Ten Myths About the Bush Tax Cuts-and the Facts

It is important for conservatives to have the correct facts to battle with ignorant people who base their ideology from ignorant friends and the news on television. Spread the good word. The Bush tax cuts does work!!!

Ten-Myths-About-the-Bush-Tax-CutsTen Myths About the Bush Tax Cuts-and the Facts

Myth #1: Tax revenues remain low.
Fact: Tax revenues are above the historical average, even after the tax cuts.

Myth #2: The Bush tax cuts substantially reduced 2006 revenues and expanded the budget deficit.
Fact: Nearly all of the 2006 budget deficit resulted from additional spending above the baseline.

Myth #3: Supply-side economics assumes that all tax cuts immediately pay for themselves.
Fact: It assumes replenishment of some but not necessarily all lost revenues.

Myth #4: Capital gains tax cuts do not pay for themselves.
Fact: Capital gains tax revenues doubled following the 2003 tax cut.

Myth #5: The Bush tax cuts are to blame for the projected long-term budget deficits.
Fact: Projections show that entitlement costs will dwarf the projected large revenue increases.

Myth #6: Raising tax rates is the best way to raise revenue.
Fact: Tax revenues correlate with economic growth, not tax rates.

Myth #7: Reversing the upper-income tax cuts would raise substantial revenues.
Fact: The low-income tax cuts reduced revenues the most.

Myth #8: Tax cuts help the economy by "putting money in people's pockets."
Fact: Pro-growth tax cuts support incentives for productive behavior.

Myth #9: The Bush tax cuts have not helped the economy.
Fact: The economy responded strongly to the 2003 tax cuts.

Myth #10: The Bush tax cuts were tilted toward the rich.
Fact: The rich are now shouldering even more of the income tax burden.

President Obama Blames The Internet For Why People Think He Is Muslim

If Obama is threatened that the Internet is causing all these vicious rumors, there may be a chance Obama is trying to imply something to us. Before nationalizing the Internet, Obama has to ask permission to the creator of the Internet, Al Gore.

(Mediaite) — The internet is a powerful thing. So concludes President Barack Obama in an extensive sit-down interview for ABC with Barbara Walters, who ventures to ask the President (and the First Lady) where the rumors the President is Muslim generate their strength.

While he declined to lay blame or assign motive, President Obama asserted, once again, that the rumors are untrue and that both he and his family benefit from their lives as Christians.

Opening with a question about the impact of his faith on his life, Walters asked point-blank why President Obama thought the rumor of his religious background had any staying power.

Declining to address any specifics about the rumors surrounding his religion– like, for instance, how the Muslim and Jeremiah Wright attacks can somehow coexist– Obama laid blame on one particular subset of the media, the internet.

“The internet has a powerful effect these ways,” he told Walters, “so the way rumors can take up a life of their own ends up being very powerfulpowerful