Our Platform for Outlining Colorado’s Future

Most Likely Benefits Higher disposable income for individuals and businesses. Increased business investment leads to job growth. Enhanced global competitiveness of U.S. corporations. Stimulated economic expansion through increased spending. Most Likely Costs Increased national debt if tax cuts are not offset by spending reductions. Potential underfunding of critical public services. Rising economic inequality due to disproportionate benefits to higher-income individuals. Short-term economic boost followed by long-term fiscal challenges. Best Objective Criteria for Assessing the Validity of this Belief Economic Growth Rates: Measuring GDP growth before and after tax cuts to assess impact. Job Creation Data: Evaluating employment trends following tax policy changes. Revenue Trends: Analyzing whether tax cuts increase or decrease overall government revenue. Deficit and Debt Levels: Assessing changes in national debt and budget deficits post-tax cuts. Consumer Spending Trends: Reviewi...

Reasons  to agree:  "Obama Could Skip the Class Warfare and Let the Oil and Gas Industry Create Jobs." Fox News. October 3rd, 2011: "President Obama conjured up his favorite boogeyman recently: the oil and gas industry. He reached for it when he released his job creation and deficit reduction package. Despite the fact that the oil and gas industry pays over $86 million a day in income taxes, royalties, bonuses and rents to the federal government, the president claimed that U.S. energy producers have not paid 'their fair share.' The president is proposing an additional $41 billion in new taxes on energy producers. This will result in higher energy prices, more oil imports, and in the end, few jobs in America. No wonder why the economy continues to be mired in an economic funk. President Obama is trying to exploit the misperception that the energy industry earns undo profits, when in fact it earned a net income of just 6 cents on the dollar. That compares unfavorab...

Reasons  to agree: The Bush taxes only helped the very wealthy. The Bush taxes contributed to the US national debt.  John Feehery. "Opinion: Obama’s fatal missteps." The Hill. October 3rd, 2011: "5. Signed an extension of President Bush’s tax cuts: After campaigning against and complaining about George W. Bush’s tax cuts for the rich, Obama meekly signed a two-year extension of those same tax cuts. By reversing course, Obama did three things. He exposed himself as a man who will blink when put to the test. He made the deficit situation much worse. He has not in any way, shape or form put himself in a stronger rhetorical position for his reelection. He is making the same ineffective arguments that he made last year, and it will likely yield the same result." Reasons  to disagree:   Probable interest  of those who agree: Probable interest  of those who disagree: Common Interest Opposing Interest   Images  That agree    Images  That di...