Like the rest of the lunatics, Krugman has been attacking Ryan’s budget plans relentlessly. Today, in the NY Times, he’s got an op-ed out again. He starts out fine,
Mitt Romney’s choice of Paul Ryan as his running mate led to a wave of pundit accolades. Now, declared writer after writer, we’re going to have a real debate about the nation’s fiscal future. This was predictable: never mind the Tea Party, Mr. Ryan’s true constituency is the commentariat, which years ago decided that he was the Honest, Serious Conservative, whose proposals deserve respect even if you don’t like him.
Then he falls off the rails beginning with a personal attack….. typical of leftists.
But he isn’t and they don’t. Ryanomics is and always has been a con game, although to be fair, it has become even more of a con since Mr. Ryan joined the ticket.
Apparently Krugman thinks Ryan is dishonest. But, rather than demonstrate any of Ryan’s dishonestly, he jumps and lands firmly with both feet into the serial liar category. He continues….
Let’s talk about what’s actually in the Ryan plan, and let’s distinguish in particular between actual, specific policy proposals and unsupported assertions. To focus things a bit more, let’s talk — as most budget discussions do — about what’s supposed to happen over the next 10 years.
On the tax side, Mr. Ryan proposes big cuts in tax rates on top income brackets and corporations. He has tried to dodge the normal process in which tax proposals are “scored” by independent auditors, but the nonpartisan Tax Policy Center has done the math, and the revenue loss from these cuts comes to $4.3 trillion over the next decade.
Now obviously Krugman can’t link to the source, because he knows if someone were to go there they’d find the lie. But in even referencing the source, we see he’s lying. The Tax Policy Center is run by the Urban Institute and the Brookings Institute. Both are left leaning institutes. But, toward the source itself, it could be this one. But, I don’t think so because his numbers don’t quite match.
On the tax side, Mr. Ryan proposes big cuts in tax rates on top income brackets and corporations. He has tried to dodge the normal process in which tax proposals are “scored” by independent auditors, but the nonpartisan Tax Policy Center has done the math, and the revenue loss from these cuts comes to $4.3 trillion over the next decade.
Now, I took the liberty of highlighting the very bold text at the bottom of the chart. Maybe Krugman isn’t being dishonest, maybe he’s too stupid to understand the verbiage. Or, maybe a leftist group, under the guise of nonpartisanshipprovided some severely flawed information for other leftists to propagate.
It isn’t 5 paragraphs later does he even hint at the possibility that these numbers aren’t correct.
Well, he says that he would offset his tax cuts by “base broadening,” eliminating enough tax deductions to make up the lost revenue. Which deductions would he eliminate? He refuses to say — and realistically, revenue gain on the scale he claims would be virtually impossible.
Ryan, by the way, doesn’t refuse to say, but rather he left that part of the budget to the tax writing committee of the House. Krugman is throwing out numbers he knows are incorrect. But, he’s blathering them anyway at the same time calling Ryan dishonest and unserious.
Seriously, Krugman? But, earlier, I said I didn’t believe this is the exact place where he’s getting his facts propaganda. Here’s likely what’s happening……. From FactCheck.org
Outdated Attacks on Ryan
The Obama campaign points to old proposals by Rep. Paul Ryan in saying that Mitt Romney would pay “less than 1 percent in taxes” under Ryan’s plan and that seniors would pay $6,000 more for Medicare. Ryan’s 2010 budget proposal would have eliminated capital gains and dividend taxes — which were indeed the bulk of Romney’s tax burden for 2010 — but Ryan dropped that specific measure from subsequent budgets. The Medicare claim, too, pertains to a less generous plan Ryan released last year, not his most recent budget. …..
Ryan’s 2010 budget plan was proposed when Republicans were in the minority in the House, and it had no chance of passage. His later budget plans were proposed when Republicans were in the majority. Ryan’s 2011 and 2012 plans, which were passed on party-line votes in the House of Representatives, called for broadening the tax base, reducing the corporate tax rate from 35 percent to 25 percent, (as specified in the plan released in 2012) creating just two (instead of six) tax brackets of 10 percent and 25 percent, and repealing the alternative minimum tax. But there’s nothing specific on what would happen to capital gains taxes. He does make clear, however, that he opposes raising capital gains taxes, and may favor reducing them.
