Hubert Hoover raised taxes
Posted By: Chele on 2008-10-21
In Reply to: Has McCain really served this country - gourdpainter
during an economic recession and that lead to The Great Depression. Obama is the one wanting to raise taxes here. He wants to raise taxes on companies who are already hurting right now because of the financial crisis. This will lead to less jobs and more companies closing and going out of the country. FDR introduced several new deals which were government assistant programs that were supposed to help people during the great depression and those new deals have actually been proven to lengthen the duration of the great depression.....not help it. Obama wants to introduce new government assisted programs. To me....Obama will be the absolutely worst thing for this economy.
As for Sarah Palin....at least she has run something which is more than I can say for Obama. He may have been a community organizer but the buildings in his region that were for low-income families, like the ones owned by Rezko, were often without heat and were horrible living conditions. Sarah Palin has run a state where she is very popular. She has cut spending in her state. She has no problem standing up to her own party. These are very admirable things. Yes, Obama has been on the senate but he hasn't been on there very long. His experience of running things and making executive decisions is seriously lacking. Instead of cutting back government spending, he wants to raise our taxes. Gee....that sounds like change, huh. A man looking out for us little people.....whatever. Obama has never once stood up against his own party. His own running mate said he didn't have the experience. The amount of pork Obama has spent government money on is just outrageous. The key to this whole thing is to get government under control and stop the spending.....not let government get bigger and control more of OUR money.
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I think that was Hoover.....(sm)
A chicken in every pot and a car in every garage.
I agree that the trickle down thing hasn't worked. What that did was put more money in the hands of the people who already had money. Instead of creating jobs with that money, they invested or spent it, thereby staying in the top 2% with no benefit for the average American at all.
Obama's plan at least puts that money in the hands of the people who need it. No, it may not be that much, particularly at first. It may just cover that chicken in the pot, but that chicken is more than you started out with.
So, I think the real question is -- are pubs willing to just keep giving that money to the top 2% -- that would include those CEOs everyone's been talking about like dogs -- or would they rather have that money in hand. I don't see why anyone would want to fight this given the fact that Reaganomics has obviously failed so miserably.
Yeah....and in 1929 Hoover was President....
NOT Roosevelt. He got it ALL wrong.
Awesome. Taft, Harding, Coolidge, Hoover
Eisenhower, Nixon and Ford all bigtime republican socialists! Who knew?
Obama's scary Hoover-Style Tax Hikes
March 2nd, 2009 5:17 PM Eastern
Obama’s Scary Hoover-Style Tax Hikes
By Phil Kerpen
Director of Policy, Americans for Prosperity
The composition of the tax hikes in the 2010 budget is frighteningly similar to the Revenue Act of 1932, the much-maligned Hoover tax hikes that put the “Great” in Great Depression by putting an enormous tax burden on millions of Americans, largely through excise taxes. These taxes, raised even further by FDR, were justified by the promise that the funds would be returned in the form of relief programs, which is to say that some portion of the tax revenue, after administrative costs in Washington, would go back to the states with strings attached, often to further political rather than economic objectives.
As the table below shows, the Obama budget blueprint, like the 1932 act, is split mainly between broad excise taxes and income tax hikes on high income earners. Unfortunately, there were no 10-years projections back then, so I had to use one year numbers, but it’s still an interesting comparison.
link for table.
http://foxforum.files.wordpress.com/2009/03/kerpen_chart1.jpg
The 2010 budget assumes, probably correctly, that the only way to generate a big revenue increase in the face of severe economic weakness is to use a tax mechanism–the excise tax–that is collected in relatively small increments across millions of transactions made by Americans of all income levels. That is a direct lesson of 1932, when the income tax on the rich–then the only people who paid income taxes–was raised to capture as much revenue as possible before high-income earners fled the country or stopped working. Then, as now, that amount was about 0.3 percent of GDP.
Excise taxes did most of the revenue work in the 1932 act, including excises on everything from trucks, tires, jewelry, chewing gum, and soft drinks to gasoline and electricity. Those last two are especially interesting in light of the carbon cap-and-trade proposal in the 2010 budget, which is a DE facto excise tax on those items as well as every other energy technology that relies on the most affordable energy sources: natural gas, oil, and coal.
