Is it time to repeal the Bush tax cuts?

Discussion in 'Politics' started by Wry Catcher, Oct 16, 2009.

  1. Wry Catcher
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    Wry Catcher Platinum Member

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  2. Fatality
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    Fatality SunCrackedSoul

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  3. Wry Catcher
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    Wry Catcher Platinum Member

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    No. But some of the Big Banks seem to have that luxury. You obviously didn't read the link, given the quick reply. Why not do that and consider where the money paid in bonuses by G-S comes from (or from whom)?
    Look at the fees the large banks get from the "95%ers", that is most of us. And consider so much wealth goes to so few, and if that is good for our nation.
    What's a bankers service worth? More than the first responder who may save your child's life (many times at the risk of his/hers)?
     
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  4. chanel
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    chanel Silver Member

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    Our small business got a tax refund for the first time in 25 years in 'O7 We applied that to our estimated taxes in 08. The IRS is in for a big suprise in 09. Our sales are down 30 percent. The 5 percenters are dwindling. My guess is they will have to go after the 10 percenters. And then the 50 percenters. That still have jobs.
     
  5. uptownlivin90
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    uptownlivin90 Rebelious Youngin

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  6. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    No. Let's let people keep more of their money.
     
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  7. Wry Catcher
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    Wry Catcher Platinum Member

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    Understood. No one likes to pay taxes. My point is those who earn the most got the greatest benefit from the Bush and Reagan tax cuts, and these same people are receiving enormous bonuses today. At the same time, those layed off and receiving unemployment benefits will soon be further out of luck.
    The latter group will not spend money they don't have on goods and services from small business (as you suggest); and the big money boys won't either.
     
  8. Elutherian
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    Elutherian BadMother****er

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    I think it's time we repealed taxation.
     
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  9. Wry Catcher
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    Wry Catcher Platinum Member

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    Great idea. Do you think there may be consequences?:cuckoo:
     
  10. alan1
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    alan1 USMB Mod Staff Member Supporting Member

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