In response to:

At the Fiscal Cliff I Cry "Jump, Jump, Jump!"

Scrap Iron in Texas Wrote: Nov 13, 2012 8:31 AM
BHO said right after the election that he wants to increase revenue. Yeah, he did, and that is a good idea. At other times he has stated he wants the ric to pay more. Well, here's a little factoid. After GWB lowered tax rates, the revenue to the treasury went up. Oh, not right away, but within two years, more money was coming in. A LOT more, as a matter of fact. And the % of income taxes paid by the top wage earned increased as well. So, the rich ARE paying more (or were, at any rate). Changes in tax RATES (either up or down) will ALWAYS lead to changes in behavior to take advantage of lower rates or escape higher rates. That's what any intelligent businessman does. Unintelligent businessmen do not stay in business very long/.
D G Wrote: Nov 13, 2012 8:40 AM
That's true. Also, non-partisan economists compared Romney's plan with Obama's plan. Romney would have grown the economy as Reagan did. Obama will continue the stagnation and actually have a recession in the months ahead.

The most expensive tax in the history of the world has been proposed by the Obama administration and to hear them tell the story, you’d think the rest of us should be grateful.

“We want to create a global minimum tax,” said vice president Joe Biden, “because American taxpayers shouldn’t be providing a larger subsidy for investing abroad than investing at home.”

A global minimum tax is a tax on all profits made by nominally US companies that operate overseas. They operate overseas for various reasons, but one big reason is because corporate taxes are higher in...