Despite President Obama’s promise that “If your family earns less than $250,000 a year, you will not see your taxes increase a single dime. I repeat: not one single dime,” his new budget raises 45 percent of its revenue from energy taxes that will be paid by everyone who fills a gas tank, pays an electric bill, or buys anything that was grown, shipped, or manufactured.
While the overall tax hike is smaller than 1932 (0.9 percent of GDP versus 1.6 percent of GDP) and the excise/energy component is only half the size (0.4 percent of GDP versus 0.8 percent of GDP) there is every reason to believe that the bite of the cap-and-trade tax will increase considerably beyond the initial projections, making this plan even more resemble 1932.
The cap-and-trade provisions are designed to get much, much more expensive over time, making the total impact hard to quantify but likely to be as or more expensive than the 1932 Revenue Act. In fact, Obama’s version of cap-and-trade is much more expensive than last year’s already outrageous Lieberman-Warner bill, mandating emissions cuts of 83 percent versus 63 percent in last year’s version.
I didn’t include the death tax in the chart, because there was no revenue estimate for it in 1932, but that’s another eerie parallel. In 1932 the rate was hiked from 20 percent to 45 percent, and in 2010, under Obama’s proposal (which is hidden in a footnote in the budget) it will go from zero under current law to that same 45 percent rate.
If we continue down a path of repeating the policies of the 1930s we risk a repeat of the same results. Let’s hope Congress has the good sense to say no to these Hoover-style tax hikes.
Phil Kerpen is director of policy for Americans for Prosperity.
You mean like his mom and grandmother who raised him?
su
This is the question being raised? Where would
nm
Recruitment is low because they RAISED their quota. And, they
x
from his teens on he was raised by maternal
I just read he was raised by his maternal white grandparents from his teen years to adulthood and all thru college....
But that's not what I meant.....I meant when he is campaigning (I should have made that more clear in the last post) - in every state - I see a predominance of white people. I do not believe white people are a majority today and if so many like/love Obama, how come from state-to-state I MAINLY see whites? Again, this is strictly a curious question and not the least bit racist intended........I'm white....
I know black people who are voting for him, personally and famous, voting for him - but on TV and in the campaign only state-to-state, I only see whites...
She has raised most all her kids while in some form...
of public service. I think she is fully capable of raising this one. I see no evidence to the contrary.
Come on now...are you saying that if the Obamas had a down's child and he was elected that Michelle should just stay in the white house and raise him and not do what the first ladies normally do? They travel, they give speeches, yada yada.
Palin's husband will be of help. It's not like she is going to be in DC, just she and Trig with no help whatsoever.
Yes, he is a down's baby, but he is perfectly healthy in every other way.
Well, so far the Dems have raised as issues...
Sarah palin's pregnant daughter and her pastor. Anyone who talked about obama's pastor got sliced and diced. Talk about gutter politics. And glaring double standard.
Whatever Palin is, she is NOT a Marxist/socialist, and it is patently obvious the change Obama wants...as David ALinsky stands by and cheers.
In reply to the concerns you raised.
My first reaction when reading your post was one of curiosity. I was an IC during the latter Clinton years and I do not recall paying 40% of my earnings to tax. What I remember was an aggregate tax payment composed of income tax, social security tax and self-employment tax, which essentially represented a burden I shouldered as an IC that compensated for the lack of employer contribution to SS, Medicare and FICA. To my knowledge, this tax structure has not changed since then for ICs. I also remember paying my taxes quarterly, and being responsible for calculating enough tax not only to cover my required amounts, but also to pay in extra each time if I wanted to generate a return at the end of the year. I made a decision NOT to be an independent contractor because I was a single parent with a mortgage. The self-employment levy felt like double tax to me as compared to what I had been accustomed to as an employee and, most definitely the total percentage of tax burden as an IC was greater than that of a full employee status.
