Republicans don't want to cut revenue, they just don't want to increase taxes. They do want to increase revenue, just not the same way as Obama.
They don't really want to increase revenue.
Of course they do, but through growth, not taxes. It's been done before.
If you're talking about Reagan and the Laffer Curve, it's debatable that cutting taxes was the cause of increased revenue at that time. (The smart President Bush called it "voo-doo economics.") In any event, Reagan was cutting from a top tax rate of 70%. Even the Laffer Curve can't support an argument that cutting tax rates further from current top rate boosts government income. No, Republicans now just want to cut taxes, NOT increase revenue.
Somebody (Obama) is actually going to try to do something about the deficit and you all freak out about job numbers suddenly. You know the Republican response is to cut taxes and go deeper into debt. Also this proves that government spending is linked to economic performance. Look at Europe, where austerity has been the rule of the day and they are back in recession.
If a deal doesn't get done on taxes, the public is going to blame the Republicans for protecting rich people. The Democrats won the election and have the majority of people on their side.
Yes, the government must KEEP SPENDING!!!
Exactly.
oh. Well, what good will this do?
1) Increase societal goods such as schools, police, governmental services everyone uses (e.g., the DMV and the court system), infrastructure everyone uses (e.g., highways and bridges), and the social safety net for the elderly and less privileged.
2) Increase the money in the economy because governmental spending gets into the economy more directly (and more completely) than tax cuts for people that will only put a small percentage of any cut back into the economy. This improves the nation's economic numbers.
What bad will it do?