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View Diary: Any sound fiscal policy must reverse the Bush tax cuts (87 comments)

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  •  Clinton rates (5+ / 0-)

    It's a very simple message. Return to the Clinton budget. It was balanced. The economy was doing great. The median income rose for the only time in 30 years. Even the poorest incomes increased.

    What's not to like? Those tax rates were clearly a sweet spot for the economy.

    •  I understand the message, but (0+ / 0-)

      below $100K you are hitting 80% of the population. People vote their pocketbooks. Polling on the tax cuts supports this. GHW Bush lost with much less of an increase and Obama pledged not to raise it on the middle class. He will lose if he does and the Senate will fall also. They know that which is why they took it off the table. I just think they drew the line wrong.

      I wish you were right, that people could see what to you and me seems clear. But I'm very certain that is not the case.

      Further, affiant sayeth not.

      by Gary Norton on Wed Apr 13, 2011 at 09:45:39 AM PDT

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      •  Clinton rates (1+ / 0-)
        Recommended by:
        Gary Norton

        The 80% of the population paid the higher Clinton rates in the 1990's and did very well.

        After the Bush tax cuts, the 80% paid lower Bush tax rates and did quite poorly.

        Which scenario do you want?

        •  Yes, yes, yes, I know. I said (0+ / 0-)

          I agree with you on substance. I'll say it again, I think we should go back to the Clinton rates. That is what I want. I agree.

          But, for the reasons stated twice above I think it will not sell and will cause electoral defeat. I think the cutoff could be changed and prevent that outcome. It will not save as much but will be better than the 200/250 level.

          Further, affiant sayeth not.

          by Gary Norton on Wed Apr 13, 2011 at 09:57:09 AM PDT

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          •  KISS: "do you want the Clinton economy (0+ / 0-)

            or the Bush economy."

            If that message is repeated enough times, by the right people, it will win. It's simple, it's easy to understand, and it's true.

            (And by "you" I don't mean you, I mean a stump speech said to the public over and over again.)

            The big problem with Obama's approach is it's an impossibly complex message, and doesn't have the benefit of using the Clinton economy. I mean, why would keeping 75% of the Bush tax cuts give us the Clinton economy, but 100% give us the Bush economy? Why should anyone believe that logic? It's magical thinking.

    •  ferg - I think the GOP would agree with u (0+ / 0-)

      I think the GOP would even give in on Clinton era tax rates if we could return to Clinton ear spending budgets. The problem is the spending budgets have exploded under Bush and Obama and the cuts would be huge.

      "let's talk about that"

      by VClib on Wed Apr 13, 2011 at 06:54:17 PM PDT

      [ Parent ]

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