On checking my returns from those years (which I still keep in the house) I find the total tax burden I had for all the components of my tax liability amounted to 27%. I am wondering if you did not get a return back then because you did not contribute more than the minimum rate during the course of the year and that later on, your contributions did allow you to have a return. Also, to account for the lower rate during Bush years, did your family situation change between Clinton years and Bush years, did you get married, have children, add an earned income tax credit deduction, add dependents, start itemizing your taxes. All these changes would account for a lower percentage rate of your tax liability, thus allowing for a return.
I am also wondering why you would look back instead of forward when assessing the issue of whether or not you will be "taxed more." Have you read Obama's tax plan? If not, please go to this link and take a look. http://www.barackobama.com/issues/economy/#tax-relief
Essentially this is what you will find (please excuse the format challenges of cut and paste).
Provide Middle Class Americans Tax Relief
Obama will cut income taxes by $1,000 for working families to offset the payroll tax they pay.
• Provide a Tax Cut for Working Families: Obama will restore fairness to the tax code and provide 150 million workers the tax relief they need. Obama will create a new "Making Work Pay" tax credit of up to $500 per person, or $1,000 per working family. The "Making Work Pay" tax credit will completely eliminate income taxes for 10 million Americans.
• Eliminate Income Taxes for Seniors Making Less than $50,000: Barack Obama will eliminate all income taxation of seniors making less than $50,000 per year. This proposal will eliminate income taxes for 7 million seniors and provide these seniors with an average savings of $1,400 each year. Under the Obama plan, 27 million American seniors will also not need to file an income tax return.
• Simplify Tax Filings for Middle Class Americans: Obama will dramatically simplify tax filings so that millions of Americans will be able to do their taxes in less than five minutes. Obama will ensure that the IRS uses the information it already gets from banks and employers to give taxpayers the option of pre-filled tax forms to verify, sign and return. Experts estimate that the Obama proposal will save Americans up to 200 million total hours of work and aggravation and up to $2 billion in tax preparer fees.
It also might be worthwhile to check out the plan on the economy here
http://www.barackobama.com/issues/economy/
Scroll down to At a Glance and browse the links of interest to you.
Here's the link for healthcare
http://www.barackobama.com/issues/healthcare/
Again, scroll down to At a Glance and select links of interest.
I have provided Obama website links because you expressed doubts about democratic policy. McCain's website also should have similar information available on these issues as well for your comparison. After reviewing the information (if you were not already familiar with it), ask yourself where the information is coming from that is making you fearful that your taxes will be raised. I would really be interested in any response you may feel inclined to post in this regard. On a personal note, I will not be trusting McCain with the economy or with handling my HARD EARNED tax money. I do NOT want one more single penny to be used to fund the war, bankroll Israel's apartheid and nuclear weapons arsenal, prop up our struggling corporations or trickle up into the pockets of the richest among us in the form of continued Bush tax cuts to the rich, which McCain has openly stated he will continue if elected.
So what? I know people that were raised as practicing -
witches. Doesn't mean they're all gonna drop a house on someone.
He was raised by his "white" grandmother.
x
Congratulations, you have obviously raised your daughter right.
xx
Born and raised in Chatta
Left there years ago but still visit some, went to high school there, Red Bank. I still get the News Free Press on line to make sure everything on the up and up there.
My children have always been raised with boundries . . . s/m
and consequences, and that's why they are exceptionally ethical, compassionate young adults, straight-A students, and, in general, wonderful human beings well on their way to being productive, responsible grown adults. I am their parent first, always. I have instilled them with the information and tools to make wise decisions, and this seems to be working well for me and them.
Well my son is being raised in an all white family (stepdad)
I don't know how Obama was raised but maybe it has something to do with it.
and he was raised by his radical islamic stepfather
Be very aware..........
and if his wife is a member of the CFR - trust me, he's involved too.....
New World Order - New American Century - Skull and Bones - read up on it.........
