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Tax increase? A rose by any other name ....
Posted by: McQ on Friday, March 14, 2008

Call it whatever you want, but the price of government is going up by over half a trillion dollars in the next 5 years if Democrats get their way:
The Senate on Thursday rejected the idea of renewing many of President Bush's tax cuts as all three major presidential candidates interrupted their campaigns to vote. The House approved a budget blueprint that would raise taxes by $683 billion over the next five years.
And when you hear Clinton and Obama on the campaign trail telling the middle class how they want to give them a tax cut and feel their pain, hooting and hollering "that's nonsense" is authorized:
Obama and Clinton both promise to reverse Bush's tax cuts for wealthier taxpayers, but the Democratic budget they'll be voting for would allow income tax rates to go up on individuals making as little as $31,850 and couples earning $63,700 or more.
More of that "change" we're "hoping" for, no? With these votes, it is obvious what change they're hoping for.

Yours.
 
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Comments
I wouldn’t mind an increase in income taxes if it were temporary and concurrent with a drastic reduction in expenditures, thus allowing very large sums to be used to pay off the frightful debt that the general government has accrued. That would probable never happen, of course, unless principled men with no inclination toward being reëlected were elevated to occupy a majority of federal offices.
 
Written By: Paludicola
URL: http://www.vikinghats.com
I wouldn’t mind an increase in income taxes if it were temporary and concurrent with a drastic reduction in expenditures, thus allowing very large sums to be used to pay off the frightful debt that the general government has accrued. That would probable never happen, of course, unless principled men with no inclination toward being reëlected were elevated to occupy a majority of federal offices.
Surely you dont mean for us to stop "progress" to pay off these debts we scream about every day do you? hogwash!
 
Written By: josh b
URL: http://
They’re not increasing taxes, McQ. They’re just rolling back the Bush tax cuts, which after all favor the wealthy, while putting women and minorities at greater risk of chlamydia.
 
Written By: Jeff
URL: http://
What Bush tax cuts? That money has been spent. The bill is coming due. Do you really advocate not paying it? As this very blog has reminded us in the past, ain’t no such thing as a tax cut without a spending cut. Every penny the government spends has to be raised in taxes sometime, someway. If Bush didn’t cut spending then he didn’t cut taxes, just shifted and delayed them.
 
Written By: Retief
URL: http://
Think "Carbon Credits" charged on everything to reduce greenhouse gases (which will bring in new revenue), while politicians can claim "no new taxes".
Remember the "Al Gore internet/phone tax"? It’s still on every phone bill, isn’t it?

And I wish someone would explain the economy impact of the US Bonds that China owns when they come to maturity. Will we have to default on those?

Everyone wants a smaller better run government, but no one in office is willing to close down any of the services that government funds with our tax dollars.
 
Written By: Chevy Rose
URL: http://sleeplessmind.blogspot.com

 
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