* The slash and burn plans being leaked about the coming Kasich administration will leave some people complaining. Now there is word that Kasich wants to turn away the $400 million grant for Ohio schools that was allotted through the federal program, the Race to the Top. This is just an inkling of how Kasich plans to punish school children so that he can give tax cuts. When Kasich was in Congress, his budget proposals were like a reverse a Robin Hood - - - take money and programs from the poor and elderly to provide tax cut money for the rich. In Congress, Kasich's draconian plans were halted by President Clinton and Republicans. Who will stop Kasich from making drastic cuts to much needed social plans in Ohio? If school children, college students, the elderly and disabled, and the middle class are threatened, which person will stand up and oppose these harsh plans outlined by Kasich?
**** The Republicans in Congress are still pushing the Bush tax cuts. Even though keeping those tax cuts grows the deficit, the Republican just won't listen to common sense. They keep saying that the tax cuts will increase jobs, but that didn't happen under Bush and it has yet to happen.
Here is some legitimate information on how tax cuts for the wealthy DON'T WORK. If you are looking for some statistical evidence, check out the article from 2003.
United for a Fair Economy:
...1. Cutting the top tax rate does not lead to economic growth....
...Overall, there seems to be no close relationship between the top tax rate and the GDP growth rate, and statistical analysis backs this up: the correlation coefficient between the two variables is 0.03, meaning that there is essentially no connection...
...2. Cutting the top tax rate does not lead to income growth...
...3. Cutting the top tax rate does not lead to wage growth....
...4. Cutting the top tax rate does not lead to job creation....
...Overall, data from the past 50 years strongly refutes any arguments that cutting taxes for the richest Americans will improve the economic standing of the lower and middle classes or the nation as a whole. To be sure, the economic indicators examined in this report are dependent on a variety of factors, not just tax policy. However, what this study does show is that any attempt to stimulate economic growth by cutting taxes for the rich will do nothing -- it hasn't worked over the past 50 years, so why would it work in the future? To put it simply and bluntly, Bush's top-bracket tax cut is an ineffective attempt at stimulus that will not cause any growth -- unless, of course, if you're talking about the size of the deficit.
Let me repeat this important statement ~
...this study does show is that any attempt to stimulate economic growth by cutting taxes for the rich will do nothing -- it hasn't worked over the past 50 years, so why would it work in the future...
Looking back on this article we can see that the author was correct in saying that the deficit would grow. Bush took a surplus left by Clinton and turned it into a deficit.