(43)'s Tax Cuts were for Everyone... Fact.
As a Matter of Fact, as the AP Documented, the DemocRATS are Proposing to Extend the Bush Tax Cuts for those making $250,000 or less a Year...
The AP Refers to this, in a round about way, as 75% of the Total Tax Cuts that (43) put through... It "Costing" $3 Trillion...
The REPUBLICans Propose leaving them all in place, "Costing" $4 Trillion...
So why do Liberals Continue to Lie as they Suggest that 75% of the Bush Tax Cust Remain?...
Anyone on the Left want to Answer this?
peace...
How're the high-roller
$ entitled to the
SIZE o' tax-cuts
George Bush GAVE them
?
[ame=http://www.youtube.com/watch?v=8wDdWJcpJj0]YouTube - Maddow: GOP plan to extend tax cuts for the rich[/ame]
****
BTW.......a North Denver resident, (even)
considering using an image from the
CRADLE OF PREMIER NFL-QUARTERBACKS!!! 
(
....Where Lil' Johnny Elway would be considered gay.)
Back
AT ya'.....from an ex-Louisville,CO-resident; 21 years.....back in PA.
awww.....Rachel Madcow and her cute little balloon chart......
...maybe this chart of reality will pop her balloons.....
President Obama wants to raise the top two individual income tax rates for 2011. The top rates will rise from 33% to 36% and from 35% to 39.6%, unless the president and Congress agree to extend the current rate structure.
Before taking action on this issue, policymakers should consider the following facts and data. (All information is cited in my related congressional testimony).
•President Bush cut the top federal tax rate by 5 percentage points, but the average top rate in the 30 OECD nations has also fallen by 5 percentage points since 2000.
•Unless policymakers extend current tax relief, the combined U.S. federal-state top rate will increase from 41.9% to about 46.5%, based on OECD data. That will give us about the tenth highest rate among the 30 OECD nations.
•The chart shows that the average top OECD rate fell from 46.7% in 2000 to 41.5% in 2009. If we let the Bush tax cuts expire, we won’t be simply going back to our situation in 2000—the world has changed since then as other countries have adopted more competitive tax rates.
•President Obama’s proposed top federal rate of 39.6 percent is 41-percent higher than the 28-percent top income rate achieved in the late 1980s after the bipartisan Tax Reform Act of 1986.
•Higher marginal tax rates will reduce incentives for working, investing, and expanding businesses, and they will increase incentives for tax avoidance and evasion.
•If income tax rates rise, some high-income workers will work fewer hours and retire earlier. Some spouses in two-earner families will stay out of the workforce. Some angel investors will have less cash to invest in start-up ventures. And some small businesses will decide not to buy new equipment or hire new workers.
•Higher-income taxpayers often have a lot of flexibility on their working and investing decisions—tax them more and they will reduce their reported income alot. Robert Carroll finds that this effect of raising the top rate from 35% to 40% would offset about 40 percent of the government’s otherwise expected revenue gain.
cont.
ObamaÂ’s Plan to Raise Tax Rates | Cato @ Liberty
