As far as I can see, you're mostly just parroting GOP talking points
Try responding to what I actually write, not what you imagine I might think. This is, in fact, a perfect example of how you can get yourself into trouble by making assumptions about what someone believes. You keep ascribing to me positions that I never expressed.
Does your thinking deviate from current Republican thinking in that you see tax cuts for the wealthy as failed policy insofar as job creation is concerned, and that you are not opposed to allowing those tax cuts to expire?
Whether or not tax cuts for the wealthy have produced the job growth we want isn't really the question we face. The question we face is what will happen if we
raise those taxes again. And I'm not convinced that it will help.
To start with, income taxes are a necessary evil. I don't believe in using them as a means of wealth redistribution. That doesn't mean I don't believe in some progressivism in the tax structure. But I accept that on the basis of balancing effectiveness in raising needed revenues with the harm that taxes do. So the only reason to raise income taxes on anyone is to raise revenue.
But what happened when the Bush tax cuts were enacted? What happened to revenue? Well, between 2003 and 2007, income tax revenue went up from about $1.78 trillion to about $2.56 trillion, about a 44% increase. Now, obviously a lot of factors besides the tax rate enter into that increase. If the economy does better for reasons having nothing to do with tax rates, then we can expect tax revenues to increase because of that, and maybe revenues would have been much higher still without the tax cuts. Inflation also contributes a bit, and so does population growth, though that should only be a few percent each over that time span.
But you're interested specifically in tax cuts for the wealthiest. So what happened to
their income tax revenues? Well, they went up. But how much? Well, the top 0.1% went up from $117 billion to $225 billion, a 92% increase. The top 1% went from $256 billion to $451 billion, a 76% increase. Income tax revenues went up across the board, but they went up
more for the rich than for the poor. A lot more. Lowering taxes on the rich may not have done much to spur job growth, but on the flip side, it didn't lower revenues either, but if it had any affect on revenue, it seems to have increased it. Conversely, I don't expect
raising those rates to do much to raise revenues either. And revenues are the only justification for and the only benefit provided by income taxes.
Everything else they do is a harm. So no, I'm not in favor of raising taxes on the wealthiest at this point in time.
Oh, and
this is the source of my numbers above.
Do you find this to be a drawback when attempting to decide between political candidates?
Nope. I'm sufficiently comfortable with my ability to predict what they will
do. Whether they do the right or wrong thing out of honest conviction or cynical power calculations is quite secondary to me, I really care about whether they do the right or wrong thing.