CONCERNED WOMEN FOR AMERICA Legislative Action Committee

  • Connect with CWA:

Stay Connected with CWA

GET ACTION ALERTS

Tax Cuts: Rip Off for the Rich or Stimulus for the Economy?

Tax Cuts: Rip Off for the Rich or Stimulus for the Economy?
Print Friendly

“Let’s hope the president holds his ground on not extending the Bush tax cuts to the richest Americans – who don’t need it, don’t deserve it and won’t help the economy if they get it.”1

- Robert Reich

“Over that long span of time, there have been many sharp cuts in tax rates under Presidents Calvin Coolidge, John F. Kennedy, Ronald Reagan and George W. Bush. [C]uts in tax rates do not mean cuts in tax revenues. In all four of these administrations, of both parties, so-called “tax cuts for the rich” led to increased tax revenues – with people earning high incomes paying not only a larger sum total of tax revenues, but even a higher proportion of all tax revenues. [T]hese tax-rate reductions spurred economic activity, which we definitely need today.”2

- Thomas Sowell

Graph.FITFICA.jpg

Index of Changes from Tax Cuts – 1960 to 2010:

1962-67 ~ Change in annual tax revenue: $195 billion ~ change in non-farm employees: 10.3 million

1982-87 ~ Change in annual tax revenue: $321 billion ~ change in non-farm employees: 12.4 million

2001-07 ~ Change in annual tax revenue: $293 billion ~ change in non-farm employees: 5.8 million

Janice Shaw Crouse, Ph.D., author of “Children at Risk” (Transaction, 2010), is Senior Fellow, The Beverly LaHaye Institute, Concerned Women for America.


  1. Robert Reich, “Obama must oppose tax cuts for rich,” San Francisco Chronicle, November 21, 2010, accessed at http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/11/21/IN0E1GD112.DTL.

Thomas Sowell, “History Clearly Backs GOP on Tax Cuts,” Human Events, December 1, 2010, accessed at http://www.humanevents.com/article.php?id=40289.





Subscribe to updates and alerts

Help Us Defund Planned Parenthood!

As if the outright extermination of our most defenseless citizens weren't enough, Planned Parenthood stoops even lower -- by selling the organs of the freshly slaughtered children!

This is an outrage! It must end ... now! Help us defund Planned Parenthood today!

Sign Today!

Stand with us to protect the American family

Give Now

Young Women for America

ywa sidebar
YWA is a student-oriented initiative that is geared toward high school and college campuses to bring active groups of young like-minded women together to promote conservative values to their schools and the nation.

Learn More