Get Ready for a 70% Marginal Tax Rate

Discussion in 'Economy' started by Conservative, Jul 18, 2011.

  1. Conservative
    Offline

    Conservative Type 40

    Joined:
    Jul 1, 2011
    Messages:
    17,082
    Thanks Received:
    2,026
    Trophy Points:
    48
    Location:
    Pennsylvania
    Ratings:
    +2,030
    How do liberals not understand this?

    Get Ready for a 70% Marginal Tax Rate

     
  2. Wiseacre
    Offline

    Wiseacre Retired USAF Chief Supporting Member

    Joined:
    Apr 8, 2011
    Messages:
    6,025
    Thanks Received:
    1,192
    Trophy Points:
    48
    Location:
    San Antonio, TX
    Ratings:
    +1,194
    You know, if the Dems had a history of raising taxes without raising spending then they might have some credibility. But they don't, and in fact have a hostory of lying about cutting spending after promising to do so after taxes are raised. Even now with all their talk about reducing the deficits they stillhave not submitted any plan to dos o that can be scored by the CBO. Vague references to this or that and empty promises are all we get.
     
  3. iamwhatiseem
    Offline

    iamwhatiseem Gold Member

    Joined:
    Aug 19, 2010
    Messages:
    14,833
    Thanks Received:
    3,114
    Trophy Points:
    280
    Location:
    Virginia
    Ratings:
    +6,128
    Yes...but to be fair - the Republicans also have a history of hiding spending and also not following through on spending cuts - both over and over and over sign spending cuts that don't take affect till years later - and then quietly reverse the decision before the cut happens.
     
  4. Wiseacre
    Offline

    Wiseacre Retired USAF Chief Supporting Member

    Joined:
    Apr 8, 2011
    Messages:
    6,025
    Thanks Received:
    1,192
    Trophy Points:
    48
    Location:
    San Antonio, TX
    Ratings:
    +1,194

    Don't know much about any history the GOP might have for that, I do know that the GOP Congress under Gingrich was primarily responsible for the balanced budget of the late 90s. There is no democratic Congress that has even come close in the past 30-40 years.

    However, I would not dispute that the Repubs under Bush sucked at holding down spending, no question about that. I think both Reagan and Bush41 both tried to reduce spending but the dem-controlled Congress wouldn't go along. Both presidents raised taxes but didn't get the spending cuts they wanted.
     

Share This Page