You're confused - she was raised in Idaho
x
I was raised by very conservative, strict parents. - sm
But once you get beyond high school, and into college or out into the working world, you meet so many different kinds of people. I'd be lying if I said I got along with all of them (or even maybe most of them?) But in my own experience, beginning back when I met the first gay person I ever knew (he had his own horse, and he let me ride it all the time), my personal friendships have been good ones. I wouldn't trade any of them for anything, and feel sad when I think they sometimes have to live certain aspects of their lives as ƈnd-class' citizens. Especially when each and every one contributes so much to society, and to life in general. So I really have no idea, as well.
I am not afraid of a black man raised by whites. sm
Flame away, but.....What I AM afraid of is people who cannot see the forest for the trees, those who are so bamboozled by his smoke and mirrors and snake oil, how this "black man raised by whites" is going to pay for all the pie-in-the sky promises he is making. We all know socialized medicine does not work. Look at all the Canadians coming here for their medical procedures etc. How much money can he take from the "have's" to give to the "have not's?" So if I make over $250K, then I have to give money to somebody who doesn't work and will never work? And don't even get me started on his stand on the abortion issue. Conversely, McCain does not have all the answers either. I don't know who would or who does, but I do know this: It is not Obama.
Please address the 4 key points raised in terms of
x
Suggest independent researching of the issues raised here...
they are valid and should be looked at. Thanks for posting.
Obama raised as practicing Muslim - see link
This is not in ancient times. He was a practicing Muslim as an adult. Question is, is he still a practicing muslim hiding as a Christian. See link.
http://americanpowerblog.blogspot.com/2008/06/obama-grew-up-muslim-half-brother.html
Raised by a Muslim father and Christian mother
It is a crock, it was refuted. You live in a very small world with no understanding of other cultures. That picture shows me that when he returned to Kenya to meet his father's family, he put on clothing that other Kenyan men wear...Christians and Muslims alike. When I lived in the Middle East with my husband and his family, I wore Hijab and covered my head out of RESPECT for them and for the people whose country I was visiting. Respect obviously is a foreign concept to you. Christiane Amanpour is a Christian who travels to the Middle East and when she does, she covers her head and wears hijab, like she did when she made God's Warriors. Barbara Walters wears a head cover when traveling in the Middle East. She is a Christian. I will not waste my time citing any other examples to support my claim that you are so small minded, bigoted and misinformed it borders on the criminal.
Whatever. How about addressing the actual issues I raised in my post for a change? (NT)
/
What available information suggests Sarah palin's children will be raised...
by a succession of nannies?
Those are ethnic Alaskan names, part of her heritage and where she was raised...
do you REALLY want to get into a discussion about ethnic names when your candidate is named Barack Hussein Obama?
Can we please dump this ridiculous issue? He was named because his parents were proud of their heritage. So are Sarah Palin's children.
Good grief!! Unbelievable!!
Honey chile, I was bred, born and raised in the deep south. LOL
THE NAME IS HERBERT Hoover HERBERT
SOME WEIRD SPELLERS ON THIS BOARD
He was born to a Muslim father and raised Muslim
for a time. You don't get to choose to drop out of that religion. Doesn't matter if you were born into it and didn't choose it to begin with. Leaving earns you a death sentence, especially such a public conversion to another religion. Why does he get to be a Christian now and nobody in radical Islam is calling for his head on pike? Unless.......
You won't pay more taxes
The fact of the matter is McCain's tax proposals are the same as Bushes - he wants to make the tax cuts for the rich PERMANENT. Therefore, the burden of taxes falls on the backs of the middle class. Yes, I worked for Children Services - by taking in foster children and adopting hard to place children the parents receive quite a few entitlements - that is true. (I'd rather work - I saw how hard it was to raise "damaged" children). I had a weekend foster child, as a single mother, with my own 2 children and custody of my neice and never applied for food stamps, medical care, etc. My husband took off and dodged state-to-state to avoid paying childsupport. How we managed, I guess it was just easier then. Obama's tax plan does not include YOU at your tax bracket - you will benefit from his plan - are you benefitting from Bush's? I know we aren't. I'm not asking for pity. 1 out of 3 people will get cancer. I paid for my disabiity insurance and I am still fighting for my benefits (they play games and lie to delay payments), so I will scrap aluminum and do whatever I have to in order to keep food on the table. I'm not lazy. I worked hard raising my children by myself, bought my own home and did not remarry until my kids were adults. I had to write to state representatives in order to get my insurance disability to MOVE. I have written my state representatives before when my ex-husband was dodging child support. I learned to lean Democrat while working at Children Services and also by all the things I learned in college. Those dem state reps helped me and even called me at work to ensure the Bureau of Support was doing their jobs. How can I argue with that? Please read the issues on both candidates and don't believe everything you hear on the news and read on this board. McCain's attack ads are lies and that's sad as we considered him when he ran against Bush. Now he is just another Bushie.
