End of an Era: Tax Cuts Losing Steam on Capitol Hill (user search)
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  End of an Era: Tax Cuts Losing Steam on Capitol Hill (search mode)
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Author Topic: End of an Era: Tax Cuts Losing Steam on Capitol Hill  (Read 2164 times)
MODU
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Posts: 22,023
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« on: July 06, 2006, 01:23:39 PM »



There is plenty of room for additional tax cuts.  Pass the revised Presidential line-item veto, and you'll begin to see that we can do so much with so little.  California doesn't need a federally-funded pool.  Cut it.
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MODU
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Posts: 22,023
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« Reply #1 on: July 06, 2006, 03:14:44 PM »

There is plenty of room for additional tax cuts.  Pass the revised Presidential line-item veto, and you'll begin to see that we can do so much with so little.  California doesn't need a federally-funded pool.  Cut it.

Except line-item veto is unconstitutional. I used to favor an Amendent that would add it, but now I'm convineced it's not a good idea.

And as Bono said, it's not like Bush vetoes things anyway.

Bush hasn't really had to veto anything since he's been able to (for the most part) bully the Congress into cutting spending bills within a range that he desires before being voted upon.  In the few cases where he should have vetoed the bills, they had supermajority votes and were on key things, like the transportation bill, which were already delayed and needed to be passed.

As far as being unconstitutional, the new watered down line-item veto has passed muster with constitutional scholars and appears to be within the limits of the division of powers.  It's something that should be passed and enacted.  It will go a long way to deter Congressmen from throwing on pork projects that they know will be singled out by the President and made public for further debates.  Congressmen don't like to be publicly embarrassed.

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MODU
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Posts: 22,023
United States


« Reply #2 on: July 07, 2006, 07:41:41 AM »



Help!  Help!  I'm rich and I keep getting tax cuts.  Make it stop!  Roll Eyes  Sorry folks, but I am far from the upper class that the left constantly harps about as receiving the benefits of tax cuts, yet my tax rate has been lower since the first tax cuts went into effect.  The only reason why my tax payments are higher are due to proceeds from stock sales and the jump in housing prices (which the VA tax rate on that has been cut as well).  So . . . I have lower tax rates yet the government is receiving more revenue from an improving tax base.  Seems like the tax cuts work.  Keep them/extend them.
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