In response to:

The Largest Tax Increase Since World War II

SuperSam Wrote: Dec 28, 2012 1:01 PM
The Bush tax cuts expiring will give the highest percentage tax increase to the lowest tax bracket, along with killing half of every family's child credit deduction, and at a time people can least afford it with the price of gas being too damn high for too damn long, but the Dems in Congress don't pay for it, so................
Big Guns Wrote: Dec 28, 2012 1:20 PM
Let keep in mind folks there is no Bush Tax cuts, just the current Tax rates. They can pass a Bill to keep the current Tax rates for all.
SuperSam Wrote: Dec 28, 2012 1:49 PM

The Bush tax cuts are keeping the current rates in place, but they are set to expire Dec. 31, 2012.

MQ and June, spot on.
SuperSam Wrote: Dec 28, 2012 1:49 PM

The Bush tax cuts are keeping the current rates in place, but they are set to expire Dec. 31, 2012.

MQ and June, spot on.
SuperSam Wrote: Dec 28, 2012 1:01 PM

The House Plan B was a bill that allowed the Dems to put their money where their mouths are; a tax increase for people who make a million or more, giving the Dems their "tax the rich" opportunity, yet Reid said he wouldn't even consider the bill, as well he is sitting on a stack of bills previously passed in the House that he won't even let on the Senate floor for discussion, let alone a vote, and no budget in over 3 years.

Couple this with the fact that the Dems DID NOT raise taxes on the rich or close their loopholes when they had all the majorities and you will see that Dems lie; they do not want to tax the rich, they want to tax the poor working stiffs by allowing the Bush tax cuts to expire.
June56 Wrote: Dec 28, 2012 1:06 PM
Lie they do indeed. That is the one thing and only thing that they excel at. They are all pathological liars.
MacQ - Texas Wrote: Dec 28, 2012 1:09 PM
All correct. It's political, not policy they're after. They figure they have republicans on the ropes and want to go in for the kill. Make republicans raise taxes, take the blame, etc.
Not like they have to...the media would make sure republicans are villified no matter what happens.
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...