Taxes
mCcain gives back rich. Obama to give back to middle class. Simple as that. I have never attended any institute of higher lurnin so that makes me sure I am right. Too much knowledge a dangeris thingie.
More about taxes...
My personal taxes (single renter w/no dependents) WERE higher under Clinton, but there was only ONE reason for that: I was making a LOT MORE MONEY BACK THEN.
That's when my MT paycheck was at it's highest ever, about$40K per year. Since then, my income has gone down (thanks in large part to nobody in Bush's term in office doing diddly to stop the hemorrhage of our jobs out of the US & off to India, Pakistan, Philippines, etc.
And to make things worse, these same companies selling our livelihood down the river were getting REWARDED monetarily for doing so.
So now, I make half of what I made during the Clinton years. (About $20K/year, for doing about twice the work.) Retirement is now almost a virtual impossibility, thanks to the tanking of our stock-market-driven 401K not only after 9/11, but today as well.
I just hope, if we end up with 4-8 more years of this greed on Capital Hill, and throughout our nation's corporate world, that everyone gets used to paying for those who will have nothing. If I lose my job and/or health insurance, then I, too, will be contributing to the money-pit that hospital emergency rooms have become (and which is why they're closing one by one), because that's where I, too, will have to go for my medical care.
Taxes
McCain will raise taxes too. How else is he going to fund his wars? Not to mention Bushes bail out of his cronie Wall Streeters, never mind that those execs collected millions in bonuses before they ran the companies into the ground. We taxpayers are left to pick up the tab. If Obama sticks to his guns he won't raise taxes on MOST of us, certainly not me, as I don't come close to an income over $250,000 per year...wish I did, I'd be happy to fork over a few extra tax dollars.
taxes are taxes
you don;t get to chose where your money goes. Only United Way does that.
that would still be taxes... nm
x
Even more taxes for us
So Obama plans to let the Bush tax cuts expire. That equates to more $ from our pockets, just in a different form. If that's not bad enough, see below--and Snopes is leftist, so they wouldn't publish this unless it were true. They probably cringed as they posted it. Y'all must be making some huge bucks at MQ to want even more $ taken out of your checks. If so, then why all the griping about lost wages? Can't have it both ways!
Date: Monday, October 6, 2008, 12:00 PM
We could resolve this financial crisis by CLOSING the books on the fourteen listed programs..............WHERE IS THE CONGRESS???
Read this! It will open your eyes for sure!
Don't miss the Total at the bottom.
WONDER WHY YOU DON'T HEAR MUCH ABOUT THIS IN THE DEBATES. NONE OF THE
PEOPLE THAT RUN THE DEBATES (TV NEWORKS), WHO ASK THE QUESTIONS WILL
ALLOW THIS TYPE INFORMATION
TO GET OUT TO THE PUBLIC.
THE DEMOCRATS AND THE REPUBLICANS GO HIDE WHEN THESE QUESTIONS ARE
ASKED, WHY? WHAT COSTS MORE PER YEAR THAN THE IRAQ WAR?