Again, we see lack of specifics on other details of the tax plan rendering all of Krugman’s blathering an exercise in dishonesty, as well as the Tax Policy Center’s work. But, Krugman, the Tax Policy Center, and the Obama campaign are leftists. Dishonesty is something they specialize in.
How about this for outright dishonesty http://www.realclearpolitics.com/video/2012/08/20/obama_nobody_accused_mr_romney_of_being_a_felon.html
Yeh, I saw that in his rare press conferences. I probably should have thrown that in there as well.
Well, I really could have stopped reading this article right at this point: ‘Ryanomics is and always has been a con game,’….
Even if this were true, (which it of course isn’t) then that means we’re left to choose between the lesser of two con games. Ryanomics or Obamanomics. Need I, or any rational person, read further?
Deficit neutral tax cuts of the scale Rom/Ryn are proposing are most certainly a con-game, hence why they never tell you how they’ll pay for them!!!
Why haven’t conservative economists or journalists been damning what’s in Obama’s budget? Oh, that’s right. He’s the first president in history who has never signed a budget – there’s nothing to make damnable. It’s like to old adage “if you don’t do any work, you won’t make any mistakes.” In Barry’s case, “if you don’t follow a budget, you won’t overspend.”
It amazes me that Barry shows no economic or leadership prowess and there’s people who still want to give him an opportunity to continue his unrestrained spending spree, lavish White House parties and opulent vacations for another four years.
I think they enjoy his divisiveness.
Yes, they must enjoy it.
HankH
I think there’s a fairly large percentage of people that don’t mind having a king who lives far better than them and rules over them. Some will even reject God as their leader to have one.
http://www.biblegateway.com/passage/?search=1+Samuel+8&version=NIV
Very true. King Saul was the beginning of that rejection and want of a king. The people got what they wanted and it didn’t work out well for them. Fast forward several thousand years and here we have history repeating in our land.
Very true, guys, very true.
The US is in worse fiscal shape than Spain, Italy or Portugal. I saw this data from another source last week, wish I’d bookmarked it as that version was even clearer. But if Obama is allowed to keep on spending >$1 trillion per year more than revenue the US will be fiscally worse than Greece on this analysis.
Perhaps Dr Krugman, Nobel prize winner in economics, might suggest his own plan for avoiding a similar fate.
They have a plan…. print money. (I was just mulling over writing about Japan)
As far as I can tell, most of the Keynesians are in agreement. We should continue down this path and if the situation becomes untenable, we should just inflate our debt away. I’ve exchanged a few emails with them and they all think that printing money will save us.
Right now, our bonds are yielding zero, so no one is concerned at the moment. These lunatics are playing a confidence game. If the U.S. were to do something that insipidly stupid, the effects would go global immediately.
I’m in the middle of writing a post about Spain and Italy…. and Greece and Germany…. stayed tuned!
The deflation of the German bond bubble has started. They lost 3 percent over the past month which is about maximum speed downwards for bunds. Big traders have been reshuffling their money into stocks. I don’t think that will save them. They probably will get destroyed there as well within the next 40 days if they’re too slow.
http://www.comdirect.de/inf/futures/detail/chart.html?ID_NOTATION=988006#timeSpan=6M&rel=true&e&
Taking on all of that crap debt has to have a poor effect.
People like Paul Ryan do give leftists like him fits.
Always, but as usual with these people they avoid any open and honest discussion of the issues. There are some things in the budget to take issue with, but they can’t address them without acknowledging the need to address the various issues.
Bahhaahaha. But we should come here for the TRUTH? From people who live, breathe and swim in everything tea bag?
If you can find a lie here, please point it out.
I didn’t find anything wrong or dishonest in the Krugman post. I saw a right-wing interpretation and dance around it.
So you think it is legitimate to spew numbers when you know they are not accurate? You don’t think that’s dishonest?
