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justme16 Wrote: Jan 22, 2013 2:55 PM
Soooooooo to use your logic, ALL Bush tax cuts should have been allowed to expire as well. The middle class could then for real say it is paying its fair share.
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Randall87 Wrote: Jan 22, 2013 11:29 AM
So let me get this straight . . . When Obama lets the bush tax cuts expire, (as they were scheduled to do) he gives himself credit for "Raising taxes on millionaires", but when he lets his SS tax reduction expire, (as it was scheduled to do) it is not a tax increase . . . can you really be that stupid?
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Jeff2422 Wrote: Jan 22, 2013 11:46 AM
Yes, he/she can really be that stupid. Obama care has a myriad of taxes that will affect middle and lower class earners, let alone the purposeful approach of raising private insurance premiums with the intent to create a government run one payor approach. But, remember, over 50% of exit polls showed that people still blame Bush for just about every ill known to man, including the common cold.
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justme16 Wrote: Jan 22, 2013 2:58 PM
EVERY increase in taxes regardless of where they are collected will ulitmately fall on the middle "working" class. The upper income earners will simply adjust their life styles and cut out spending in areas that are typical middle income jobs, i.e. lawn care, beauty salons, dining out, remodeling homes etc etc etc....It is the small business and middle income earners who will feel that pinch FIRST by loss of income due to cut backs by the upper income earners. They didn't get wealthy by being stupid, and they will ALWAYS adjust to maintain their profit margins and discretionaly incomes.
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"Nothing is so well calculated to produce a death-like torpor in the country as an extended system of taxation and a great national debt."
--William Cobbett
What is it with this administration -- a general envy and resentment of success ("You didn't build that!") or just a general incompetence at anything to do with basic economics? Like the old and bitter truth that the surest way to make something scarcer is to tax it.
The administration's latest victim is the American medical-device industry -- the people who make everything from body-scanning...
ObamaCare Strikes Again