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Obama Wants Higher Revenues and Rates

dsanchez Wrote: Nov 23, 2012 1:04 AM

The last great Democratic Party President, John Fitzgerald Kennedy stated that by lowering all taxes everyone, even the government, will gain revenue. You want to soak the rich, well then by lowering tax rates, people will spend more, creating more wealth, which allows more tax money to be collected by the government . Everyone benefits from the increased business activity which means more jobs, more spending, more taxes, Raising taxes only decreases financial activity.

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Earl29 Wrote: Nov 23, 2012 5:04 AM

The last great Democrat President was Grover Cleveland. Kennedy was only near-great.

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Obama Wants Higher Revenues and Rates

Right after the election, it was all peaches and cream and conciliatory common-ground language when President Obama met with congressional leaders to discuss the fiscal cliff. Of course, the president campaigned on tax hikes for the rich, by which he meant raising top income-tax rates and extending the Bush tax cuts for incomes below $200,000. And the president’s first meeting post-election was with his union and liberal-interest-group supporters, all of whom want to raise the top rates and then some. But instead, the newly reelected president spoke about “new ideas,” as long as they provided a balance of spending cuts and...