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Originally Posted by bigconig  Thia is the real teller here. Bush's tax cuts for the wealthy were supposed to grow the economy and create jobs. They did neither. Add to that the drunken spending of the GOP for the last 8 years and you have the crap economy we got now. The reality is with all the debt the country has stacked up revenues have to be increased, if that means that a plumber making a 1/4 million a year has to pay a few more bucks than so be it.
According to the tax policy center, Obama's plan doesn't have any real increases until you get over the $600k mark (ironically about the same place McCain's plan starts the real cuts) |
Exactly.
It's insane for anyone to think that after Bush's administration is done that will we not have to raise taxes, much less cut them. After all the tax cuts the rich got under Bush, I'm perfectly happy to let them take the brunt of the tax increases.