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Tax Cuts Help Whom?
It appears that the United States Senate will follow the lead of the House of
Representatives and pass some form of the Bush tax cut. This tax cut is a return
to Reaganomics, the idea that giving to the wealthy will cause them to invest.
In reality, tax cuts have never really improved the economy. Some (conservative)
economists like to say that the effects are not immediately noticeable, and
the tax cuts of the Reagan administration was what actually caused the economic
boom of the Clinton administration. Yeah, right. Is it coincidence that it takes
the same number of years for a tax cut to take effect as it takes for a Democrat
to get into office? Or is it coincidence that the effect ends the minute the
Democrat leaves? Maybe it was the fact that Clinton balanced the budget and
ran numerous programs to help the lower classes. Bush, however, is going in
the opposite direction. Diving head first into a record deficit and taking away
much needed social services. I won't be surprised if and when the economy improves
the next time a Democrat gets into office, the same (conservative) economists
claim that it was Bush's forthought that just happened to coincidently take
effect when the Democrat takes office.
For more information, contact Thurston Smith, President of the Stewart County Democratic Party, at tlee@compu.net , or Grayson Hansard, web site administrator, at ghansard@DSTVI.com