And I suppose Paul Ryan does not want to turn Medicare into a voucher program? And he’s not against all abortion (even in the cases of rape and incest?) By the way I’m looking for your post on legitimate rape – some tea bagger science. Where is it? I haven’t scrolled through all the old posts yet….
What’s wrong with a voucher system? As to the faux uproar about Akin, just read here…. http://www.huffingtonpost.com/2012/08/20/dave-catanese-politico-todd-akin-rape_n_1810222.html?utm_hp_ref=media
Apparently, the left believes that all claims of rape are legitimate and all forms of rape are physically presented in exactly the same manner. The vitriol and hyperbole are doing more to harm victims than can be imagined.
I haven’t written about it yet because I’m still waiting for the calls on Whoopi to step down. Or at least for her to step up and defend her like minded comrade.
Tell me, the 1996 study, did it differentiate between statutory rape/incest/violent?
The “FAUX UPROAR” – - – hahaha, sometimes you really do look, act, and sound like a mindless ideologue.
What you should be outraged about, being a self-proclaimed, man of science is that this dumb a$$ sits on the House SCIENCE Committee! This is who your boys, that you support so fervently, nominated to lead the nation on science and technology! That is appalling.
Let me tell it to you from a medical perspective – the idea that a woman who is raped is not likely to get pregnant is just as absurd as the notion that evolution did not occur. It has no basis in science or medicine.
No the vitriol and hyperbole are not the things doing harm to victims. What’s doing harm is the idiotic positions of your boys Akin and Ryan – who want to force rape victims to bring their rapists baby to terms. That is the truly scary and horrific thing!!!!
http://www.nytimes.com/2012/08/21/us/politics/rape-assertions-are-dismissed-by-health-experts.html?partner=rss&emc=rss&wpisrc=nl_wonk
Well you do put one funny thing Joe Biden says front and center. And when this crazy tea partier candidate says something even more extreme, you call it “Faux Uproar”…That tends to show the mentality of you and people who frequent this blog.
How you equate the two is beyond me. Those are entirely different issues.
ThePhDScientist says:
August 21, 2012 at 9:05 am
That tends to show the mentality of you and people who frequent this blog.
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Why , yes! it does.
We understand this:
Arguments containing bad inferences, i.e. inferences where the premises don’t give adequate support for the conclusion drawn, can certainly be called fallacious.
AND the Scientist short bus – has left.
#1 – Akin recanted his position.
#2 – Ryan has not stated he wants to force anything.
#3 – I see the talking points of the DNC was quick to misinform.
Do you know how to research anything on your own?
“There are no words for this — it is just nuts,” said Dr. Michael Greene, a professor of obstetrics, gynecology and reproductive biology at Harvard Medical School.
Now I’m sure you, PhilJourdan and Kim2ooo are more knowledgeable than the Harvard obstetrician, but I’m going to put my money with him and say, “yes, IT’S NUTS!”
Geez Ph, how is it that you think one GOP candidate somehow is representative of me, the people who frequent this blog or any thing else? I ask a question and suddenly you ascribe thoughts and characteristics to not just me, but 1/2 the population in the U.S.? Typical.
ThePhDScientist says:
August 21, 2012 at 7:52 am
Now I’m sure you, PhilJourdan and Kim2ooo are more knowledgeable than the Harvard
obstetrician”
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Awww you wound me.
Ha ha ha ha….
You’re either being willfully ignorant or ignorantly willful.
I’m sure, you are referring [ in my case ] to the thorough SPANKING I’ve presented you, about your usage of logic fallacies, especially, in subjects you attempt to debate from emotion, not observational empirical evidence [ FACTS ] .
Arguments containing bad inferences, i.e. inferences where the premises don’t give adequate support for the conclusion drawn, can certainly be called fallacious.
ONCE AGAIN: For your education is a list, with examples, of logical fallacies.
http://carm.org/logical-fallacies-or-fallacies-argumentation
ThePhDScientist says:
August 21, 2012 at 7:52 am
Now I’m sure you, PhilJourdan and Kim2ooo are more knowledgeable than the Harvard obstetrician, but I’m going to put my money with him and say, “yes, IT’S NUTS!”
xxxxxxxx
REPEATING:
Arguments containing bad inferences, i.e. inferences where the premises don’t give adequate support for the conclusion drawn, can certainly be called fallacious.
