What do you think of this article from Investors Business Daily?
Or are they no longer a reputable source? From Investor’s Business Daily: Obama has proposed effective tax increases of 20% or more in the two...
Or are they no longer a reputable source?
From Investor’s Business Daily:
Obama has proposed effective tax increases of 20% or more in the two top income-tax rates, phasing out the personal exemptions and all itemized deductions for top earners, as well as raising their tax rates.
He wants a 33% increase in the tax rates on capital gains and dividends, an increase of 16% to 32% in the top payroll tax rate, reinstatement of the death tax with a 45% top rate, and a new payroll tax on employers estimated at 7% to help finance his health insurance plan. He’s also contending for higher tariffs under his protectionist policies.
Finally, he would increase corporate taxes by 25%, though American businesses already face the second-highest marginal tax rates in the industrialized world, thus directly harming manufacturing and job creation while weakening demand for the dollar.
Welcome to Obamination.
When he is unable to meet his "wealth redistribution" challenges, he will blame it on the failed economic policy’s of GWB,
That sounds about right, but I haven’t crunched ALL the numbers. I can only say that it sounds more realistic than what Obama is saying about it.
Obama simply wants to redistribute wealth from those who have earned it to those who want it.
He knows that their are more takers than earners and that the takers vote.
He doesn;t give a damn what it does to the country.
95% of us don’t have the luxury to worry about those numbers. The same 95% of us will benefit from Obama tax plan. It’s that simple!
Either you or your source are lying. I would have to read the text and I have read President Obama’s tax policies.
I just checked that website and found that it is you that is lying.
You included facts in your question, you won’t get an answer from a Dem that doesn’t include:
A) McSame
B) Bush
C) Racist
D) Only RICH people will be taxed
They ignore facts. See…
I can tell from your name who your guru is. Tell us how great Bush’s policies have been for the economy and how they are different from McCain’s. My experience with going up in tax brackets is that I work even harder and produce more. The death tax is just a way of giving rich kids the opportunity to pull themselves up by their own bootstraps. Health insurance is more than 7% of my gross income now.
not reputable anymore, so if Nobama says something ridiculous that is harmful to our country or anything of the like and the paper puts it in print they are no longer reputable. Looks likeyou are brainwashed.
IBD has fine articles and I subscribe to them.
Obama is very bad news.
http://www.youtube.com/watch?v=iivL4c_3p...
He really just wants reparations for blacks..and is disguising it..
Much worse, they are ruining our life and lifestyle.
I think it’s typically skewed to appeal to its audience.
It neglects to mention several germane facts, like 2/3 of all corporations pay NO taxes. And a good chunk of the top 1% income brackets also pay no taxes. And the ones who do pay taxes pay it at a much lower rate than those of us in the middle class, like 10 cents as opposed to 13 cents on the dollar for the rest of us. Perhaps our tax rates could be lower if the people being taxed actually paid them!
I think he wants to bring this country to it’s knees.
Have you heard of progressive tax? When you cut the tax rates of the wealthy it actually makes the wealthy pay more taxes. Obama is doing the opposite