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Obama won't raise your taxes? Think again
Here's the quote from Tuesday night's speech - "If your family earns less than $250,000 a year -- a quarter million dollars a year -- you will not see your taxes increased a single dime. I repeat: Not one single dime. (Applause.) Not a dime. In fact, the recovery plan provides a tax cut -- that's right, a tax cut -- for 95 percent of working families. And by the way, these checks are on the way. (Applause.)"
Does Obama mean no tax increase just in 2009? What about next year and the year after that?
Unfortunately, the top 2% of income earners don't make enough money for all the increased spending to come from higher taxes on them.
http://online.wsj.com/article/SB123561551065378405.html?mod=todays_us_opinion
When is Obama going to raise taxes on the rest of America?
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Don't know, don't care. It was absurd in the extreme for the Republicans to believe you could spend like crazy and cut taxes. Even John McCain in his lucid moment told Bush the tax cuts were wrong.
Finally the last people I would listen to for what's good for the whole country is the WSJ.
February 26, 2009 9:49 AM | Reply | Permalink
You are assuming he will and you are asking when? Well, I'm assuming he isn't going to raise taxes on the 'rest of America' and my assumption has just as much merit as yours.
But, if he did raise taxes on the 'rest of America', I would have no objection at all to paying them if it meant that our society would benefit as a whole. Would I pay as much as the guy that makes a cool mil a year? No. But I would pay the same percentage of my income as the millionaire and be happy to hand it over if every citizen in the country would get health benefits and a decent education in exchange.
February 26, 2009 10:00 AM | Reply | Permalink
But but but..... you won't pay the same percentage as a millionaire!!! We already have a progressive tax system in this country. Have you EVER paid income tax?
On top of that, you're going to be paying more than just a straight tax hike on income. He's hiding tax increases everywhere - reductions in itemized deductions, increased energy payments because of cap'n'trade, etc, etc.
As for your "benefit society as a whole", why wouldn't you just be honest and call it for what it is - benefit one part of society at the expense of another?
February 26, 2009 10:20 AM | Reply | Permalink
How did you get "benefit one part of society at the expense of another" out of "benefit society as a whole"?
When I type "benefit society as a whole" that's what I mean. There isn't any need for you to decipher my words unless it was for the express purpose of twisting them.
February 26, 2009 10:39 AM | Reply | Permalink
"Society as a whole" is but a figure of speech.
Specific individuals, living people, make up a society.
Unless you admit that some people will benefit at the expense of other people, you claim makes absolutely no sense.
I have no problem with the notion of majority benefiting at the expense of minority, let's just call it what it is.
February 26, 2009 11:14 AM | Reply | Permalink
Okay, what I'm getting is you just didn't like the way I said what I said. Well, I didn't much care for the way you said what you said, either. But, I'm over it now and I'm moving on.
February 26, 2009 11:28 AM | Reply | Permalink