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Old April 26th 08, 11:48 AM posted to rec.aviation.military,rec.aviation.military.naval,sci.military.naval,us.military.army
Cubdriver
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Posts: 253
Default "Analyst: Obama Would Be A Nightmare For Defense Programs, Firms"



Someone can explain to me the contradictory justapoxition of "tax cuts"
and "increases in federal revenue" ?


Sure. Federal revenues today are higher than they were in 2000. That's
because Bush cut taxes.

Same thing happened when Reagan cut taxes.

Same thing happened when Kennedy cut taxes.

Lower taxe RATES = more economic activity in areas exposed to taxes.
Works especially well when it comes to capital gains. Nobody has to
pay a capital gains tax; it's entirely optional. At Bush's 15 percent,
people don't mind taking profits and paying the tax on them. At
Obama's 28 percent, the money will mostly stay locked up, and 28
percent of nothing is ... nothing.

When faced with this fact at the Philadelphia "debate", Obama was
quite honest. It was all about fairness, he said. In other words, no
matter if the revenue goes down!


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