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Friday, August 15, 2008

Obama Details Raising Taxes

We keep hearing that we're supposedly in a recession. If so, why would anyone want to take more money out of the pockets of Americans?

Obama Details Raising Taxes on Gains, Dividends - WSJ.com

2 comments:

lake county democrat said...

You can't mean to be that simplistic, can you? Under this "logic" if wealth was concentrated so much that 12 people controlled 99% of the nation's wealth and we went into recession, you'd argue against raising taxes on those 12 and cutting them for the other 150 million taxpayers.

If these tax *rebates* showed anything, it's that if you cut taxes disproportionately in favor of poor and middle class taxpayers, they stimulate the economy. They're going to spend that $600, like, now. Somebody with plenty of disposable income might not and while one could argue that we need more people to save as well, I'd rather pay down the deficit.

Something else: we're at war. This is the first time we've cut taxes during wartime. Look at that deficit. Look at your grandkids. Note that the people who want us to stop spending $10 billion per month are the ones with this allegedly "recession-empowering" tax plan.

Anonymous said...

It's all about the ideology, not fairness..