Answer: Illegal Aliens Cause Massive Cuts For US Seniors. I hope the fo llowing 14 reasons
are forwarded over and over again until they are read so many times that the reader gets sick
of reading them. I have included the URL's for verification of the following facts:
1. $11 Billion to $22 billion is spent on welfare to illegal aliens each year. http://tinyurl.com/zob77
2. $2.2 Billion dollars a year is spent on food assistance programs such as food stamps, WIC, and
4. $12 Billion dollars a year is spent on primary and secondary school education for children here illegally
5. $17 Billion dollars a year is spent for education for the American-born children of illegal aliens, known as
10. The illegal aliens in the United States have a crime rate that's two-and-a-half times that of white non-illegal
11. During the year of 2005 there were 4 to 10 MILLION illegal aliens that crossed our Southern Border also,
as many as 19,500 illegal aliens from Terrorist Countries. Millions of pounds of drugs, cocaine, meth, heroin
12. The National Policy Institute, 'estimated that the total cost of mass deportation would be between
14. 'The Dark Side of Illegal Immigration: Nearly One Million Sex Crimes Committed by Illegal Immigrants
In The United States'. http://www.drdsk.com/articleshtml
Total cost is a whooping... $338.3 BILLION A YEAR!!!
If this doesn't bother you then just delete the message, but on the other hand, if it does raise the hair on
SEND THIS TO ALL YOU KNOW. THE ENTIRE POPULATION OF THE UNITED STATES NEEDS TO
KNOW THIS INFORMATION, UNLESS THEY DON'T MIND SHARING THEIR SOCIAL SECURITY WITH
ILLEGAL ALIENS WHO DIDN'T PAY A DIME.
LET US SHOW OUR LEADERS IN WASHINGTON 'PEOPLE POWER' AND THE POWER OF THE INTERNET.
IT DOESN'T MATTER IF YOU ARE REPUBLICAN, DEMOCRAT OR INDEPENDENT! KEEP IT GOING.
Taxes
Would I have a yearly capital gain of $250.000.--, I would GLADLY pay more taxes, actually only 3 percent more.
40% of that 95% DON'T pay taxes...
where is all the money coming from to pay for all of his programs?
Everyone has to pay taxes, sorry
That's the way it works in our society. It's been backwards for years with the rich getting all the breaks. If you make a lot, you pay more. What is wrong with that?
I doubt that YOU have to worry about it mtstar.
No, we don't need more taxes
but we're gonna get 'em anyway regardless of which one is elected. How else is that 700 bil bail-out gonna get paid back?
I pay taxes
and I need a break. I know plenty of others are in the same boat also. It's not like only rich people pay taxes. Come on now.
Many of those wealthy people have gotten there by taking advantage of lowly workers who can barely pay fundamental bills. How many times are people on this board bi+c#ing about working harder for less and our jobs going to other countries!
Have you tried to get a new job lately? Multiple rounds of testing and endless interviews to the point where you'd think you were trying to get a CEO position ... when in reality it pays barely over minium wage. pRIcEleSs!
Not all of us poor people aren't working hard or are blowing money on extravagance!
Taxes
Well, then, maybe you'll appreciate the tax break you will see under his administration.
Sin taxes.........sm
I understand the brewers' outrage, but "fair is fair." Smokers have been taxed out the wazoo on cigarettes and they are about to go up another $0.61 per pack as a means of paying for Medicaid. Personally, I don't think it is fair to tax any particular class of person based on their habits to fund government spending. What's next? A tax increase on knitting needles or perhaps scrapbook materials?
Regardless of where the taxes
come from (state or federal) they will still rise because of the cap and trade Obama wants to institute. IMO, still his fault because he said himself during his campaign that this would make energy costs skyrocket. He knows instituting cap and trade will raise costs for all consumers. Why do some people continually give Obama an excuse for everything. Nothing will ever be his fault. He is so perfect and wonderful and who cares if he does something that will end up raising prices on utilities, gas, groceries, etc. Not like are economy is suffering or anything or that people are barely getting by. But hey.....Obama is such a great guy...gosh darn it.
So maybe if we don't pay our taxes, the gov't. in
If so, count me in! This year the gov't. is probably only going to get a note from me saying to bill it to AIG. They can afford to pay my share.
Taxes......
