It'll never happen, but kudos for trying.
From the Patriot Post.
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“I promised the President today that I wouldn’t say anything bad about... this piece of s**t bill.”
"Presidential hopeful Hillary Rodham Clinton outlined a broad economic vision Tuesday, saying it's time to replace an 'on your own' society with one based on shared responsibility and prosperity.[It does! - HH]
'I prefer a "we're all in it together" society,' she said. 'I believe our government can once again work for all Americans.'
'It can promote the great American tradition of opportunity for all and special privileges for none.'
'That means pairing growth with fairness, she said, to ensure that the middle-class succeeds in the global economy, not just corporate CEOs.'
'... markets work best with rules that promote our values, protect our workers and give all people a chance to succeed,' she said. 'Fairness doesn't just happen. It requires the right government policies.'
An economic time bomb is ticking, but the 2008 presidential candidates and media pundits are paying shamefully little attention.
Last week, both the Senate and House of Representatives approved the majority Democrats' budget proposal, which contains over $200 billion in tax hikes, the largest in American history. Under their budget, this decade's astoundingly successful tax cuts will be allowed to expire in 2010, at which time rates will surge to recession-era levels as Congress stands by and watches.
The present tax rates did nothing less than resuscitate the American economy from the Clinton/Gore recession of 2000 - 2001, which was exacerbated by the effects of 9/11 and Sarbanes-Oxley burdens imposed in 2002. Since the current tax rates were set in 2003, federal revenues have actually increased nearly $700 billion, the American economy has created over 7 million jobs, the unemployment rate has fallen to a historically tiny 4.5% (approximately half the current European unemployment rate), workers' wages have increased, the Dow Jones Industrial Average has surpassed its tech-bubble peak and the deficit has decreased by $300 billion despite increased federal spending.
In fact, April's tax receipts were $70 billion higher than April 2006, and April 24 of this year set a record $48.7 billion tax collections in one day.
This constitutes an indisputable record of supply-side economic success. It also demonstrates once again the simple fact that decreasing tax rates paradoxically increases federal revenues by spurring greater economic growth. Read on.