Tax cuts are bad because they decimate economies during free trade. If you have protectionism, than tax cuts are a reliable way to get profit, because citizens would have more money to spend, and in a protective state, almost all of it would go back to the government. However, in an allready heavily debted country, allready producing massive defecits, you are giving tax cuts? Not just tax cuts but MASSIVE tax cuts, that contribute to 91 fucking percent of the national defecit. Your defecit gets higher, and you start to lose your trade credibility, and overall credibility, and because of that, your currency will also begin to fall. Not to mention, after the tax cuts we are paying 140 billion $ to iraq, which was taken from our schools, welfare systems, social security, veterans pay, and even the military(kevlar vests anyone?) Do you have money to pay for a private school so you can get a good education?
Economics, first rule, supply and demand. Taxation works on a similar but more complicated field as that. We shouldnt have 100% free trade, nor should we have massive protectionism, there should be a balance, as well as we shouldnt pay almost no taxes, and we shouldnt pay a lot of taxes, its all a balance, and instead of doing the math, and finding this out, bush goes WAY too hard in one direction.
'We can dance if we want to, we can leave your friends behind, cause they dont dance, and if they dont dance they aint no friends of mine.'
Me- come here doggy
Karl-I dont think he understands english man
Alex-yeah, it is a GERMAN shepherd