This is disgusting.
The plan would honor Obama's campaign promise not to raise taxes on families making less than $250,000. But it would break an Obama pledge that no one -- including the wealthy -- would pay higher taxes than they did in the 1990s. The pledge, as listed on Obama's campaign Web site, was: "No family will pay higher tax rates than they would have paid in the 1990s."
Democrats argue that high-income families fared well under President George W. Bush's two terms as their taxes dropped and their income ssoared, giving them the ability to absorb higher taxes. Republicans argue that the tax increases would hurt small business owners who typically paytheir business taxes on their individual returns.
The rich 'had it easy' in the 1990's so they should bear the burden of higher taxes now? Such an argument is so void of logic it's nauseating. What about those who weren't high earners in the 1990s but are now? Why should they "absorb" (get robbed by) higher taxes.
Why bother dancing around it anymore? This is socialism sneaking up onyou from the backside. Let's hope there are enough brains left in power to keep our pants up while it tries to strike.
This broken campaign promise will surely be forgotten when 2012 rolls around. And even if it isn't, as the numbers of those benefitted by these government redistributions of wealth continue to grow, the votes will be secured to perpetuate. But realize this isn't sustainable. Not even close. And we're a lot closer than you may think to the dangerous realization of it.
It's a terrible time in America, where the bleeding of the public donefor a long time by all politicians, be it democrat or republican, is being taken to a new, irreversible, and terrifying level.