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Thursday, February 24, 2005

Senator Kyl: Make Tax Cuts Permanent

Make The Tax Cuts Permanent
By Arizona Senator Jon Kyl

...The top income tax rate today is 35 percent, but it will rise to 39.6 percent if Congress doesn't act. Other brackets are similarly affected.

A number of studies have shown that people choose to work less as their income taxes rise. The 2004 winner of the Nobel Prize in Economics, Dr. Edward Prescott of Arizona State University, has found that Americans work 50 percent more than the French and that "marginal tax rates explain virtually all of [the] difference." In other words, lower U.S. tax rates are responsible for high U.S. productivity, which has driven our economic expansion.

Failing to make the lower income tax rates permanent would have the opposite effect, discouraging people from working, saving and investing. This is particularly true for the nation's 23 million small businesses, which are by far the greatest beneficiaries of lower individual tax rates because most pay taxes as individuals, not corporations...

Read the full commentary here.


I like Jon Kyl so much more than John "Hillary would make a good President" McCain. I have no idea why McCain is openly embraced by most on the right, and yet Kyl hardly gets any attention (all the camera whoring McCain does sure doesn't hurt). I have no doubt that eventually the rest of the nation will start paying attention to this very intelligent, productive, and CONSERVATIVE Senator. I guess it's just hard for him now because he's often over-shadowed by McCain. Anyway, be sure to read the entire commentary, he makes some very good points.


 
conservativerebel.blogspot.com: Senator Kyl: Make Tax Cuts Permanent <body>

conservativerebel.blogspot.com

Thursday, February 24, 2005

Senator Kyl: Make Tax Cuts Permanent

Make The Tax Cuts Permanent
By Arizona Senator Jon Kyl

...The top income tax rate today is 35 percent, but it will rise to 39.6 percent if Congress doesn't act. Other brackets are similarly affected.

A number of studies have shown that people choose to work less as their income taxes rise. The 2004 winner of the Nobel Prize in Economics, Dr. Edward Prescott of Arizona State University, has found that Americans work 50 percent more than the French and that "marginal tax rates explain virtually all of [the] difference." In other words, lower U.S. tax rates are responsible for high U.S. productivity, which has driven our economic expansion.

Failing to make the lower income tax rates permanent would have the opposite effect, discouraging people from working, saving and investing. This is particularly true for the nation's 23 million small businesses, which are by far the greatest beneficiaries of lower individual tax rates because most pay taxes as individuals, not corporations...

Read the full commentary here.


I like Jon Kyl so much more than John "Hillary would make a good President" McCain. I have no idea why McCain is openly embraced by most on the right, and yet Kyl hardly gets any attention (all the camera whoring McCain does sure doesn't hurt). I have no doubt that eventually the rest of the nation will start paying attention to this very intelligent, productive, and CONSERVATIVE Senator. I guess it's just hard for him now because he's often over-shadowed by McCain. Anyway, be sure to read the entire commentary, he makes some very good points.