sam says:
"So, we could sit here forever and debate whom is benefitting from the Bush tax cuts, but I think that it's bad when, in the next 10 years, if things keep going like they are, that the only thing the American government will be able to do is pay interest on its loans. Even if you believe in small government, I think that we can agree that no government isn't the solution.
We either need to 1) end the tax cuts, which you don't benefit from unless you are in the top 1% of wage earners, which you aren't. (17% of Americans think they are in the top 1% of wage earners.) And one of the following: 1) Stop spending money in Iraq, or 2) start making sacrifices, which include taxing the rich.
In no other time of war in American history have taxes been cut, and in World War II, things were rationed. (Support the troops: use less gas.) Georgie Porgie doesn't get to have it both ways: a war and tax cuts for his fat friends."
First we must fully understand the effect of the 2001 Tax Cut (1). As can be seen in the chart below
The RNC's 2001 Tax Increase for The Poor
Individual tax liability
The minimum wage was stuck at $5.15/hr from 1997 to 2007. The minimum wage earner has lost $54.00 per week in buying power since 1997. The RNC is raising their TAXES
Cost of the BUSH tax Cuts per Person
From the Children's Defense Fund
It may be useful to look at the "shifting" of the tax burden to the lower 4 quintiles. A back door tax increase for the poor.
sam says:
"So, we could sit here forever and debate whom is benefitting from the Bush tax cuts, but I think that it's bad when, in the next 10 years, if things keep going like they are, that the only thing the American government will be able to do is pay interest on its loans. Even if you believe in small government, I think that we can agree that no government isn't the solution.
We either need to 1) end the tax cuts, which you don't benefit from unless you are in the top 1% of wage earners, which you aren't. (17% of Americans think they are in the top 1% of wage earners.) And one of the following: 1) Stop spending money in Iraq, or 2) start making sacrifices, which include taxing the rich.
In no other time of war in American history have taxes been cut, and in World War II, things were rationed. (Support the troops: use less gas.) Georgie Porgie doesn't get to have it both ways: a war and tax cuts for his fat friends."
First we must fully understand the effect of the 2001 Tax Cut (1). As can be seen in the chart below
The RNC's 2001 Tax Increase for The Poor
Individual tax liability
The minimum wage was stuck at $5.15/hr from 1997 to 2007. The minimum wage earner has lost $54.00 per week in buying power since 1997. The RNC is raising their TAXES
Cost of the BUSH tax Cuts per Person
From the Children's Defense Fund
It may be useful to look at the "shifting" of the tax burden to the lower 4 quintiles. A back door tax increase for the poor.
