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scare tactics always work.. rove has mastered the technique..
Guess those tax cuts are working after all!
US Treasury Sets New 1-Day Tax Receipt Record Of $85.8 Billion
Tuesday September 19th, 2006 / 0h04
WASHINGTON -(Dow Jones)- The U.S. government recorded record-high overall and corporate tax receipts on Sept. 15, which was a quarterly deadline for tax payments, the Treasury said Monday.
Total tax receipts were $85.8 billion on Friday, compared with the previous one-day record of $71 billion on Sept. 15 of last year, the Treasury said.
Within the overall figure, corporate tax receipts Friday were $71.8 billion, up from $63 billion in September of last year.
Treasury Undersecretary for Domestic Finance Randal Quarles said Friday's numbers provided a "continuing demonstration of the strength of the U.S. economy."
"In fact, Friday's gross receipts were the largest in a single day in the nation's history - 20% higher than receipts on the same quarterly tax payment date last year," Quarles said in a statement.
-By Benton Ives-Halperin, Dow Jones Newswires; 202-862-9255; [email protected]
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Poll finds rebound in Bush approval
By Jill Lawrence and Susan Page, USA TODAY
WASHINGTON — Amid falling gas prices and a two-week drive to highlight his administration's efforts to fight terrorism, President Bush's approval rating has risen to 44% in a new USA TODAY/Gallup Poll. That's his highest rating in a year.
The poll also showed likely voters evenly divided between Democratic and Republican candidates for Congress, 48%-48%. Among registered voters, Democrats had a 51%-42% advantage.
The results come seven weeks before closely contested elections for control of Congress. Republicans have struggled to overcome problems, including Bush's low ratings, continuing violence in Iraq and the bungled response to Hurricane Katrina.
They also come as terrorism is making headlines: an alleged plot to blow up planes headed from Britain to the USA, the fifth anniversary of the 9/11 attacks, and weeks of focus by Bush and other top Republicans on terrorism and whether Democrats can protect the country.
The new findings reflect "a consistent, persistent, tenacious effort to make ... the Republican Party's ability to deal with terrorism the No. 1 issue in the campaign," said political scientist Richard Eichenberg of Tufts University, who has studied presidential job ratings during wartime. He called it "a carbon copy" of the successful 2004 playbook.
Bush's approval rating has edged up largely on the strength of Republicans coming back to the fold — 86% with him now compared with 70% in May.
Scott Reed, a Republican strategist who ran Bob Dole's 1996 presidential campaign, said GOP fortunes have turned since Labor Day: "This has been the best two weeks Republicans have had since Bush was re-elected."
Democratic pollster Geoffrey Garin said Bush's approval goes up and down with each poll, and the even division of likely voters has been constant for a month. "There's no momentum here," he said. "The story is Republicans at a standstill."
The new poll found likely voters more prone to vote for candidates who support Bush on terrorism, 45%-28%, and evenly divided on those who support and oppose Bush on Iraq. More than a quarter said Iraq is their top concern this fall. For the first time since December 2005, a majority of people did not say the war there was a mistake; the split was 49%-49%.
Bush's terror-fighting techniques drew mixed reviews. A 55%-42% majority supported his policy of wiretapping phone conversations between U.S. citizens here and suspected terrorists in other countries without getting a court order.
But by 48%-41%, people said it would be worse to convict defendants on evidence they are never shown, as Bush wants, than to let some suspected terrorists go free. And 57% said the United States should abide by the Geneva Conventions that bar humiliating and degrading treatment of prisoners; Bush wants to write U.S. standards that critics such as Sen. Lindsey Graham, R-S.C., say would weaken protections.
The Iraq war continues to be problematic for Bush. Six in 10 people said he does not have a clear plan for handling Iraq (two-thirds said the same for Democrats), and 56% said Congress is not doing enough to oversee U.S. policy there.
Three-quarters said Iraq is in a civil war, though the administration says that is not the case. And 58% said the U.S. goal in Iraq and the Middle East should be stable governments; 33% agreed with Bush's aim of democratic governments.
Posted 9/18/2006 11:07 PM ET
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Looks like that expected take-over of Congress by the Democrats is slipping away!
scare tactics always work.. rove has mastered the technique..
So, the federal government scared Americans into paying more taxes by lowering their taxes?
Give Rove a Nobel in economics then.
I always find it funny that administration apologists love to trumpet data like this.
Here is something to consider to put the above information in a better context.
If tax receipts mirror economic growth exactly, then when the economy grows at .0001% per year, EVERY QUARTER WOULD BE A NEW "RECORD".
The other thing is that taxes tend to be "skimmed" off the top. No profit=no taxes.
If you go an extende period of reduced profitability, then you get MUCH lower revenue.
A SLIGHT uptick in the economy leads to large jumps in revenue.
