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What Price 'Fairness'?

Richard2692 Wrote: Nov 20, 2012 9:36 AM

good article, bad stats. Top 10% pays 70.47% of all personal income taxes while earning about 38% of all income (agi>112K). The only way to increase big govt revenue is to cuts taxes and grow economy. Bill Clinton took about $12.3T from taxpayers over 8 years, George W took $17.1T (for liberals 17 is about 40% more than 12). So in 8 years we sent an extra $5T to DC and they spent it all. Sending more money is not the solution.

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What Price 'Fairness'?

Realistic Republicans understand that President Obama and the Democrats head into fiscal cliff negotiations in a far stronger bargaining position now than in 2011. When voters were asked on Nov. 6 whether they favored raising taxes to reduce the deficit, a total of 60 percent said yes (47 percent favored increasing taxes for those who earn $250,000 or more, and 13 percent approved tax increases for all).

So taxes will be going up. As a matter of political strategy -- not to say survival -- Republicans will have to agree to raise taxes on those defined as rich. It's...

Related Tags: Bankruptcy Barack Obama Taxes Fiscal Cliff