In response to:

The Largest Tax Increase Since World War II

annfan_777 Wrote: Dec 28, 2012 2:17 PM
Notice every liberal troll is hitting the same tired talking points about "2 wars" on a "credit card", etc... These clowns have never had an original thought in their miserable lives.
jay_p Wrote: Dec 28, 2012 2:20 PM
Oh we have original thoughts alright. It's just the fact that Bush pretty much caused the entire mess. You can't cut taxes and then have record spending and still expect to not go into debt.
DEMShavenoSHAME Wrote: Dec 28, 2012 2:22 PM
magnetar Wrote: Dec 28, 2012 2:26 PM
again you idiot , look at the tax revenue growth under Bush and then shut the Eff up
jay_p Wrote: Dec 28, 2012 2:29 PM
Turn off Fox News and you might actually learn something.
DSMike Wrote: Dec 28, 2012 2:31 PM
Jay - Kool Aid is not a food source.
Richard1805 Wrote: Dec 28, 2012 2:33 PM
Like Obama did 4 years ago? Have you been asleep the last few years?
The Teleprompter Speaks Wrote: Dec 28, 2012 2:49 PM
How is it Bush has record tax receipts in 2007?

Tax cuts aren't the problem. Spending is the problem. Spending more isn't going to solve the problem.
Fully going over the fiscal cliff would be the largest tax increase since World War II, according to the Tax Foundation and will result in the highest top tax rates in decades. They've composed a chart tracking marginal rates since 1954. Take a look at the end, and the size of the jump projected in tax rates:

Keep in mind that as rates have come down, average tax revenue has stayed roughly the same. Reforms to the U.S. tax code have given us one of the most - if not the single most - progressive...

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