Less taxes Bring more revenue, check it out Dawgs it is fact. Higher taxes brings less revenue people hold back money , lose jobs therefore les spending which brings in a lot of tax money. This is why the fair tax would work so well.
If the people have more money they spend more and that brings more tax revenue. Bush cut taxes and it brought much more revenue after his tax cuts.
The figures
Part of our strategy to cut our deficit in half is to continue to grow this economy. Tax relief has helped a growing economy, which means more tax revenue for the federal treasury. 2005 tax revenues grew by $274 billion, an increase of nearly 15 percent over the previous year. This year the economy is still growing, and tax revenues are growing with it. So far, tax revenues are 11 percent higher than they were at the same point last year, which is better than projected. More than a quarter of these tax revenues come from corporations who pay more because they're growing with the economy.
Prove this wrong it is fact!!!! Yell "tax cuts for the rich" all you want but they spend money, create jobs, pay most of ALL the taxes in this nation.
Just some more interesting facts of the evil President Bush, which btw has had one of the hardest presidencies in a long time, 9-11 should have killed our economy but actually the economy got better then it was when Clinton was in his last year of office, why becuase his false boom was over because the dot com people were done.
This economy of ours is hitting full stride. In the first quarter of this year, our economy grew at an annual rate of 4.8 percent. This follows a vigorous 2005, when the American economy grew at 3.5 percent. The past two-and-a-half years, we've added more than 5.2 million new jobs. Productivity over the last five years has grown at the fastest rate in decades. Higher productivity leads to higher wages for the American workers. Hourly compensation grew at an annual rate of 5.7 percent in the first quarter of this year. American workers are taking home bigger paychecks and their standard of living is on the rise. The American economy is powerful, productive, and prosperous, and we're going to keep it that way.
Economic growth begins with the hard work of the American people and good policies in Washington, D.C. Over the past few years our economy has faced a lot of challenges. We've been through a recession, a stock market decline, corporate scandals, an attack on our country, high energy prices and major natural disasters. But we acted. We believe that our economy prospers when the American people make their own decisions about how to save and spend and invest their own money. And starting in 2001 we delivered the largest tax relief since Ronald Reagan was in the White House.
We reduced taxes for every American who pays income taxes. We doubled the child tax credit, reduced the marriage penalty, created new incentives for small businesses to invest. We put the death tax on the road to extinction. The American people have used their money better than the government ever could have. They've used the tax relief to provide for their families and create jobs and help the American economy become the envy of the industrialized world.
As a buisness owner I promise if we get tax increases I will have to lay off a few people, that is not a political ploy or a play on words it is fact and I am concerned. Less workers means less income for the company, it is still almost impossible to run a small buisness for one reason "the governments pursuit to raise taxes and kill our ability to grow" If anyone does not like BUSH fine but his tax cuts saved this economy after 9-11 and it saved us from a bigger recession that he was left with, whether you believe that or not the stock market was garbage at that point.
So why you scream to raise taxes you may lose your job. Yes spend less but you cant compare spending when we are at war, if you compared it other wise you would see a huge difference.
When the Dust settles President Bush is going to be noticed as one of the greats and will not apologize for this statement.