In response to:

The Largest Tax Increase Since World War II

jay_p Wrote: Dec 28, 2012 2:50 PM

Mike, I really don't understand people like you. Obama is seen as an evil commie if he lets tax rates go up, but then he's seen as a briber if he cuts taxes. Just admit it, there is absolutely nothing that Obama could do to please you Republicans. He could eliminate our debt and bring us back to a surplus and you Repubs would still hate him.

Join the Debate!

All comments and users are subject to Townhall's new comments policy.

Read Full Story

The Largest Tax Increase Since World War II

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...

Related Tags: Recession Barack Obama Fiscal Cliff