Succinct article in the Post today.
Well said - the Democrats' attacks on the top 2-3% will inevitably result in hundreds of thousands of lost jobs - perhaps more. Tax revenues will then decline, and the recession will persist far longer than if a more incentive based stimulus package had been passed. Not only is Obama raising the top rate back to nearly 40%, but by eliminating long-standing deductions for this group, as well as raising the Social Security tax rates, the combined changes are nearing an overall total of 50% in increased taxes. This far surpasses the tax rates of the Clinton era.
The Leftists are over-reaching - big time, and the middle class will inevitably suffer for it.
WAGING WAR ON PROSPERITY - New York Post
Well said - the Democrats' attacks on the top 2-3% will inevitably result in hundreds of thousands of lost jobs - perhaps more. Tax revenues will then decline, and the recession will persist far longer than if a more incentive based stimulus package had been passed. Not only is Obama raising the top rate back to nearly 40%, but by eliminating long-standing deductions for this group, as well as raising the Social Security tax rates, the combined changes are nearing an overall total of 50% in increased taxes. This far surpasses the tax rates of the Clinton era.
The Leftists are over-reaching - big time, and the middle class will inevitably suffer for it.
WAGING WAR ON PROSPERITY - New York Post
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