Obama’s plan would raise fuel prices by 6% and power prices by 7% on average in 2012...
you think that ain't a tax? This is on the average U.S. citizen of which I assume you are one of? You don't mind paying more for your power so you can continue to work making less and less?
And that is just the beginning....
Taxes, foreclosures, the Dow...sm
Home sales and foreclosures are up!
I hope dems do raise taxes on the rich, the million dollar and up club. I am a supporter of the flat tax. 10% (or whatever number that makes sense) across the board. Even Bill Gates other mega millionares have said themselves that the tax breaks they have received of late are unneeded.
The Dow Industrial. Now, this to me is a joke! When you have a sister and friends lose their job due to factory downsizing. Two more factories completely move overseas for lower overhead costs leaving 500+ people with no jobs. Of course the companies' stock is doing good, but now I'll ask you what does that mean to regular Joes?
Unemployment. We are doing good on that. Most everyone who wants a job is able to find work in my city. May not pay much of anything, but there is work nonetheless.
taxes, foreclosures, the Dow...
The Dems will not raise taxes on the rich. In case you had not noticed, most of the Dems in Congress ARE the rich. I am also a proponet of the flat tax; however, the Dems will never pass that either because the very low income folks will squeal (stating 10% of 10,000 hits them much harder than 10% of several million for millionaires) and it is the very low income folks who keep voting the Dems in. although those same who will complain about 10% of $10,000 also get so muuch in aid they end up better off than most hard working middle class families because of entitlements, also a Dem product, that the Dems tax the rest of us (you included) to provide for these folks so they will continue to vote for the Dems. Pretty good for Dems when it works. Trouble is, it benefits the rich club Dems and pretty much shafts the rest of the Dems, and why they can't see that is a source of wonder for me. The Dems act like rich people are the only people that got tax cuts. I don't know about you, but I brought home more on my paycheck after the Bush tax cuts. I know that the marriage penalty removal helped a LOT of people. But the Dems want to roll that back, because that was a moneymaker for them to put out in more entitlements. You should really look into what is going on before deciding that more taxes are a good thing, because trust me, it will NOT be just on the millionaire club.
As to the Dow, you better hope it stays up. Because the Dow are all the companies all over this great nation who employ many of us. Factory downsizing was slowed way down by those horrid Bush tax cuts. Factory downsizing has happened since the beginning of time and will always happen. If the Dems roll back the Bush tax cuts, stand back. You can look forward to a lot more.
Yes, unemployment is at record lows. If Dems roll back the Bush tax cuts, look out. Because medium business, mom and pop businesses, small folks who employ a LOT of people in this country will have to cut back again. Look for it to rise if tax cuts rolled back.
Stealing taxes
Actually, I had the same thing happen. I know you're mad. So am I. But you absolutely must remember the core truth -- the reason you had a tax bill that was more than your fair share and more than you could come up with by April 15th in the FIRST place was because democrats are leaning on you to fund the vote-buying giveaways with YOUR labor, YOUR income which they believe to be theirs. You are supposed to thank democrats for what they LEAVE you with, not grumble that they enforce their sick idea of social justice and obligation on people who actually get up in the morning and go work. I did the math. I had some of their constituency who are sucking on the government teat live with me for a homeless few months. I will never do that again. We are rapidly approaching a point in this country where half the country is living free off the other half. This economy will collapse when more than half live off less than half. Meaning me. And you. Remember, that you will never qualify for any government benefits under democrats because you work. You will however, qualify for their giveaway program, just not as a givee. At least the Republican plan is to share the burden of common needs (roads, defense) and let people who work hard keep as much as possible. Don't get me wrong. I am no lover of that RINO capitulator our party is running. He's made good press and put forth his false front of courage and honor, but every time he has had a chance to take a stand since he got into politics, he has compromised with the socialists. Please don't forget -- Socialism has failed everywhere it's been tried and it always will. Nonconfiscatory capitalism works. Unfortunately, we don't have that in America anymore. But we do have socialism. All socialist economies eventually collapse to third world status unless they are coupled with a political system of tyrrany and fascism. Please don't vote for the communists.
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