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Wednesday, October 26, 2005

Conrad Opposes Tax Relief For Americans

As Americans struggle under the burden of higher prices due to rising energy costs North Dakota Senator Kent Conrad is busy in Washington (with the rest of his Democrat cronies) fighting against legislation that would reduce government waste and lower taxes.

Bloomberg - Democrats are united against the budget-cutting plan, saying Republicans are cutting much-needed social programs to pay for tax cuts for the wealthy. Some Republicans, such as Senator Mike DeWine of Ohio, have said they have concerns about some of the spending cuts and a provision to raise money by allowing oil drilling in an Alaska wildlife refuge.

``I have never felt that a budget going through the Congress of the United States is more disconnected from reality than this budget,'' said Senator Kent Conrad, a Democrat from North Dakota.

Conrad said a Republican proposal for $70 billion in tax cuts that is also part of the budget plan will increase the deficit, even with the spending cuts.

``There is no deficit reduction going on here,'' he said.


Apparently Conrad's solution to budget deficits is continued high tax rates. His philosophy is based on the idea that the more taxes our government applies to the citizens the more money it brings in. And that's true, to a point, but right now the tax burden being carried by most Americans has reached a point of diminishing returns. Keeping the tax rates at these high levels depresses the economy, which leads to lower tax receipts for the federal government.

When tax rates are as high as they are right now now tax cuts have historically increased federal tax receipt, not decreased them. Bush's tax cuts from his first term have had an extremely positive impact on both our economy and on the amount of money the government takes in (which, obviously, has a directly positive impact on the deficit Conrad is so busy moaning about).

North Dakotans love Kent Conrad because he brings the pork money home from Congress to our state. Currently North Dakota receives something like $2+ for every $1 we spend in taxes. Now assuming that the amount of pork brought home by a legislator is a good way of measuring that politician's job performance (that's not a theory I subscribe to, but that's a discussion for another post), couldn't we say that Conrad could still bring home the pork without having to tax the hell out of is in return?

Maybe North Dakotans should elect a Congressman who understands that, when possible, money is best left in the hands of the American people rather than in the hands of greed Washington bureaucrats.

(via Flickertail Journal)

Comments

Avatar for Steve L.

And Hillary is proposing a $20 billion “fee” that the oil companies would pay to help fund research on clean energy.  She is also sure that the oil companies wouldn’t pass the cost onto consumers.

Steve L. on October 27, 2005 at 04:11 am
Avatar for John

I’d like to point out that whenever someone mentions the “tax cuts for the wealthy”, that the tax share to income share ratio for each of the top 1%, 5%, 10%, 25%, and 50% are at their highest levels since 1996.  The tax rate cuts were more of a balancing measure than a windfall for any specific group.

John on October 27, 2005 at 05:10 am
Avatar for John

I’d like to point out that whenever someone mentions the “tax cuts for the wealthy”, that the tax share to income share ratio for each of the top 1%, 5%, 10%, 25%, and 50% are at their highest levels since 1996.  The tax rate cuts were more of a balancing measure than a windfall for any specific group.

Unrelated: Meirs has withdrawn her nomination.

John on October 27, 2005 at 05:11 am
Avatar for The Whistler

The one thing I need to point out is that all small states get more back from the government than they put in.  If your’re thinking Senator Conrad is a great Senator because of that your only fooling yourself.

For example when the highway bill passed the Senate Senator Conrad called it a “Grand Slam for North Dakota” because for every dollar of federal gas tax we got we receieved 2.08.  That’s fine but I pointed out that the average we received since the Interstate Highway System began was $2.06.  (I may not have the exact cents right).  All we got was average.

So the self-serving Senator was saying that average was a Grand Slam.  But it get’s worse because Senator Conrad misappropriated large chunks of money to give it to special interests like Ingersoll Rand.  He also took money out of our road money to deal with the Devils Lake funding money.  That should have not been highway tax money, but rather disaster money.

The Whistler on October 27, 2005 at 08:10 am
Avatar for Say Anything - North Dakota’s Most Popular P

[...] Apparently Senator Conrad thinks so. [...]

Avatar for robert108

RyanG:  Taxes are a drain on prosperity, not a boost.  Therefore cutting taxes is the best way to increase prosperity, and therefore increase funding for whatever we want to do.  Every time taxes have been cut in this country, including during JFK’s regime, revenues have increased.  If you are worried about Humvee armor, get your congressman to cut spending.  Spending less on social engineering is a guaranteed way to getting that armor.

robert108 on October 27, 2005 at 01:11 pm
Avatar for Ryan G

If anybody thinks the United States can afford a tax cut, they need to check their math.

We’re at WAR, people.  Wars are expensive.  Buck up and sacrifice a little.  Maybe your tax money will pay for some soldiers’ Humvee armor.

Ryan G on October 27, 2005 at 01:11 pm
Rob
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We’re at WAR, people. Wars are expensive. Buck up and sacrifice a little. Maybe your tax money will pay for some soldiers’ Humvee armor.

1.  Tax cuts increase federal tax receipts.

2.  No cuts have been proposed for defense spending.

3.  The cuts that have been proposed will make more money available for rebuilding efforts in hurricane struck areas and defense spending (should we need it).

So, in summary, the proposed Republican plan will bring put more money in government coffers while giving Americans tax relief (thus stimulating the already surging economy).

What was your objection again Ryan?


When the people fear their government, there is tyranny; when the government fears the people, there is liberty.

-- Thomas Jefferson

Rob’s recently listened-to songs:

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Rob on October 27, 2005 at 02:10 pm
Avatar for robert108

Here’s a plan:  Cut taxes for all Americans, cut most social spending, win the war, and remove hostile regulations all around.  The oil companies can then reinvest their profits instead of sitting on them and taking fire from the liberal leftist marxists.  Increase domestic oil production to the point where we don’t need much, if any imported oil for at least five years.  This would kick more ass in the Middle East than any military policy, thus changing the international political climate in our favor.  If the undiddled market price for oil is then high enough to justify developing other fuel sources, some of the reinvestment will take place there due to market forces.
If we as consumers choose to use less gasoline, then so be it.  Otherwise, leave us the hell alone to make our own choices in the marketplace, thank you very much.  We are not victims of corporate conspiracy, we choose to spend our money the way we spend it.  Never forget that.

robert108 on October 31, 2005 at 09:10 am
Avatar for Ryan G

And Hillary is proposing a $20 billion “fee” that the oil companies would pay to help fund research on clean energy. She is also sure that the oil companies wouldn’t pass the cost onto consumers.

Yes, I’m sure we’ll all be paying $6/gallon at the pumps if that happened, especially because those poor, poor oil companies only made billions upon billions in windfall profits this year off the backs of consumers, not trillions.

So, in summary, the proposed Republican plan will bring put more money in government coffers while giving Americans tax relief (thus stimulating the already surging economy).

If you want to stimulate the economy, hold off on the tax cuts and quit the “spend spend spend” economy style.  Pay off the national debt, balance the budget, fix the overwhelming trade deficit by encouraging production in America (not tax cuts to importers), wean America off dependence on foreign oil through the burgeoning renewables market (drilling in ANWR won’t help), and encourage people to save a little bit up in their bank accounts (savings was at a negative recently).

The tax cuts espoused by Republicans are dangerous and irresponsible during a time of war and during a time of budgetary crisis.  Spending government dollars to encourage production in America is much better than giving government money to rich people who export our jobs to India, thank you very much.

Ryan G on October 31, 2005 at 09:10 am
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