Dems in Senate aim to increase taxes
From MSNBC:
The Senate on Thursday gave a sweeping endorsement to some of President Bush’s tax cuts but rejected renewing others as all three major presidential candidates interrupted their campaigns to cast key votes on the budget.
The chamber voted 52-47 to reject a move by Sen. Lindsay Graham, R-S.C., to extend Bush’s tax cuts for middle- and higher-income taxpayers, investors and people inheriting businesses and big estates.
Only raise taxes on “the rich”, huh? Apparently in liberal la-la-land, this qualifies as wealthy:
Obama and Clinton both promise to reverse Bush’s tax cuts for wealthier taxpayers, but the Democratic budget they’ll be voting for would allow income tax rates to go up on individuals making as little as $31,850 and couples earning $63,700 or more.
Next time you hear some liberal blowhard talking about the evil “rich”, keep the prior paragraph in mind. Teachers, construction workers, and similar professions obviously qualify as part of the “wealthy elite” now!
For you functional economic illiterates out there, let me explain this to you: not renewing the tax cuts is the 100% exact same thing as passing a tax increase. I mean, if you paid $1,000 in income taxes this year, and then the tax cuts expire and you pay $2,000 in income taxes next year, on what planet does that not qualify as a tax increase?
As the left clamors to get us to believe we are slouching towards a recession, they are going to make damned sure that Uncle Sam gets his before John Q. Public get to keep his money. Given the choice between an American doing more with less and Uncle Sam doing more with less, what do you think our imperial federal government is going to do? “Recession? Hey, I’ve got a great idea! In this recession, let’s take EVEN MORE money away from the producers! Brilliant!”
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Good Lord they are so out of touch with reality it’s not funny.
Comment by Jenn | March 13, 2008
This just frickin makes blood shoot out of my eyes!!!!!!!
Comment by Kanaka Girl | March 13, 2008
To a Dem anyone NOT being supported by the govt is part of “the evil elite rich”
Comment by WMD_Maker | March 13, 2008
Hey Dems: In case you are wondering who would qualify as rich under this scenario—A man who drives a truck for UPS and has been working there 10 years, who has a housewife who does not work and 4 kids would be “rich”. But the working class keeps right on pulling that big “D” at the polls–you get what you ask for.
Comment by mklasing | March 13, 2008
Dems raising taxes? Were you surprised? The idiocy and illogic of these people know no bounds.
While CNN is proclaiming “The recession is here!”, real economic forecasters are saying that a true recession is unlikely.
Comment by Henry | March 13, 2008
The dems are doing everything with the media’s help to convince the world that the recession is here because it’s election time. The dems can’t use the war in Iraq because our troops and the Iraqi people are doing a great job right now.
Every election you can count on the democrats to bring up what a terrible economy we have (no matter what the truth is) and then bring up that the evil republicans want to steal our old folks’ social security benefits and that we need to throw MORE money into education.
Comment by tnjack | March 14, 2008
$32K per year qualifies as “rich”? Hell, I’m more than rich by that low standard. Sweet… hey, where are all my hot gold-digging chicks? Shouldn’t a supermodel be draping herself across the hood of my ten year old commuter car?
Comment by PabloD | March 14, 2008
Pablo–didn’t you know you were livin’ large? I know you are sporting a corvette and some bling–don’t lie now.
Comment by mklasing | March 14, 2008
Y’all get so fired up about nothing… This is just “speakin’ the truth to power” and rousing the base.
/sarcoff
Seriously folks, greater than 50% of the DNC base is unemployed, so they can set the “filthy rich elite” level however low they feel and they’ll not offend at least that many. Add to that that the majority of Americans, bless their hearts, are too busy tracking the latest Britney/Lohan/Idol/QB-knocks-up-supermodel story to have the time to watch the crooked politiciians in DC.
Comment by Submariner | March 14, 2008