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Old 12-02-2012, 12:03 AM
 
Location: Tennessee/Michigan
28,197 posts, read 47,592,879 times
Reputation: 19707

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Republicans are vowing to stand firm against a push by President Obama and Democrats to hike income-tax rates on the wealthiest Americans as part of any deficit-reduction deal to avoid the fiscal cliff, a potentially devastating combination of tax hikes and spending cuts scheduled to hit at year's end. Many Americans, especially Tea Party activists, share GOP lawmakers' conviction that their tax burden is already rising to finance social spending and ever-bigger government.

Did Ronald Reagan tax Americans more heavily than President Obama? - The Week
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Old 12-02-2012, 12:10 AM
 
Location: Wisconsin
20,357 posts, read 13,869,641 times
Reputation: 5233
Quote:
Originally Posted by John1960 View Post
Republicans are vowing to stand firm against a push by President Obama and Democrats to hike income-tax rates on the wealthiest Americans as part of any deficit-reduction deal to avoid the fiscal cliff, a potentially devastating combination of tax hikes and spending cuts scheduled to hit at year's end. Many Americans, especially Tea Party activists, share GOP lawmakers' conviction that their tax burden is already rising to finance social spending and ever-bigger government.

Did Ronald Reagan tax Americans more heavily than President Obama? - The Week
All 0bama did was extend the Bush tax cuts, he has never had a tax policy of his own, or a federal budget for that matter.

But then you were asking if 0bam has taxed Americans more, who do you think will have to pay back the $6 trillion in new federal debt? That's right, us taxpayers. So 0bama has essentially extended the Bush tax cuts, and then taxed us $6 trillion in new taxes.
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Old 12-02-2012, 12:15 AM
 
Location: Yakima WA
4,404 posts, read 4,603,729 times
Reputation: 3848
Wapasha is right, it's all about the Bush tax cuts. Ironically many of the people who complain about the "Bush tax cuts for the rich" have no idea their taxes went down too...to the point where they probably pay no income tax at all.
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Old 12-02-2012, 12:15 AM
 
Location: Houston
22,491 posts, read 11,581,681 times
Reputation: 9072
Deficits mean future tax increases, pure and simple. Deficit spending should be viewed as a tax on future generations, and politicians who create deficits should be exposed as tax hikers.
Ron Paul


Of course, Reagan created an economy that did not require neverending stimuluses. This allowed tax increases to lower the deficits. Reagan's deficits helped win the Cold War, Obama's deficits produce nothing but debt.
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Old 12-02-2012, 12:18 AM
 
19,950 posts, read 13,618,931 times
Reputation: 1973
Quote:
Originally Posted by John1960 View Post
Republicans are vowing to stand firm against a push by President Obama and Democrats to hike income-tax rates on the wealthiest Americans as part of any deficit-reduction deal to avoid the fiscal cliff, a potentially devastating combination of tax hikes and spending cuts scheduled to hit at year's end. Many Americans, especially Tea Party activists, share GOP lawmakers' conviction that their tax burden is already rising to finance social spending and ever-bigger government.

Did Ronald Reagan tax Americans more heavily than President Obama? - The Week
The idiocy of threatening tax increases in the middle of a recession like we've been in the past 4-5 years is what bugs us. We all know it's going to make the economy worse...but he still pushes for it. We all know it won't do a dang thing to the debt....but he continues to push for it. The only thing he's doing is scoring points with the bitter clinging poor.
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Old 12-02-2012, 12:25 AM
 
13,312 posts, read 25,542,533 times
Reputation: 20477
When the Bush tax cuts went into effect, I thought it was odd. I mean, who doesn't like a few more bucks, but what was it supposed to do, and at what cost? And when I saw that they expired Jan. 2013, on another guy's watch, that seemd,well, unsporting.
We can't get back the trillions spent on the farce in Iraq and the quagmire in Afghanistan (or undo the damage to the people involved). But we can undo the tax cuts, across the board. They didn't save the economy then, and won't wreck the economy if gone now. That's all the tax cuts, not "just the rich."
What needs to happen is that really rich people shouldn't be able to hide millions in the Caymans and Switzerland and so forth. That's what needs to be addressed "to the rich," not income taxes. But that's another story.
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