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Is There a "Bad" Tax Cut?

By Ryan Ellis • Thursday, April 16, 2009 9:00 am
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Executive Director Ryan Ellis today was a featured panelist in Washington, DC hosted by America's Future Foundation. The panel, entitled "Is There Such a Thing As A Bad Tax Cut?" was held at the Fund for American Studies near Dupont Circle.

The video feed should be up soon, but in the meantime, here's what I went over:

  •   To answer the question, "no," there is no such thing as a bad tax cut. All tax cuts deprive the government of revenue, which is a good thing. Some tax cuts (e.g. cutting the capital gains tax rate) are better than others (e.g. the ethanol tax credit). But no tax cuts are "bad"

  •   Some tax cuts are actually not tax cuts at all--they are spending. One-third of income tax filers don't have an income tax liability. 15 percent of filers have neither an income tax nor a payroll tax liability. It's arithmetically-impossible to cut taxes for these people. Instead, they receive a welfare benefit called a "refundable credit" which even the government scorekeepers admit is spending

  • The most effective tax cut right now would be to cut the top corporate income tax rate, which is tied for highest in the world with Japan

  •   The best thing that could be done for investors right now is to provide some certainty that the capital gains and dividends tax rate of 15 percent will be there permanently


 

Tags: HOT, Federal

Comments (15)