One does not need to be more “knowledgeable” than the Harvard Obstetrician, especially, since no one, here, has posted against his claim.
– One ONLY needs to be more “knowledgeable” than YOUR argument from fallacy.
There’s that drivel we’ve come to know and love!
ThePhDScientist says:
August 21, 2012 at 9:16 am
There’s that drivel we’ve come to know and love!
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Can you can prove that post is wrong?
The homogenized milk you suckle from the Government teat has left you with impotent logic and debate skills.
Debate from logic not emotion.
BTW I don’t see what the trouble is with the chart? Krugman said 4.3 trillion and actually it looks like Ryan puts us in the whole 4.6 trillion – Krugman just saved your boy 0.3 trillion?
Yes, that’s the discrepancy which tells me, like most of the Dems, he’s attacking Ryan for a past plan and not his present one. But, either way, spewing crap they know is incomplete and not accurate isn’t just dishonest, it’s a form of cowardice. He’s saying anything to avoid having the conversation about our mandates in which we can not fund.
No he’s pointing out the obvious dishonesty in the Ryan budget. Like all conservatives of today Ryan promises big tax cuts with no realistic ways to pay for them. The unfunded tax cuts plunge the nation further into debt, just like their predecessor Dubya did, but we’re supposed to trust that “someone else will figure out which deductions to cut” so that we can pay for them.
Of course when the Tax Policy Center tries to do this, and then proclaims that under every scenario (even assuming unrealistic levels of growth from the tax cuts) there is no way to prevent the slashing of deductions enjoyed by the middle class. This effectively raises taxes on the middle class while still providing the wealthy with another hearty tax deduction. Of course when they do this then the likes of you claim “there is not enough information to run those numbers..” “they’re being dishonest..”
A little of having your cake and eating it too, no?
But, you, the Tax Policy Center, and Krugman haven’t got a clue as to what the plan actually states. If my tax rate goes down 3% and I lose a deduction which would total 3% of my tax liability, so what?
It is dishonest to present something about Ryan’s budget that simply isn’t in there. It’s a lie and there’s no two ways around it.
Again, that’s a lie. They don’t know, they can’t know, and no one else can know. It’s incredibly vapid to attempt to pin details on the plan when there are none to do so with. It’s dishonest.
No you’re dishonest. You can take a proposal that says we’re going to reduce all rates by 20% and then you can do your best to figure out how you make that happen while being deficit neutral. What you conclude is that you cannot do it without effectively raising taxes on the middle class by eliminating all of the tax deductions that primarily benefit them.
And your defense is “there are too few details in the Rom/Ryn plan to perform any analysis…” but trust us it will work??? LOL
Really?
Ph, this is the problem with you and your ilk. There is much to criticize in Ryan’s budget. In which case I’d be happy to have a dialogue about. But, there can be no honest dialogue when people like Krugman are spewing numbers as if they were facts when everyone in the discussion know they are not true. They are simply invented fabrications.
Yes, really, there should be a national discussion about this budget. The left has their invented numbers, then the right should invent some numbers and then we’ll all have a great big discussion based on lies.
Or, we could wait for more details.
No what the left and the non-partisan Tax Policy Center has done is taken all available details from the Romney/Ryan campaign websites, made a few assumptions (several which were very favorable to Romney in assuming lots of economic stimulus from his tax rate cuts), and concluded that you can’t cut rates as deeply as he would like without raising taxes on the middle class through eliminating tax deductions.
Just because you don’t like the conclusions doesn’t mean the analysis is wrong or invalid.
So, when Krugman repeats TPC’s idiocy,
And, we know the $4.3 trillion number isn’t reflective in what the actual number would be, it is honest to repeat it? Surely you’re being partisan and this wouldn’t be reflective of your personal conduct.
Whoa the game is changing so fast I can’t keep my head on straight. Let me get this right we can’t really argue with the Tax Policy Center analysis because they did everything right. They took the numbers that Romney provided them, plugged them in and made their conclusions.
