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Re: Get Ready for the Biggest Tax Hike in History
Responsibility is not a contemporary government virtue when printing money to perpetuate the illusion of positive economic growth.
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Re: Get Ready for the Biggest Tax Hike in History
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Then we can raise taxes to pay for vital programs. Don't you agree?
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“ The subjects of every state ought to contribute towards the support of the government, as nearly as possible, in proportion to their respective abilities; that is, in proportion to the revenue which they respectively enjoy under the protection of the state.” Adam Smith , The Wealth of Nations 1776 "We have always known that heedless self-interest was bad morals; we know now that it is bad economics" FDR's second Inaugural Address |
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Re: Get Ready for the Biggest Tax Hike in History
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If I were you, though, I would be less concerned about me calling the Democrats exactly what they are, and more about why they want to screw working families across the country, people they claim to be representing.
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"Our enemies are innovative and resourceful, and so are we. They never stop thinking about new ways to harm our country and our people, and neither do we." President George W. Bush, 8-5-2004 Carolina Politics Online THIS IS REAL HOPE AND CHANGE! |
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Re: Get Ready for the Biggest Tax Hike in History
Here is a release on this from the Republican Caucus:
http://budget.house.gov/republicans/...r20070322b.pdf
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"Our enemies are innovative and resourceful, and so are we. They never stop thinking about new ways to harm our country and our people, and neither do we." President George W. Bush, 8-5-2004 Carolina Politics Online THIS IS REAL HOPE AND CHANGE! |
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Re: Get Ready for the Biggest Tax Hike in History
If Democrats wanna get Re-Elected they gotta step up to the plate for the middle class.By cutting Taxes on the Middle class and then you could see them get Re-Elected in 08!
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Re: Get Ready for the Biggest Tax Hike in History
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"Give me your tired, your poor, Your huddled masses yearning to breathe free, The wretched refuse of your teeming shore. Send these, the homeless, tempest-tost to me, I lift my lamp beside the golden door!" |
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Re: Get Ready for the Biggest Tax Hike in History
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It all comes down to this on election day: Are you a racist, or do you look down on spastics? |
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Re: Get Ready for the Biggest Tax Hike in History
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However, the largest increases are the entitlement programs such as medicare and social security. But the taxes, Federal Insurance Contribution Act taxes are already earmarked for those programs with excess revenue flowing into the general account fund. You also have gasoline taxes and other excises taxes earmarked for various programs such as maintaining federal highways, airport security, certain environmental protection programs, etc. |
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Re: Get Ready for the Biggest Tax Hike in History
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Re: Get Ready for the Biggest Tax Hike in History
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BTW, the estimate that 75% of the military budget is waste isn't mine, it comes from Grover Norquist, one of President Bush's advisors.
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“ The subjects of every state ought to contribute towards the support of the government, as nearly as possible, in proportion to their respective abilities; that is, in proportion to the revenue which they respectively enjoy under the protection of the state.” Adam Smith , The Wealth of Nations 1776 "We have always known that heedless self-interest was bad morals; we know now that it is bad economics" FDR's second Inaugural Address |
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Re: Get Ready for the Biggest Tax Hike in History
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You might also want to look at the net effect of Clinton's luxury tax on yachts. It resulted in a net reduction of revenue raising the tax. Quote:
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All because some fools (both democrats and some Republicans) failed to account for the FACT that tax cuts spur growth and offset revenue "losses" increasingly over the long run. That is why the deficit has plumetted in the last three years AFTER the full implementation of the tax cuts and HIGHER than projected spending. Explain to me exactly how deficits DECLINED despite higher than projected spending AFTER the tax cuts were fully implemented if tax cuts cause bigger deficits? Republicans are absolutely clear on this, if the tax cuts aren't extended, people's taxes are going up massively. Period, If I were running for office, I would want to be on the side of letting people keep their hard earned money! Quote:
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"It's a good feeling to shoot a bad guy. Something you democrats would never understand. Americans are homesteaders, we want a safe home, keep the money we make, and shoot bad guys!" ----Denny Crane |
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Re: Get Ready for the Biggest Tax Hike in History
The tax increase is part of President Bush's tax plan, passed by a Republican House and a Republican Senate, if you are going to blame anyone, blame the people who wrote this, passed it and signed it into law.
I would hope that the Congress will deal with this in a responsible way, and I expect a permanent middle class tax cut to be put in place by Congress, either now, or when there is a Democrat in the White House in 2009.
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“ The subjects of every state ought to contribute towards the support of the government, as nearly as possible, in proportion to their respective abilities; that is, in proportion to the revenue which they respectively enjoy under the protection of the state.” Adam Smith , The Wealth of Nations 1776 "We have always known that heedless self-interest was bad morals; we know now that it is bad economics" FDR's second Inaugural Address |
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Re: Get Ready for the Biggest Tax Hike in History
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Re: Get Ready for the Biggest Tax Hike in History
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__________________
"It's a good feeling to shoot a bad guy. Something you democrats would never understand. Americans are homesteaders, we want a safe home, keep the money we make, and shoot bad guys!" ----Denny Crane |
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LinkBack to this Thread: http://www.uspoliticsonline.com/economic-issues/37120-get-ready-biggest-tax-hike-history.html
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| Posted By | For | Type | Date |
| Get Ready for the Biggest Tax Hike in History - U.S. Politics Online: A Political Discussion Forum | This thread | Refback | 03-27-2007 06:33 AM |