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Really? no bad tax cuts? That presumes that the government has no added value and that we really need anarchy. One has to admit government is required to some degree.
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You should claim the pro-rated aounmt you paid on the old property and any pro-rated aounmt you paid on the new property (often in advance of the year-end billing), then remember to make any necessary adjustments after official tax bills come out and get re-divided. In theory, you paid the taxes by giving the money to somebody else (or putting it into escrow for taxes) and you are allowed to assume they actually made the necessary payments to the necessary authorities. A lender holding tax escrow should give you an annual statement of taxes collected, held and paid out.
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.We are indoued by our CREATOR to have cterain inable rights as to LIFE LIBERTY @ THE PURSUIT OF HAPPYNESS It dose not say your intitled to live or be given a MILLION Dollars if your born in the US Question to libs Have u ever seen a poor person with a shoping cart give a job to any other person???With the exception of picking up after them?? Heres some info to u READY . People With money do cterain things with there money..First thing ..if they don't beleave in GOD or someone who is in charge of the GALAXYS is more ap to do eleagle or just take care of them selfs,,but still they have to purchess things through normal business transactions..Witch dose have TAX'S to be paid @ the final transaction Those who have money do things with it,,such as..BUY HOUSE'S,,CAR'S,,TRUCKS,,BOATS,,REALASTATE,,AMENITYS FOR THERE HOUSES..BUY COMPANYS WITCH PEOPLE WORK MOST PEOPLE WHO WORK FOR SOMEONE GET WHAT AS KNOWN AS A PAYCHECK THEN AMAZING ENOUGH,,,THEY DO THE SAME THING FOR THERE OWN LIFES..REMEMBER WHAT JACOB MARLEY SAID TO SCROOGE,,,THAT MAN Was his LIFE'S BUSINESS,,AND HE TRYED TO GET IT IN TO EBENESERS HEAD..WORK FOR WHAT U GOT,,AND HELP ALLONG THE WAY FOR OTHERS,,BY GIVEING A MAN OR WOMAN THE OPPORTUNITY TO MOVE UP WORDS EVERY TWO WEEKS OR MONTHLY TO HAVE THE OPORTUNITY FOR LIFE LIBERTY @ THE PURSUIT OF HAPPYNESS..WITCH CAN BE A HOME,,FIREPLACE TO BE WARM IN,,AND FEED YOUR FAMILY THIS IS WHAT THE CONCERIVTIVE,,TEA PARTY MOVEMENT IS ALL ABOUT NOT BY THIS SO CALLED PRES..WE HAVE,,WERE GOING BROKE,,UNEMPLOYMENT @10% IS THE ANSWER,,@ POPULAR ,thought.. WERE ALL AMERICANS HAVE TO PAY THERE TAXES AND THE GOVERMENT WE ARE UNDER DOSE NOT .OUR FOUR FATHERS WOULD STAND @ THE FLOOR OF CONGRESS AND TEACH THAT THE GIVE AWAY PLAN DOSE NOT WORK..AS WE SEE EVERY DAY AHEAD OF US..THEY WOULD YELL FROM LINCOINS STEPS AND PREACH TO PROTECT OUR BORDERS,,OF OUR COUNTRY,,TURN THE WATER ON FOR PEOPLE NOT FOR A TWO INCH FISH,, IS TO COME FIRST..BUT THE PEOPLE ARE FIRST..TALK ABOUT THAT FOR OVER 210 YEARS THE GREATEST # OF INVENTIONS HAVE COME OUT OF OUR COUNTRY'S INVENTITIVE IDEAS @ DETURMANATION TO GIVE NOT ONLY TO OUR OWN PEOPLE..BUT TO THE REST OF THE WORLD,,AS OUR CREATOR,,JESUS CHRIST WOULD WANT,,THE REST OF MAN KIND TO LEARN @ PROSPER FOR EVERY FAMILY U EARN AS U GO,,AND BEING GREATFUL GIVES MAN PERSPECTIVE FOR EVERY ONE NOT ABSOLUTE POWER TO TELL A MAN WHAT TO DO,,OR BUY,,OR INVENT MAN GROWS BY LEARNING TO EARN AND CARE ON THERE OWN,,NOT BUY THE GIVE AWAY PLAN,,WITCH MAKES MAN SELFISH,,UNPREDUCTIVE @ UNHELPFUL TO MAN KIND FOR OVER 210 YEARS HAS BEEN THE MOST PRODUCTIVE,,HELPFUL AND UNSELFISH,,GIVING,,CAREING,,PRIVETELY,,AND GOVERMENT HELPING IN RIGHTCHES NESS..IN THE HISTORY OF THIS EARTH THE MEDIA HAS BECOME A JOKE WHEN OVER 6 NATIONAL NETWORKS USE THE SAME SENTENCES TO DESCRIBE THERE STORYS,,EVERYDAY,ALL SAME WORD FOR WORD,,,BRINGS ME TO DICTATORSHIP HITLER STYLE REPORTING OUR MEDIA IS L AZY,,,L A Z Y .AND SOMEONE IS PULLING ALL THE STRINGS TO REPORT WORD FOR WORD,,SENTENCE,,BY SENTENCE THIS IS EVIL I HAVE NO PROFF,,BUT GEORGE SOROS WOULD'NT SUPRISE ME IF HE IS THE LEADER OF THIS L A Z Y REPORTING..REPORTERS DO NOT INVESTAGATE ANYMORE THEY DID BEFORE THE 80 S..NO LONGER BECAUSE LIB NETWORKS WANT US TO PUT THEM ALL ON A PEDADSTIAL THERE SO GREAT TO TAKE THERE TIME TO REPORT TO US SO WE WONT SEE A DIFFERNT PERSPECTIVE,,BECAUSE IT WOULD COST MORE AND HEAVEN FORBID IT TAKES THEM TO SPEND MONEY@TIME ON THE TRUTH,,LOOK AT THERE NEWSPAPERS NOW..THERE GOING BROKE,,Y BECAUSE THERE PERSPECTIVE IS THERES ALONE NOT OWR'S TO SEE IN A RIGHTCHES LIGHT..ITS TIME FOR THE CONCEIVITIVE TRUTH,,GIVE OUR TAX'ES BACK TO US AT THE SAME LEVALS,,AND GO BACK TO WORK WERE OUR SMALL BISINESS AND LARGE CAN PROSPER AGAIN IN THE US,,SO THE WORK THAT THE DEMOS HAVE LET GO OVER SEAS BE AMERICAN AGAIN..AND BILL CLINTION SAID THIS ON LARRY KING LIVE,HE GAVE NO INTRUST IN BRINGING BACK WORK FROM OVER SEA'S.. NOT SO WERE POORER THAN MOST AFRICAN COUNTRYS ARE AND BY THE WAY GREED KILLS..HONESTY THERIVES,,AND HAPPYNESS IS ABOUND TRY THAT DEMOS AND SEE WERE WE ARE THEN..WE WONT HAVE CORUPTNESS,,POOR AND MORE POOR AS EVERY YEAR INCRESS..AND A HOUSE OF CARDS BUILT WITH CORUPTNESS,,ALLWAYS FALLS .LOOK @ ROME,,WERE DID THEY GO??.LOOK WERE WE ARE NOW GANG .GET THE MESSAGE .
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