Gene Sperling, former Clinton economic adviser, points out folly of Sapling's plan

Discussion in 'Free Speech Alley' started by Tom, Jan 7, 2003.

  1. Tom

    Tom Founding Member

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    Sperling correctly points out that Sapling's "economic stimulus" plan is nothing more than a tax break to the wealthy who by far are the biggest collectors of dividends. As the Democrats also correctly point out, if you want to stimulate the economy, you put a certain amount of money in the hands of the greatest number of people. I suggested what they are saying long ago, which is to give a FICA rebate -- despite what some people on this board have claimed, even people who don't pay income tax who work for a living PAY TAXES. They pay into the social security fund which is a payroll tax. The Democrats rightly suggest a rebate in that area which reaches anyone who works for a living and will reach the maximum amount of people. Plus, any surplus in recent years has come for the social security trust fund as it was rolled into the general budget. Thus, THAT is where the surplus once was (before Sapling's IDIOTIC fiscal policies squandered it in a windfall giveback to the rich).
     
  2. Bestbank Tiger

    Bestbank Tiger Founding Member

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    Surprisingly, you're right for once

    Payroll taxes are ridiculously high, especially for self-employed people. Further, tax relief should be for EVERYONE, and a cut in payroll taxes would put more money in the pockets of working-class and middle-class Americans, as well as the very wealthy.
     
  3. LSUMJ

    LSUMJ Founding Member

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    i for one, am shocked that clintons econ. staff is against the bush plan.
     
  4. Bestbank Tiger

    Bestbank Tiger Founding Member

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    LOL, good point MJ.

    Next we'll find out the Republicans think Clinton did a bad job. Or the Dems don't like Reagan.
     
  5. Tom

    Tom Founding Member

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    Yeah, people really give a damn what GOPers think

    Clinton's administration presides over an economy that added 250,000 jobs a month while Sapling's loses 69,000 a month and has dropped 1.2% of all private sector jobs since he has been in office. What an economic genius Sapling is!! ROTFLMAO @ elephant men TOO STUPID to even know when the economy is growing or not.
     

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