: THE LOGIC AND COMMON SENSE WHICH FOLLOWS MAY CAUSE LIBERAL BRAINS TO EXPLODE
December 18, 2012 TPATH – It has been a few days now since the cold blooded murders of those poor little children in Sandy Hook.
As predictable as the frost on a December morning, long before the facts were known, long before the murdered were put to rest, the leftists began their assault on the US Constitution.
It is perfectly understandable that many people would react to this catastrophe with revulsion and a feeling of helplessness. This is exactly the feelings and emotions, that the left hopes and dreams for, every day of their miserable lives.
We are not talking here about the people who are pounded with the concept, and then believe, that guns kill, and therefore, just make them illegal and the problem will be solved.
This is about those who espouse big government, socialist programs and leftist ideologies, that are hampered everyday by the freedoms and liberties afforded the people by our Constitution, a document they so virulently abhor.
Leftist, socialist and communist governments, throughout history, have left a murderous trail of blood, death, torture in their wake. The one continuous aspect of that mayhem has been the ability of those in power to keep its people uninformed and unarmed.
This idea may be lost on the common man, who sees mayhem and desires something be done. But it is not lost on those in totalitarian government and they will use that fear to get what they want. A defenseless people.
Connecticut will be nothing more than another tool, another opportunity and another crisis for them to exploit.
This is not to say they wanted these children to die, but it is clear, they intend to use those deaths and the misery of their families as fuel to feed their ideology. Watching politicians and leftist commentators over these past few days should be enough to convince even the most naive among us.
You could feel the anticipation, the excitement bubbling out of every pore, that maybe, finally this will be the time, this will be the event, that will force the government to confiscate arms from the American people.
And the media, with a dual edged agenda, the first consistent with socialist government views and the lust for the capitalist dollar, offering coverage of this event 24/7. Every news outlet either inventing or broadcasting misinformation or fabrications in an effort to be first and keep commercial dollars flowing.
Many readers of TPATH are very aware and informed and much of what we list below is known by them. But we thought that an itemized list of facts, not emotional rants, might help put this entire thing into perspective.
1. Mass killings are not on the rise, but in fact are in decline.
2. Mass killings are not just perpetrated in America, but all over the world and the deadliest, as here in America, are done in places where gun laws are the strictest.
3. Connecticut has just about the strictest gun laws in the country.
4. Mass killers are pathological and insane, they are not stupid. Over and over again, what targets do they choose? Gun-free zones, where they know they can do the most damage during the time it takes to notify and receive help from the police.
5. Sports analogy? On any given NFL Sunday, the smart quarterback will throw the pass to the “unguarded receiver”, if he can spot one. Does it make much sense to post signs announcing “Unguarded Children”‘?
6. There years ago Australia banned rifles and semi-automatic hand guns. The result? Crimes with guns increased across the board with home break-ins and armed robbery leading the way.
7. England banned private ownership of hunting weapons, confiscated and destroyed them. The result? Crimes with guns, including murder and armed robbery almost doubled.
8. During that time in England, as law abiding citizens turned in their weapons, the largest black market for arms and ammunition, anywhere in Europe, grew, as criminals armed themselves.
9. The Batman movie killer last year had his choice of fifteen theaters near or around his home. He did not choose the closest one, he went to the one where the management had posted signs that prohibited the carrying of concealed weapons. (Quarterback alert- Open receiver, in the end zone.)
10. The largest mass killing of children was not this wee in Sandy Hook. Unfortunately it was done buy one, Andrew Kehoe, hopefully no relation to yours truly, In 1927 when he killed over 59 men, women and children. By the way, he used a bomb, not a rifle.
11. Everywhere in this country where the gun laws are the strictest, violent crimes using guns are highest. And not by just a little. As much as double or triple, the rates per capita.
12. Israel went through a vicious and murderous period when school children were being massacred on a regular basis. After much discussion, reason prevailed, and now every class room in Israel has an armed teacher or aide. How many school room deaths have there been since that law was enacted? The answer is zero, as in none.
13. Criminals love an unarmed victim and every weapon removed form the hands of a law abiding citizen is one less citizen the criminal needs to worry about.
14. There is no law on the books and no law ever written and no law that could ever be written, that will keep criminals and crazies from acquiring and using weapons.
15. When an honest citizen is under assault and needs the police in seconds, they are minutes away. A “safety” can be turned off in one second.
16. A person is statistically more likely to be hit with lighting than being injured or killed by a person legally in possession of a gun.
17. Since there is no way to dis-invent firearms and there is, nor will there ever be a law that can protect one from the illegal use of a firearm, that law abiding citizen better be armed, at least as well as the criminal.
18. If politicians are really serious about protecting our children they would not continue to create no-gun zones where open season on them is guaranteed.
19. An armed guard, retired policeman or trained teacher, in every school would do more to protect our children than the hundreds of thousands of gun laws already on the books.
20. If the real reason for trying to control guns is to protect the children, the Federal government could create a “Protect our Children Act” that would and hire an armed guard for every school in America. If there is not enough money for that, than how sincere is the sentiment?
21. If Obama used the money he now spends arming Muslim terroristsand stopped sending billions to the Muslim Brotherhood, every school in America could be protected, not by a sign that says “Gun Free Zone”but one that says-
“Guard On Duty and Armed”
22. There is a legal process to change our Constitution. Any other means used by any President, awash in phony tears or mired in a leftist agenda, who writes unconstitutional executive orders which infringe on the rights of American citizens, will be guilty of subversion of the Constitution and therefore, treason.
Not one single piece of information listed above can be honestly disputed. All of it can and will be ignored because the real cures for what we face do not align with socialist government policies which strives an unarmed citizenry.
You can’t legislate laws for the lawless and you can’t deter the insane with sanity. You can only be ready for them and kill them before they kill the innocent.
Taking weapons out of the hands of good, solid Americans will not remove one weapon form the hands of the bastards. If anyone really wants to protect the children, lets really protect them, spend some of the billions Obama has been wasting on stimulus, terrorists and green energy crooks, on armed guards for every school in America.
TPATH would gladly pay more taxes, if those taxes were spent on guarding our children and not supplying rocket propelled launchers to terrorists.
December 18, 2012 TPATH
Marxist Robert Reich: Obama will Use Executive Orders to Enact Gun Control,
Bob Strauss…………RE 9:49 AM
Now lets get the arrest footage viral coverage. Perhaps a PICTURE WITH AUDIO will get through to our STILL COMPLACENT SOCIETY. WE THE PEOPLE MUST UNITE,and cast aside our petty bickering which serves absolutely NO EARTHLY PURPOSE. If we are to take back our country it is IMPERATIVE that we UNITE to a 150,000,000 million person force. They will not and cannot oppose such a force at the WH. We start by doing exactly the same as was done with the judge in the UK.
Declaration of Independence is still in force, it never expired.
Bob @ 9:57,
That was a great article! Thanks!
In short… murder is already illegal. Yet murderers pay no mind to such trivial matters. The remedy is not to disarm. Anyone with an ounce of sense can figure that out. Many banks have armed guards. Is our money more precious than our children?
Truth Now — I have been doing as much as you, if not more.
Hopefully the combined efforts of all Americans will pay off.