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Bill Kristol Encourages Flexibility on Taxes

Smitty41inPB Wrote: Nov 12, 2012 2:03 PM

sell and get outta market now, pay taxes this year, if u r really rich make gifts to kids now so estate tax doesn't give it too gov't, after the market crash, take gains and buy back in and the new gains will offset future taxes. Once again, taxes are going to go up and revenues to the gov't are gonna go down and that is really telling since we have been running at 15% of gdp during a recovery when 19% is the historical norm. laughable incompetence

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upwithRomney Wrote: Nov 12, 2012 3:37 PM

How come revenue went down under Bush? How come the deficit went up so much under Bush? I agree with Kristol. It wouldnt kill those making a million a year in income to pay 4% more. We are on the wrong side of this argument.

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Bill Kristol Encourages Flexibility on Taxes

Weekly Standard editor Bill Kristol said yesterday on Fox News Sunday that a more mature conversation must be had on the U.S. Fiscal Cliff - the set of deficit-shrinking policies scheduled to take place at the end of the year that would both cut government spending and raise taxes.

“I don’t really understand why Republicans don’t take Obama’s offer to freeze taxes for everyone below $250,000 — make it $500,000, make it a million,” Kristol argued. “Really? The Republican Party is going to fall on its sword to defend a bunch of millionaires, half of whom...

Related Tags: MSM Taxes Fiscal Cliff