{"id":4409,"date":"2011-07-11T12:08:08","date_gmt":"2011-07-11T17:08:08","guid":{"rendered":"http:\/\/stonescryout.org\/?p=4409"},"modified":"2011-07-11T12:08:08","modified_gmt":"2011-07-11T17:08:08","slug":"taxes-in-a-recession","status":"publish","type":"post","link":"https:\/\/stonescryout.org\/?p=4409","title":{"rendered":"Taxes in a Recession"},"content":{"rendered":"

According to this expert<\/a>, what the Democrats are proposing — new taxes to deal with the budget crisis — is the absolute wrong thing to do.<\/p>\n

\n

\u201cFirst of all, he\u2019s right. Normally, you don\u2019t raise taxes in a recession, which is why we haven\u2019t and why we\u2019ve instead cut taxes. So I guess what I\u2019d say to Scott is \u2013 his economics are right. You don\u2019t raise taxes in a recession. We haven\u2019t raised taxes in a recession.\u201d<\/p>\n

[…]<\/p>\n

\u201cWe have not proposed a tax hike for the wealthy that would take effect in the middle of a recession. Even the proposals that have come out of Congress \u2013 which by the way were different from the proposals I put forward \u2013 still wouldn\u2019t kick in until after the recession was over. So he\u2019s absolutely right, the last thing you want to do is raise taxes in the middle of a recession because that would just suck up \u2013 take more demand out of the economy and put business further in a hole.\u201d<\/p>\n<\/blockquote>\n

This economics "expert" is the August, 2009 version of President Obama. That was then, this is now.<\/p>\n

\n

In a 75-minute meeting Sunday night, President Obama once again demanded that more than $1 trillion in tax increases be part of any deficit reduction package attached to a vote on the debt ceiling. In the session, Obama rejected a Republican proposal to seek $2.5 trillion in spending cuts and reforms, and insisted on higher taxes on businesses and wealthy individuals.<\/p>\n<\/blockquote>\n

Apparently, economic principles have an expiration date.<\/p>\n","protected":false},"excerpt":{"rendered":"

According to this expert, what the Democrats are proposing — new taxes to deal with the budget crisis — is the absolute wrong thing to do. \u201cFirst of all, he\u2019s right. Normally, you don\u2019t raise taxes in a recession, which is why we haven\u2019t and why we\u2019ve instead cut taxes. So I guess what I\u2019d […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,9,15,26],"tags":[],"class_list":["post-4409","post","type-post","status-publish","format-standard","hentry","category-democrats","category-doug","category-economics-taxes","category-politics"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/stonescryout.org\/index.php?rest_route=\/wp\/v2\/posts\/4409","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stonescryout.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stonescryout.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stonescryout.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stonescryout.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4409"}],"version-history":[{"count":0,"href":"https:\/\/stonescryout.org\/index.php?rest_route=\/wp\/v2\/posts\/4409\/revisions"}],"wp:attachment":[{"href":"https:\/\/stonescryout.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stonescryout.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stonescryout.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}