Verified answer

They aren't.

They increased the wealth of the top 1% without creating any investment or jobs. The tax cuts helped create the boom, bubble, bust of the real estate market.

The tiny rebate to the middle class and poor went to pay bills and put the $4/gal gas in the tank.

The economic mess stemmed from the housing crisis. The tax cuts originally turned the economy around after 9-11 to record highs in the markets remember? The economy crashed because the banks kept giving loans to idiots not worthy of them. They kave helped me out quite a bit. Obama promised he will lower taxes, and if he lets the tax cuts expire he is nothing but a liar! He is also planning a wasteful spending program that all of the democrats will pass. He makes George Bush look a tight wad if you compare spending habits.

definite they did precisely like him and his cronies was hoping they could. • in spite of the financial disaster, the form of millionaires contained in u.s. rose a whopping sixteen % to 7.8 million in 2009. • primary Wall street bonuses for 2009 have been up 17 % in assessment with 2008. • eighty 3 % of all U.S. shares are interior the palms of a million % of the individuals. • sixty six % of the income improve between 2001 and 2007 went to the exceptional a million% of all individuals. • the backside 50 % of income earners contained in u.s. now mutually very own decrease than a million % of the rustic’s wealth.

Wow some real idiot loons answering this question. Reducing the business tax will create more jobs if the idiot loons in Congress would leave it alone and quit adding their pork and pet projects. If you had a business, are you going to build it in Ireland and be charged 12 percent tax, or in the USA and be charged 35 percent tax? We need tax cuts, not spending. Anyone that can't understand that is either brainless or under the age of 16.

This is how they worked:

FEDERAL REVENUES FROM PERSIONAL INCOME TAXES:

2000: $1.1 trillion

2001: $1.1 trillion

2002: $1.0 trillion

2003: $0.9 trillion

2004: $0.9 trillion

2005: $1.0 trillion

2006: $1.1 trillion

(In other words, people received the greatest benefit, in that they paid substantially less in taxes immediately following the cuts.)

FEDERAL REVENUES FROM CORPORATE TAXES:

2000: $550 billion

2001: $560 billion

2002: $600 billion

2003: $670 billion

2004: $720 billion

2005: $840 billion

2006: $960 billion

(In other words, when people had more money to spend, the revenues of corporations went up, as did the taxes they paid on them.)

FEDERAL REVENUES FROM PAYROLL TAXES:

2000: $570 billion

2001: $570 billion

2002: $590 billion

2003: $620 billion

2004: $690 billion

2005: $780 billion

2006: $920 billion

(In other words, regardless of anything else Bush did, he created jobs. The creation of jobs is the only way for payroll taxes to go up if the tax rates remain unchanged.)

We would all be out of a job right now if it weren't for them, so I would say lets have more tax breaks and cut spending..

Good question. They haven't worked. They've simply placated the right-wing in America. Placated them, and fueled the fires of this current economic nightmare.

They made the rich ones more rich - and the poor ones pay for it typically Reps

They helped me. I kept more of my money in my pocket with Bush than I did with Clinton.

When you have to pay more taxes, you'll be whistling a different tune. The tax cuts have nothing to do with what has happened to our economy.