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Will Rmoney's continuation of the Bush tax cuts for the rich and big business build the middle working class?

If the Bush tax cuts brought America to the verge of another Great Depression, HOW can a continuation of the same policies Rmoney wants change anything positively??

Update:

DALGOR My working TAX percentage for the last thirty years was 28% to 30% per year !! I had no LOBBYIST to eschew my taxes or get me '''CORPORATE TAX BREAKS or CORPORATE WELFARE"! My reward for my labors was the BALANCE LEFT AFTER TAXATION !! I STILL became financially independent !! What I DIDN"T do was EXPORT AMERICAN JOBS and EVADE AMERICAN TAXES with ""DUMMY"" off shore domiciles to EVADE AMERICAN TAXES,,WHILE GETTING TAX RATES of 13% to 17% !!! Thirty years of EXPORTING AMERICAN MFG JOBS with the EQUIPMENT to DO them to third world countries while EVADING AMERICAN TAXES, is what the TAX BREAKS and CORPORATE WELFARE has Netted AMERICAN WORKERS !! WAKE UP !!

Update 2:

JEFF D That's just another of the ''EVERY" other issues which the right and republicans refuse to concede for their Corporate and Rich BUDDIES !! But then,,another reason why congress's performance rating is in the single digits.. 7%, last I heard !!

Update 3:

JEZZABEL NOT ONE SUCCESS ??? You have an AMERICAN AUTO INDUSTRY THRIVING, THE FINANCIALS THRIVING, WALL STREET THRIVING, CEO'S RECEIVING ''OBSCENE BONUSES AGAIN, BANKS UP TO THEIR OLD 'TRICKS' NOW SINCE THEIR LOBBYISTS HAVE CIRCUMVENTED THE NEW REGULATIONS WITH THE HELP OF THEIR RIGHT CONSERVATIVE '''BUDDIES, TRUE,THERE IS INCREASED DEBT, BUT WITHOUT THE BAIL OUTS, MOST '''THINKING'' ECONOMISTS AGREE AMERICA WOULD HAVE BEEN IN ANOTHER ''GREAT DEPRESSION..AND ALL OF THIS WITHOUT THE HELP OF ''ANY'' RIGHTEES OR TEA BAGGERS!! ALL THEY HAVE SAID FROM DAY ONE WAS,,MAKE OBAMA A ONE TERM PRESIDENT, OR THEY HOPE HE FAILS !!! WELL,,ITS NOT THE RICH OR CORPORATIONS WOULD WILL HURT IF HE FAILS,,BUT THE AVERAGE WORKING MAN OR WOMAN WHO HAS BORN THE BRUNT OF THE LAST THIRTY YEARS OF THE RICH GETTING RICHER AND THE POOR GETTING POORER, AND WE MIDDLE PEOPLE PAYING FOR IT ALL..THE ''PRIVATE SECTOR ON THEIR LEVEL &

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  • 9 years ago
    Favorite Answer

    Your point, is exactly what the right is pushing for... Repeating the Bush years... Makes no sense to me ether...

  • 9 years ago

    Probably not. Don't misinterpret me though, I am voting for Mitt Romney fyi. But the American economy just isn't largely hinging on a working class like it used to. People are becoming highly-educated white collar professionals (businessmen, pharmacists, doctors, lawyers, stock brokers, etc) or unskilled workers (McDonalds, Wal-Mart, waiters, etc)/low-skiled workers (technical professions like plumbers, low-grade electricians, maintenance workers, janitors, cooks, etc). The working class is slowly being outsourced so that we can remain competitive in a global economy where every country specializes in whatever it has the comparitive advantage in (economics 101).

    So even if you graduate high school, if you don't get educated highly enough, you might not be able to jump the wealth gap and left with fewer option than what suits you.

    This is all my own speculation on what's been happening since the 1980's. That's just the way it is. It may put a lot of factory workers out of work, but the world doesn't owe anybody anything. You either adapt or fail. It's the harsh reality we all have to live with. Tax cuts for the rich just speed up the process a little bit. However, the "corporate welfare" that many people like to cite only happens to a select few large multinationals that get granted special privelege from state governments that want to bring their business into the state. All corporations are subject to "double taxation" (accounting 101). And while the top 10% of the country may be much wealthier, they also pay 70% of our taxes every year.

    However we still have things like welfare and progressive taxation to help close the wealth gap out a bit and to give as many people possible a fighting chance in the work force.

  • ?
    Lv 7
    9 years ago

    They saved the American economy from the scourge of 9/11, the dot.com bust, huge natural disasters, war, and kept unemployment extremely low until the Democrats took over in 2007, and began an unprecedented spending and regulatory orgy.

    Your contention is, that on Jan1, 2013, when 4 trillion in new taxes start getting collected, the economy will boom. If so, you're the only one with that idiotic view.

  • Anonymous
    9 years ago

    Why not...OBAMA and his Dark Vader Wooky Wife took advantage of the Evil Bush Tax cuts in 2009 2010 & 2011....and Obama and his Star Wars Status Hoes will be seeking out Evil Bush again in Chicago by Tax Deadline in April 2013 for those 2012 Bush Tax savings. In all the Obama's went to President Bush to save over 600,000 dollars in taxes while in the Whitey House

    Source(s): ROMNEY 2012....since I want my Obama share of Tax Cuts
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  • Jeff D
    Lv 7
    9 years ago

    Heh. Why don't you ask Obama and the Democrats that question? They've continued the Bush tax cuts for 4 years. It's funny that you think they were a problem under Bush and would be a problem under Romney, but you don't even notice them under Obama!

  • 9 years ago

    i can certainly tell you the obama economic policies are not working. failed stimulus bills, repeat failed stimulus bill, stimulus bills that never existed. his green dream with solyndra and such - basically just political payback to contributors with tax dollars of course and not one success - not one. the middle class just received, thanks to obama, the largest tax increase ever. when the bush tax cuts expire, and obama has said repeatedly, that he will not extend we better be prepared for all of the money these corporations have been hoarding, of course they will reinvest in this country to make less profit and pay more taxes. jobs will be coming back here from all of those business friendly countries that charges less taxes, so those companies to can make less profit and pay more taxes. look out for small business, i bet the papers will be loaded with new jobs so they can, in addition to the obama care taxes they get hit with can also pay more taxes and make less profit. and lets not forget the tax increase that will also hit the middle class. and the investors will really let loose and invest every dime they can find to start new companies so they too can pay more taxes.

    makes sense to me.

  • 9 years ago

    They had their place, and worked for where they were used, it is true, that the tax cuts encourage job creation, it's just a question of where those jobs will be created, as in will they even be American jobs?

  • Dalgor
    Lv 5
    9 years ago

    Do you earn money in a real job? If 'Yes", do you consider the money you earn to be yours? If "yes", then by allowing you to keep your own money to spend how you want to spend it, or to save it, or to give it away, that is freedom. A "tax cut" is allowing you to keep more of what is yours rather than forcing you to give it all to the government to spend on what the politicians in Washington want to spend it on. By allowing the Bush tax cuts to expire, the government gets more of your money to give to those who don't pay any taxes at all. It certainly won't come to you unless you are one of those who take from the government in one of a dozen ways: medicaid, ADC, food stamps, pell grants, unemployment benefits, etc.

  • ?
    Lv 7
    9 years ago

    If you are studying Chinese and willing to work for $.10 an hour, you will be fine.

  • No!!! I'm still waiting after 32 years for something,,,,,anything....to "Trickle down" to me??????

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