Posts Tagged ‘Bush era tax cuts’

ABC News - yes I said ABC News - documents the damage caused by raising the tax rates on those small business owners with employees who make over $200,000 per year. Obama says the rich can afford it and the US government cannot.  He lies again.  According to the pedestrian at best static budget rules the government

Here is what many of you don't understand ... to stimulate the economy you need to stimulate what runs the economy. Had suddenly government mandated to me that I didn't need to pay taxes, guess what? Instead of depositing that $288,000 into the  Washington black-hole, I would have spent it, hired more employees, and generated substantial economic growth. My employees would have enjoyed the wealth of that tax cut in the form of promotions and better salaries. But

We are about to hear a whole lot more about "tax cuts for the rich expiring".  First of all this is nonsense.  Current tax rates that have been around for almost ten years are not just "expiring", they 're being raised! These cuts had an expiration date because they went through "reconciliation" - you know, the same process used to pass the worst law in history, Obamacare - which means provisions must sunset to be revisited by another Congress. 

Ask your Democratic Congressman what she did last term and she will tell you that she helped to pass healthcare insurance reform, saved teachers' jobs in Democratic states and "stimulated" the economy and "saved" jobs in the process.  Don't look at the man behind the curtain, but look at what she didn't do while she was saving all those jobs - raising taxes on the middle-class. A new Tax Foundation report shows that the Congressman also raised