When will tax cuts for the rich start working?

Do you realize that even when the marginal tax rates on unearned income were at 70% the deficit increased each year. The issue is not that successful people aren't paying enough, the real issue is government spends too way too much.

Your question shows just how little you, and the 1st poster know about economics.

You people need to watch less T.V. and get the A-Team image of the greedy rich villain out of your head.

Currently companies are holding onto profits because they are unsure what new money-grabbing scheme or new group of regulations (more taxes, more environmental regulations, etc.) the Obama Administration will concoct to take more money away from them.

They are holding on to extra money because they are afraid that if they spend it on hiring new employees, or adding a new store, or a new office building, they will not have enough money left to cover the latest and greatest government program.

@ Jason C

What some cheese with all that whine?

Are you mad at the world because you didn't get what you want. Maybe if you worked harder for yourself, instead of looking for government handouts you be better off.

@Dave87

Yet another no-fact liberal. Again stop watching so much T.V. and look something up for yourself.

Here's some REAL facts for you, don't choke on them

The Unemployment rate when Carter left office: 7.19%

The Unemployment rate when Reagan left office: 5.49%

The Annual GDP Rate during the Carter Admin: 0.8%

The Annual GDP Rate during the Reagan Admin: 1.8%

The Annual Private Sector Productivity Rate during the Carter Admin: 1.4%

The Annual Private Sector Productivity Rate during the Reagan Admin: 3.8%

(Indecently - this IS the record productivity rate for peacetime)

Inflation at the end of the Carter Administration: 10.4%

Inflation at the end of the Reagan Administration: 4.2%

Just because you don't like someone, doesn't mean you can make up your own facts about them.

well, first off, if you didn't get a tax cut, it's because you don't pay ANY.

so, if giving a tax cut to the 53% is so-called "tax cuts for the rich", well, then i'm all for it.

tax cuts put off the crash till '07. we should have "eaten our peas" sooner. we wouldn't be in this exacerbated mess we are in now. bailouts and tarp for the rich did nothing to help either. it's doubtful that doing nothing would have been worse.

but you libbies can keep making up your facts as you go along, people that THINK know the difference between yer drivel and reality.

They started working the year after they were implemented - 2003 - you can look up the facts if you really care. Revenues increased enough that the deficit went DOWN for three years in a row to a low of $165 billion - that's 1/10th of what is now. Unemployment was 4.5%. They STOPPED working when the dems got control of Congress in 2007 and went on their spending spree and forced the subprime mortages.

You have to remember all the democrat instituted regulations. If you had $10 dollars and you wanted to spend $6 and found out it would cost $4 to satisfy all the regulations on your spending then what would you have left for operating capital? How could you pay your workers for the first year or so, union or not?

please identify the tax cuts your referring to. Obama is rich he paid on 12% of his income in taxes so tell me what tax cuts I have not seen any bills for tax cuts just a stand against tax increases.

About the same time that the Obama's imaginary shovel ready jobs reduce unemployment.

Tell me why they should invest when Obama will just waste their tax dollars and bail out his buds.

Since Reagan instituted it, it hasnt worked...thats 30 years..so the GOP's plan is to relabel tax cuts for the rich in order to sell it again..now its called a flat tax or 999

Maybe Obama needs to give them more stimulus money so they can create jobs in China and Finland and India.....