The last thing all of this happy crap ignores is the fact that the overall US government debt is still growing FASTER than the US economy.
Last edited by RandomGuy; 09-19-2006 at 01:28 PM. Reason: hit send button befor finishing
That's alot of taxes for poor people to pay. Those poor, poor people. Glad I'm rich and didn't pay any taxes on Friday.
Tax cut???
I'll let you all know when it comes around to someone like me.
hahaha same here. is getting more expensive and I don't see any tax cuts for me. Bush that mother er
If you make enough to pay taxes, then I'll guarantee that your tax rate is lower now than it was before the tax cuts.
Do you keep your old paystubs? If so, divide the federal withholding by the gross wages; and then do the same thing with your current wages - see if there's a difference.
EVERY tax bracket got a cut, and % wise, the lower the bracket, the larger the cut. So, y'all either never paid taxes before, or you don't know what you're talking about.
Exactly! I make less than $30,000 a year and my tax rate went from about 10% to about 6%. 4% of $30,000 is $1,200 a year - that's $100 a month - and that is significant to me!
Yes I do keep them....and they haven't changed since Bush has been in office.
And really even before that.
I make less than $30,000/yr too....and my tax rate has not changed....period.Exactly! I make less than $30,000 a year and my tax rate went from about 10% to about 6%. 4% of $30,000 is $1,200 a year - that's $100 a month - and that is significant to me!
Unless the company I work for is ripping me off.
The only thing I got extra was about $60/paycheck after I payed my student loan off.....Wages were garnished.....that is a long story.
The only thing I can say is....I have yet to see these "tax cuts".
Then you don't know where to look or from where your money comes. Because, as several people have already told you, everybody got a tax cut. , Many who don't even pay taxes got a rebate.
If you didn't, that's not the President's fault.
Tax cuts without equal concurrent cuts in deficit spending are really just tax deferments. What Dubya gave the rich is just a loan on our money while we pay the interest, since there are millions of more 'lower wage workers', who hardly got anything, but only a few millionaires, who got a lot.
Lower wage workers hardly pay any taxes, so there's not much to get back. Conversely, millionaires pay a buttload of taxes, so they got more back. Simple math Dan!
As a percentage of their wages, lower-wage workers got a whole lot more than the millionaires. , many of them got Earned Income Credit and Additional Child Credits that totalled in the thousands more than they paid in income taxes over the year.
If anyone got a loan on our money, it was the poor and low-income wage earner.
And your reference to deficit spending is a red herring. Tax policy and spending are separate issues. This President, as did Reagan and Kennedy before him, recognized that federal revenues could be raised by setting the most efficient tax rate. He did it and it raised money...a lot of it!
You can talk about spending in another thread but, be prepared to tackle en lements because, that's the black hole down which the vast majority of our federal dollars go.
No Bush Tax cut mean that there is no deficits. No deficit means there are lower interest rates for everybody and more money to spend on tax-cuts for those who much is asked. Simple math Crook.
Okay, that's bull . Kind of negates the rest of your response.
Nbadan, if we took in more money as a result of lowering the tax rate, it couldn't be the cause of the deficits. o? Is anybody home?
It's the spending, stupid!
How do most of the rich make their money? That's right, off the backs of the poor. No poor, no rich. Corporations don't pay taxes, they write everything off with cute accounting tricks that normal citizens would be thrown in jail for taking. So tax cuts should go to the poor, in large margins.As a percentage of their wages, lower-wage workers got a whole lot more than the millionaires. , many of them got Earned Income Credit and Additional Child Credits that totalled in the thousands more than they paid in income taxes over the year.
If anyone got a loan on our money, it was the poor and low-income wage earner.
Yeah, like spending on things like unneccessary wars? The trouble with the Bush administration is, it doesn't know how to say NO! Except when it comes to appropriating money for things like rebuilding N.O..
No, off investments.
No rich, all poor. No rich, no jobs. No rich, no products and services.
I agree that Corporation don't pay taxes. But, as far as cute accounting tricks, that's generally left to the individuals. Corporations avoid taxes by passing it on in the price of goods and services. It's imputed.
And they do. Have you looked at the last tax cut? Those paying federal income taxes is almost less than 50% of all wage-earners. Many of the lower 50% got rebates.
That's all partisan rhetoric.
The vast, and I do mean VAST, majority of federal spending is in the fraudulent and mismanaged en lement programs.
Now compare that growth in receipts to the non-growth of real-income for average americans since Dubya took office and you'll get who's been REALLY PWNNED!PWNNED!!
One way to know that Dan has been caught with his pants down is when he abruptly changes the subject.
No profits, no investments. Record profits for Corporations resulting in higher tax receipts, but not in gains in real wages for normal Americans.No, off investments
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