Quote:
Originally Posted by justplugit
That's only because the Bush tax cuts were extended against his wishes.
Unless Obamacare is defunded or repealed we will be working 7days
a week for the Government to pay our taxes.
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The only part he didn't want to extend was the tax break Bush made for incomes over 250000 or so. He wanted them to go to the rate they were in the 90's. Many very smart economists have said that those tax rates from the 90's are reasonable and would be much better for the economy than the current rate of debt growth. The republic party prevented a return to the tax rate of the 90's. So the debt grows, aid to the states is reduced (as Scott points out) and the economy still stalls as is has since those tax rates were inacted. For 8 years the republicans grew the debt. The Bush tax cuts for the wealthy never boosted the economy as Bush said they would. He was re-elected. Now people are screaming about Obama for TARP that Bush created. the one thing he has done is the health bill, which in the end may not cost much more than it currently costs to pay for uninsured peoples health care, which we already do. Lastly, I could give 2 shts if a 6 pack of beer costs a bit more cause of taxes. I would feel the same way if I smoked. Obama has not raised income or payroll taxes, he has cut them. I will revisit this thread in another year and we can discuss it then. As you said Scott, I will just wait
Until then, I will pay a few extra cents on my locally produced American made Southern Tier IPA without any complaints and order my 1 oz needles over the internet from MA and forgo state tax
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