However Krugman potentially made a typo, or could be referencing some other chart for all we know, but because he is off by 0.3 trillion (out of a total 4.6 trillion DEBT) we’re going to say he and the whole debate is dishonest!
Now wonder why the right wing ideologues always think they’ve won!
You either didn’t read all of the information or chose to ignore it. The Tax Policy Center didn’t do anything right. What’s the purpose of an equation without the necessary variables but then show a number it knows not to be true? The Tax Policy Center knows that number is wrong, Krugman knows that number is wrong, and you know that number is wrong. And, yet, you refuse to acknowledge the moral failure of repeating a lie.
Krugman probably didn’t make a typo, as I stated, it is likely he’s engaging in what the rest of the left is doing. He’s probably conflating Ryan’s past budgets with the present one. As was demonstrated in a link provided.
A more baseless assertions of fraud and ignorance as justification. So you’re just going to vote for Rom/Ryn knowing their budget is likely going to put the country into trillions of dollars of debt? Or you’re voting for them knowing they likely can’t give the tax cuts they’re promising?
3rd option – you’re just assuming they’re a lot smarter than everyone else and really they’ve got the plan to make it work, they’re just not sharing?
Lol, well, the election is a choice between two people. Right? So, if I reject Romney/Ryan, this implies I would believe Obama/Biden would be preferable. Tweedle Dee and Tweedle Dum have ammassed $6 trillion in debt in less than 4 years.
So, I can choose from a potentially flawed idea which will likely be revised several times before it becomes law, or I can go with a proven dismal record. And, that’s the problem the Dems have. It really doesn’t matter what’s in Ryan’s budget, they have to defend Obama’s fiscal policies, and they can’t. I’m not sure how Romney will pan out. I know Obama is a failure as a president.
And we had 8 years of Bush. We KNOW tax cuts are NOT the the ticket to prosperity but to the poor house!!!
ThePhDScientist says:
Just because you don’t like the conclusions doesn’t mean the analysis is wrong or invalid.
XXXXXXXXXXXXXXX
In ALL your posts – The only logical statement made by you.
REMEMBER IT:
It will come back to haunt your arguments by emotion.
But that’s what you people do isn’t it Kim? When you don’t like the conclusions you deny them? You try to say (with rather weak reasoning) that the study was wrong or you invent a whole new set of terminology “post-normal”….
Lol, right Ph, let’s just invent numbers and then when someone criticizes the false numbers say we invent something…… You really should take the time to look up the term post normal, and what it implies. No skeptic or conservative invented that term.
ThePhDScientist says:
August 21, 2012 at 10:38 am
But that’s what you people do isn’t it Kim? When you don’t like the conclusions you deny them? You try to say (with rather weak reasoning) that the study was wrong or you invent a whole new set of terminology “post-normal”….
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Actually, No! If you truly are a Scientist [ Normal Scientist ], We are striving to protect your work.
Once again you are FACTLESS!
I’ve invited you before [ And you have ignored the invite ]….
“Defend AGW CAGW as Normal Science…..No divergences from the hypothesis.
The exercise of scholarly activities is defined by the dominance of the Mertonian CUDOS norms of science. They include:
(C)ommunalism – the common ownership of scientific discoveries, according to which scientists give up intellectual property rights in exchange for recognition and esteem;
(U)niversalism – according to which claims to truth are evaluated in terms of universal or value-free criteria;
(D)isinterestedness – according to which scientists are rewarded for acting in ways that appear to be selfless;
(O)rganized (S)kepticism – all ideas must be tested and are subject to structured community scrutiny.
["Normal science
[Normal] Science is a logic inductive process leading to theory formulation, while all the way put through critical tests that have been deductively derived from the theory; Popper’s critical rationalist concept of science is an objective progression toward the truth. . . . The term normal science refers to the routine work of scientists within a paradigm; slowly accumulating knowledge in accord with established theoretical assumptions. . . . The paradigm is enlarged and frontiers of knowledge and techniques pushed forward.”]
