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If Democrats think JFK is so great, why don’t they listen to his advice on tax cuts?

If JFK was alive today, I truly think he’d belong to the Zell Miller wing of the Republican Party.

So they New York Times is reporting that the federal deficit is down lower this year:

The Treasury Department reported on Friday that the government produced a deficit of $157.3 billion for the budget year that began last Oct. 1.

In the beginning of the article however, the Times reports this little fact:

The federal deficit so far this budget year is running sharply lower, driven by record revenues pouring into government coffers.

It’s no lie that many economists and political pundits credit the Bush tax cuts as the main reason why the United States is experiencing steady economic growth, especially on the heels of recent terrorist attacks, natural disasters, and political deadlock. Nobody denies (except for liberal Dems) that supply-side economic policies have helped to spur the economy, producing more incoming revenue for the federal treasury.

While record revenues are a good thing for a Congress and a president who want to throw our money away like drunken jailors, many conservatives are also hailing record revenues as an accomplishment for this president and the former GOP-controlled Congress. This I don’t understand.

The ultimate question is thus: Why are we celebrating the federal government taking more of our money than at any time in the history of our union?! This is something that doesn’t strike me as a good thing, yet many advocates of limited government and low taxes are excited by this. Since when was it a good thing that a nation’s goverment has taken more citizens’ money than any other government in the history of the world?! The founding fathers put their lives on the line against George III for many smaller outrages than this; they would be ashamed.

In my opinion, it is time for a renewed mindset about taxes, especially in conservative circles. We don’t just need to cut the spending, we need to realize that the more money government takes, the more freedom we risk giving away, including our freedom to spend, save, or otherwise invest. The free market works and government must keep its hands off the economy, including the money we give it.

Democrats are not ruling out raising taxes for the wealthiest people to help pay for tax cuts for middle-income families, House Speaker Nancy Pelosi said.

-Snip-

“As we review what we get from … collecting our taxes and reducing waste, fraud and abuse, investing in education and in initiatives which will bring money into the Treasury, it may be that (repealing) tax cuts for those making over a certain amount of money, $500,000 a year, might be more important to the American people than ignoring the educational and health needs of America’s children,” Pelosi, D-Calif., said in an interview aired Sunday.

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Here are the problems, Madam Speaker, with your way of cutting taxes:

First, repealing Bush tax cuts on the highest earners really doesn’t do anything for you except penalizing rich people for simply being rich. Second, it undercuts productivity and initiative to put toward wealth creation and investment of capital for those in the highest tax brackets. Third, higher earners who run businesses may have to cut back on workers, wages, investment, and possibly raise prices on products they sell. This passes the cost unto the “middle-class” consumer you’re so interested in protecting and ends up putting an indirect tax on them. This fact goes for not only the so-called “rich,” but also corporations, especially those your party is targeting like oil companies.

You want to cut taxes Ms. Pelosi? Here’s an idea - introduce a flat tax as they have in Russia and some South American nations. There won’t be anymore class warfare in regards to taxes because everyone will pay their proportion. Revenues will rise to the U.S. Treasury, helping to offset and pay the deficit. You on the other hand, will receive all the credit from conservatives for reforming the system and would truly make the United States a better country to live in.

But Ms. Pelosi, you’re a leftist, so you really have no clue how to give the government back to the people. All you care about is increasing your power in Washington and taking more of my money. I can’t wait to vote against your party in 2008.