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IT is what makes EVERYTHING else possible THE GOOD THINGS THE 2003 TAX CUTS HAVE BROUGHT-- BY THE NUMBERS
$5,700,000,000,000 -- The Total Increase in Shareholder Wealth Since May 20, 2003 $863,654,000,000 -- The Total Amount of Tax Cuts Enacted Since Fiscal Year 2003 $625,000,000,000 -- The Total Increase in Federal Tax Revenues Since FY 2003 [$863,654,000,000 were removed from revenues by the Tax Cuts and $1,488,654,000,000 were THEN ADDED BACK IN DUE TO THE STRONGER ECONOMIC GROWTH THEY CAUSED and the 6,800,000 new jobs created, for a net gain of $625,000,000,000 so far, with more to come IF the prosperity is allowed to continue]. $783,890,000,000 -- The Total Amount of Additional Tax Cuts to be Returned to Taxpayers Through 2010 $207,788,000,000 -- The Reduction in the Deficit in the Past 29 Months DUE TO STRONGER ECONOMIC GROWTH 4.6% -- The Continuing Unemployment Rate, Lower than the averages of the 70's, 80's and 90's, which continues to fly in the face of the Media's agenda- driven focus on economic pessimists. Update: It just dropped to 4.4% 3.7% -- The Average GDP Growth Rate Since The Tax Cut Was Enacted (the long run average is 3.3%), Calculated Quarterly $98,600,000,000 -- The Combined Income Gains for Shareholders From Dividend Increases AND Tax Savings from 2003 to 2005 $62,000,000,000 -- The Surplus of Capital Gains Tax Revenue Not Foreseen or Accounted-for by Old School Revenue Estimators 91,000,000 -- The Number of Individuals Owning Shares of Stock in America 23,000,000 -- The Number of Small Businesses Benefiting from Income Tax Reductions 6,800,000 -- The Number of Jobs Created Since the Tax Cut Was Signed Into Law -- which is more new jobs than the ENTIRE rest of the Industrialized West altogether! 12,000 -- The Magic Number of the Dow Jones Industrial Index -- Just Now Achieved 25 -- How many years the total number of dividend-paying companies were declining up until the 2003 Tax Cut 74.0% -- The Increase in the Number of S&P 500 Companies BOOSTING their Dividends AFTER 2002 164.0% -- The Increase in the Dividend Tax Rate which would occur IF the Income and Dividend Tax Cuts expire as the Democrats want them to 123.0% -- The % Increase in Dividend Income and Share Repurchases Since the 2003 Tax Cut 91.0% -- The % Increase of Stock Ownership among the Bottom Quintile of Income Earners Since 1995 65.0% -- The % of Voters Who Were Investors by the time of the 2004 Elections $2,092 -- What the Tax Increase for a Family of Four With $50k of Income Would Be IF Tax Cuts Are Repealed, or are allowed to expire, as the Democrats want 200 -- The Number of House Members Who Voted Against This Growth-Generating Tax Cut as most Democrats seem unable or unwilling to grasp the meaning, let alone the importance, of these crucial facts of economic reality 50 -- The Number of US Senators Who Voted AGAINST This Growth-Generating Tax Cut -- THAT'S HOW CLOSE THE VOTE WAS 300,001,643
-- The TOTAL Number of Americans benefiting from the Republicans' 2003
Tax Cut
-- House Minority Leader Nancy Pelosi (D-CA); May 09, 2003 "The President has the worst jobs record since the Great Depression" -- Clueless House Minority Leader SanFranNan (D-CA), Nov. 3, 2006 WHY DID THE TAX CUTS WORK? THIS is why:
THAT'S WHY CUTTING capital gains taxes WORKS -- it allows people to move their money OUT OF old investments and INTO more productive investments without punishing them so badly for simply making a profit! AND THAT'S WHY the economy has really taken off since 2003 -- because so much money that had been tied up in tired old investments was finally set free! THIS IS REALITY, folks; FACE IT. Remember, the wealth you see around you didn’t always exist; it was and is CREATED wherever the right CONDITIONS OF FREEDOM are established and guaranteed. "Wealth is good. ... wealth is not a world-wide round-robin of purse snatching, and ... the thing that makes you rich doesn't make me poor. ... Wealth is based on productivity, and productivity is expandable. In fact, productivity is fabulously expandable." -- P.J. O'Rourke in "Eat the Rich" In other words, punishing the rich just because they're rich is short-sighted, self-defeating and more than a little juvenile and spiteful. It's based on the totally unrealistic and thoroughly discredited "fixed quantity of wealth fallacy" as well ( see: http://freedomkeys.com/gap.htm ) "You may not like rich people, but when was the last time a poor person gave you a job?"-- Gene Simmons Also
see: http://freedomkeys.com/taxcuts-good.htm
Negative Reporting Bad news is always bigger news than good news. But a study by the Business and Media Institute says when it comes to the economy, broadcast network news stories are overwhelmingly and intentionally negative. The year-long study of evening news programs revealed more than twice as many negative economic stories as positive — and the negative stories were in full -length reports — while the positive were in shorter forms. The study says the "CBS Evening News" went negative on the economy in 80 percent of its reports — the highest percentage among the three networks. [see http://www.businessandmedia.org ] Also see: http://freedomkeys.com/journalists.htm#4
And: http://freedomkeys.com/beforeyouvote.htm And:
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http://FreedomKeys.com/fascinating.htm
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