Oak Ridge
UKC Forum Member
Registered: Aug 2003
Location: Indiana
Posts: 6168 |
quote:
Originally posted by jason2579
OK another ? In every ones opinion reguardless of what party you belong to or if your independent. Who do think would kick start the economy Quicker!
Jason,
One of the most powerful drivers of a healthy economy is a healthy governmental budget. I urge you to take a look at http://taxfoundation.org.. I don't have a strong enough grasp of Macro Economic any more (been a few years since that class in college) to do the full analysis.
Obama Tax Plan
Conclusion
Tax Foundation economists measured the economic and distributional effects of all of President Obama’s tax proposals: his plan to sunset the Bush-era tax rates for high-income taxpayers; his corporate tax plan; and, the tax changes contained in the Affordable Care Act beginning in 2013. We found that these proposals would lower economic growth while substantially lowering workers’ wages and incomes. Ultimately, these tax plans would be very harmful for the nation’s long-term economic outlook.
http://taxfoundation.org/article/si...obamas-tax-plan
Romney Tax Plan
Conclusion
While the debate over tax reform has been consumed with distributional issues, the economy continues to limp along in the worst recovery since the Great Depression. To be sure, this economy faces headwinds that even an ideal tax code will not address, but pro-growth tax reform can provide substantial benefits. Our results indicate that by lowering tax rates on investment and labor, the Romney tax plan would grow the economy by 7.4 percent, the capital stock by almost 19 percent, wages by almost 5 percent, and hours worked by 3 percent. The benefits would be widely enjoyed, as every income group would experience at least a 7 percent increase in after-tax income. It would benefit the federal budget as well, in that fully 60 percent of the static revenue loss from Romney’s plan would be recovered from taxing a larger economy.
http://taxfoundation.org/article/si...omneys-tax-plan
I would encrouage everyone who has a real interest in the difference to look at each page, compare how the economists came to the conclusions that they did. I'm sure that the left can poke holes in the analysis, and I'm sure that the Right can do the same.
But for me, the comparison of the two plans is complete, the same model is applied to both of them, and the comparison makes sense to me.
__________________
__________________
Joe Newlin
UKC Cur Advocate
Home of Oak Ridge Kennels
Last edited by Oak Ridge on 11-20-2012 at 09:31 PM
Report this post to a moderator | IP: Logged
|
11-20-2012 02:56 PM
