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Originally Posted by pan6467
What people don't see is that these income tax cuts that Bush and the GOP give to the rich, are killing the states and cities who have to raise their taxes, in hidden ways, that affect the lower classes far more than the uppers. Plus, as Bush's deficit spending continues to grow out of control.... those cuts aren't cuts in spending.
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Pan -
You know this isn't true.
The "crunch" felt by the cities/states happened because of the recession & 9/11. It happened because cities/states spent more than they were taking in, way more....and thought they could get away with it.
They assumed that revenue for them (which doesn't come from the income taxes that were cut) would continue to increase like it was in the 90's. They spent like revenue was going to increase like it did, even when all of the experts told them that the bubble would burst.
Then, when revenue fell, they weren't prepared.
Revenue from income taxes and corporate taxes to the federal gov't are at all time high's--at or surpassing Clinton's highest levels (I have posted the evidence here many, many times). If the tax cuts were hurting gov't revenue, then the numbers would be going down, not up, as they are and have been since 2001.
The bigger problem, closer to this issue, is our-of-control spending, not tax cuts. The money is coming in just fine, the problem is in the outlays.