If real scientists don’t rise up and point out that this emperor—“post-normal science”—has no clothes, the whole scientific enterprise will die. And the world will be a much poorer place for its demise.
It was not me or any AGW CAGW skeptical group that gave AGW CAGW the “Post-normal Science” label. It was from the AGW CAGW camp itself………….
From socialist Mike Hulme, founding director of the Tyndall Centre and Professor of Climate Change (note that title—not of climate, but of climate change) at the University of East Anglia, home of the Climatic Research Unit
The English language has over 500k words for a reason. Words mean things. Ryan PROMISED nothing. Ryan PROPOSED a budget. A high level one. There is no point in working on the minutae when the executive summary is rejected out of hand.
Learn English. It will help with your chronic ignorance.
Your excuse for Paul Ryan “he simply left all those tax deductions out”. You mean the ultra critical, nasty, and difficult part of his budget that either makes it revenue neutral or plunges the country into huge deficits…oh yeah that part – he just left it for someone else to figure out.
REALLY? That’s the right winger excuse? Little pathetic Suyts!
Excuse? No, it is the explanation. A foreign concept to you. However Ryan was 1 of 435. It was not his job to detail everything, but come up with the big picture.
Try being less a child and more an adult so you can actually discuss this in a rational way. Probably not possible, but I figured to give you the chance to act like an adult first.
Haha oh the explanation is it is not “his job to detail everything…” So.the most crucial part of making the plan actually WORK is not his job!!! HAHAHA
Foolish ideologue!
I would not classify you as a foolish idealogue. But whatever floats your boat.
And yes, no representative’s vote counts for more than any other representative. Kind of the plan by the founders and where the “representative democracy” concept comes from.
Try learning. It would do wonders for your ignorance.
PhD
I like you do not have all that much faith in the Romney team doing anything substantial. The basic facts of the matter are Obama did claim Bush was unpatriotic running up debt and it must stop. He has had his chance, now time to give someone else a shot. Ryan and Romney can’t plunge the country into huge deficits you have had them for 30 years starting from Reagan approximately look at debt in Trillions of 2010 USDs on one of the charts on this page http://en.wikipedia.org/wiki/United_States_public_debt . As the debt has risen exponentially from about 1980 both parties are clearly to blame. Do you believe Obama has done such and excellent job he should be given the job again on his record? The only thing scarey about Romney is he might not be good enough at cutting which I consider likely. Your government looking in from the outside seems to be run by lobby groups of all shapes and sizes and yes the corporate lobby is very powerful and Obama fully supported them, so worst case is really no change.
And now Kelly the question is whether we want all the money going to fund corporate America and the wealthy (under the guise of job creators) or whether we still care about an effective social safety net for the poor and elderly.
Here’s one for you. How about NO ONE gets ANY MOney from the government? Wait! Only the poor (and welfare cheats) get money from the government. So you are proposing cutting off the poor? Heartless much?
How about this concept. What you EARN is yours to spend as you see fit. How about that? Guess what? The rich EARNED their money. And they gave some to the government to help the poor.
So how is that “funding” them?
PhD
I agree but the thing is a lot if not all welfare in the US is tied to corporate interests. It is interesting though that one of the proposals in Obamacare is to copy Australia’s PBS (Pharmaceutical Benifits Scheme) in your medicare. That is how our government subsidises medicine and will not subsidise medicine if it is not cost effective or at least try to. Here is the current changes and you will see there are deletions or drugs that will no longer be subsidised http://www.pbs.gov.au/browse/changes . So anyone who supports either political party should support this particular aspect of Obamacare. So drug companies would be extremely scared of this happening in the US because they would actually have to show how there drug makes the cut and gold plated drugs that essentially do the same job as another drug would be off the list. But other aspects of Obamacare forcing insurance is a boom to the insurance industry. Your so called food stamps and school lunches (i think of school lunches for developing countries where people can’t feed themselves why on earth does the US still have them?) are tied to the agricultural lobby. Things to help struggling home owners with massive debts are tied to the banking and construction lobbies. Tertiary education tied to Education and Banking lobbies with even ridiculous things like the Federal government guaranteeing loans for the banks. I am sure that is working well. Take government out of a lot of these things and the prices will get cheaper and offer welfare more on a non-conditional basis or allow the recipient to spend the money more in a way they choose. I don’t pretend to know exactly what is wrong but the dollar amount of total welfare in the US is probably not all that different to a country like Australia if all forms of welfare including education and health are considered as you are spending much more on those items.
