News Are the Bush Tax Cuts Still Beneficial to the Economy?

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The Bush tax cuts are now seen as detrimental to the economy, contributing to a shortfall in payroll taxes and overall tax revenue without stimulating job growth. Critics argue that maintaining these cuts only exacerbates the deficit, which contradicts the goals of various political factions, including the Tea Party. There is a belief that eliminating the tax cuts could compel small business owners to reinvest in their businesses rather than hoarding cash, potentially leading to economic growth. However, concerns persist that tax increases might further suppress consumer demand, especially in a weak economic climate. The discussion highlights a critical need to address revenue shortfalls in social security and Medicare, emphasizing the urgency of the situation.
  • #121
CAC1001 said:
Just a bit confused here, but even though the Constitution doesn't specifically mention the SCOTUS, isn't it still the job of the SCOTUS to make sure that laws passed by the government keep in line with the Constitution?
Yes, but that's not their job exclusively. The first barrier to unconstitutional (federal) laws lies with congress. The second barrier is the Senate. The third barrier is the President.

The Supreme Court is the last barrier, but it's problematic to wait for that, since any law they rule is unconstitutional (invalid from conception) has already been enforced. The constitution has already been violated. People have been forced to stand trial for an action that was not actually a crime, just mistakenly considered to be a crime by government. People spending years in jail for an action that government was forbidden to prohibit or restrict.

How can a congressman vote for a law, have it ruled unconstitutional by SCOTUS, and not at least resign? SCOTUS just declared them to be violators of the constitution for God's sake. How is that not a much bigger deal than it's treated? Their actions result in ruined lives, reduced legitimacy of government, reduced freedom of an entire nation, and they treat it like they just got a speeding ticket.
 
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  • #122
Al68 said:
The Supreme Court is the last barrier, but it's problematic to wait for that, since any law they rule is constitutional (invalid from conception) has already been enforced..

In the bolded part, did you mean, "...any law they rule is unconstitutional (invalid from conception) has already been enforced...??
 
  • #123
CAC1001 said:
In the bolded part, did you mean, "...any law they rule is unconstitutional (invalid from conception) has already been enforced...??
Yes, that would make a little more sense. :redface:

Corrected, thank you.
 
  • #124
Everything should be taxed at 100% with all the proceeds going to me.

I think this is fair.
 
  • #125
xxChrisxx said:
Everything should be taxed at 100% with all the proceeds going to me.

I think this is fair.
You'd be pretty rich based on Democratic Party math. But in reality, you'd be broke.

You'd be much better off if you received "only" 10%.
 

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