The Hill: Paul Ryan: Payroll tax cuts nothing but 'sugar high'

[flpoljunkie]

What arrogance! What wilful ignorance! Mr. 'Ayn Rand' devotee, check out where your Republican tax cut proposals lie on Moody's Mark Zandi's Bang for the Buck chart. At, or near the bottom!

Paul Ryan: Payroll tax cuts nothing but 'sugar high'

By Bernie Becker - 06/16/11 11:57 AM ET
Rep. Paul Ryan (R-Wis.) on Thursday rejected the idea of making further short-term changes to the payroll tax, an idea the White House is considering to spark the sluggish economy.

Ryan, the House Budget Committee chairman, declared that long-term changes to the tax code better boosted the economy than temporary fixes. The White House said this week that it was considering extending a payroll tax holiday for employees and adding one for employers.

“I’m not a Keynesian, so I don’t think sugar-high economics works,” the Wisconsin Republicans said at a policy discussion hosted by The Hill and sponsored by No American Debt, an advocacy group. “We’ve sort of proven this already, a number of times. Temporary tax rebates don’t work to create economic growth. Permanent tax changes do.”

http://thehill.com/blogs/on-the-money/domestic-taxes/166837-paul-ryan-payroll-tax-cuts-nothing-but-qsugar-highq

[WCGreen]

1. These guys are on a worse high....

the crap that Laffer came out with in the late 70's which propelled the so-called Reagan revolution, more like the Reagan Regression, I digress...

the point is that direct money going into the economy not only has a better multiplier effect it also creates jobs simply because more people are working and can afford more.

what good does a tax cut do to someone not making any earned income?

How does it help people in dire straights right now.

[CaliforniaPeggy]

2. Kick and recommend.