Yes in Australia we have the same issues about lobby groups. One that is particularly annoying me at the moment is a guy called Mike Devereux who is the Managing Director of GM Australia. One of the companies to recieve the largest handouts in Australia. Guess what he has been appointed by our PM to a taskforce on manufacturing. I wonder what the result will be, could it possibly be that he will say manufacturing should recieve more handouts and tax breaks, I think so. That along with all the union buddies.
Recently one of our largest banks came out and said that if the Australian economy picks up then they may not be able to raise enough funding. This is code for we would like the government to consider guaranteeing funding. Hopefully they get ignored.
The problem is what you put in your comment “effective social safety net”, it is not as effective as it could be and throwing more money at it won’t make it so. The tax rates for corporate America are fairly high (unless the money is earned overseas and stays overseas) so the rate in it of itself is not the problem but the difference in rates from capital gains at 15% versus dividend income at around 45% is distortionary in my opinion. This I am guessing has caused corporate America to call everything a capital gain. The 35% headline rate is very high by international standards.
Kelly you’re confusing the stated tax rates with the actual effective rates paid by corporations. Don’t forget the huge mess of a tax code that has so many deductions 30 of the largest and profitable US companies actually pay ZERO federal tax!
I don’t disagree that the corporate tax rate could be lowered and that we could clean out deductions, but corporate America would hate that because if we lowered the rate to 25% or so and got rid of ALL deductions, the vast majority of them would see their effective tax rate go UP!. So don’t put too much weight in that 35% number.
Ph, you’ve just articulated Ryan’s position. That’s the exact thought and logic Ryan used for his tax position. Well done.
YOur problem Suyts, is you are looking for integrity where there is none. Krugman is an ignorant hack – nothing more. Krugman long ago gave up any hope of objectivity when he found that there was more money in lying for the left than in integrity.
I agree, sometimes, the level of dishonesty shocks me, but it shouldn’t.
Definitely agreed, if we’re talking about the idea of Republicans as “fiscal conservatives”.
Who said “A tax cut never has to be paid for?”
I did. When my earnings are cut, I do not have to pay for that. I have to REDUCE SPENDING to live within my new earnings. I do not have to pay for something I am not receiving.
USe your brain much for anything other than a hat stand?
Reblogged this on Climate Ponderings and commented:
The Short bus – has left
Still inhabiting your head I see. Since I have not said a thing about Akin’s claim yet. But now I have company! And good company it is. It is getting crowded in your head, isn’t it?
I see how you play his game. So what phd is saying is that he believes man planted a flag on mars back in 1969. That guam is in danger of tipping over. That there are 57 states, that you did not “build that”, that he sees dead people, that all convenience store clerks are Indian (sub continent), that Obama was not born in the US, etc.
In other words, he totally accepts, without question, any statement made by a member of the left. So I think we should hold him to his standards.
So phd, you just proved you are a racist beyond what you have said. We all know that byrd was – never repudiating his KKK past, and of course continuing to use the N word up to that point as well – as did LBJ. You embrace the creation of the KKK, the creation of the Jim Crow laws, lynching of blacks (Jews, Asians and catholics), the degregation of the military, etc.
You are one sick puppy.
It sure seems like that’s the way he thinks. We must all have secret meetings somewhere to make sure we all entirely agree with everything a conservative/Republican/libertarian states…… or something
Actually, we know no such thing. What we do know is that. like Obama, Bush inherited a very bad recession. That within 4 years, Bush had created 4.3m jobs. That within the same time frame, Obama has lost 1.2m jobs. Bush cut taxes, Obama raised spending.
I guess what we know is that you do not know what a fact is. And that tax cuts sure so appeart to work.
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