Comments on: McCain Shuns Club For Growth http://donklephant.com/2007/03/21/mccain-shuns-club-for-growth/ Big Teeth. Huge Ass. Surprisingly Reasonable. Sun, 22 Nov 2009 23:08:28 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: JTapp http://donklephant.com/2007/03/21/mccain-shuns-club-for-growth/comment-page-1/#comment-294096 JTapp Mon, 02 Apr 2007 18:23:17 +0000 http://donklephant.com/2007/03/21/mccain-shuns-club-for-growth/#comment-294096 So, in order to stimulate the economy (which was the purpose of the '01 & '03 tax cuts) we shouldn't have cut dividend and capital gains taxes? The Commerce Department reported last year that these specific tax cuts had the most positive effect on economic growth. The tax cuts for people in the bottom quintiles (and yes, they received a tax cut too! [Even though the bottom 2 quintiles don't even pay taxes but receive credits through programs like the EITC, which Bush expanded]) actually had a <i>negative</i> effect on growth. You need to get your data right. And when you start saving for retirement you'll wish the tax cuts on your capital gains were like they were in the Bush days. So, in order to stimulate the economy (which was the purpose of the ‘01 & ‘03 tax cuts) we shouldn’t have cut dividend and capital gains taxes? The Commerce Department reported last year that these specific tax cuts had the most positive effect on economic growth. The tax cuts for people in the bottom quintiles (and yes, they received a tax cut too! [Even though the bottom 2 quintiles don't even pay taxes but receive credits through programs like the EITC, which Bush expanded]) actually had a negative effect on growth.

You need to get your data right. And when you start saving for retirement you’ll wish the tax cuts on your capital gains were like they were in the Bush days.

]]> By: bob in fl http://donklephant.com/2007/03/21/mccain-shuns-club-for-growth/comment-page-1/#comment-279821 bob in fl Thu, 22 Mar 2007 02:17:14 +0000 http://donklephant.com/2007/03/21/mccain-shuns-club-for-growth/#comment-279821 McCain shoots himself in the foot daily. Meanwhile since he looks to the moderates for his support, any bad comments from groups like this one almost make us forget his bait & switch tactics & open mouth, insert foot tendencies. McCain shoots himself in the foot daily. Meanwhile since he looks to the moderates for his support, any bad comments from groups like this one almost make us forget his bait & switch tactics & open mouth, insert foot tendencies.

]]>