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Response to Nye Bevan (Original post)

Sat Apr 13, 2013, 12:24 AM

5. and all of that was either

a) from ACA, which passed in 2010, or
b) was automatic with the expiration of the Bush tax cuts

However, thanks to Obama

1. the rich still benefit from lower taxes on their first $400,000 in income (saving them about $12,000 a year in permanent tax cuts)
2. the rich pay lower tax rates on dividend income
3. the rich not only pay a lower rate on the estate tax (45% instead of 55%) but they enjoy several million more in exemptions on their estates

Of course, thanks to Congress, Obama was powerless to prevent those three things from happening. In order to stop all those tax cuts for the rich, Obama would have had to do - "nothing".

But the guy who campaigned in 2008 on the slogan "yes we can" was unable, even after his re-election, to do "nothing". Instead, he just had to pass $1.3 trillion in tax cuts for the top 5%.

But sure, why not give Obama credit for his failure to let the Bush tax cuts expire, and his failure to even attempt tax cuts that would benefit the working class. Let's pretend those tax cuts never happened and tell the idiot masses that Obama actually increased taxes on the rich. Most of them will be distracted and amazed at the fiery ball of lies and won't notice the facts behind the curtain.

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Replies to this discussion thread
Arrow 35 replies Author Time Post
Nye Bevan Apr 2013 OP
Shrike47 Apr 2013 #1
DevonRex Apr 2013 #3
Iliyah Apr 2013 #25
neverforget Apr 2013 #2
JDPriestly Apr 2013 #7
neverforget Apr 2013 #8
JDPriestly Apr 2013 #9
avaistheone1 Apr 2013 #29
HiPointDem Apr 2013 #4
LineReply and all of that was either
hfojvt Apr 2013 #5
IfPalinisAnswerWatsQ Apr 2013 #14
merrily Apr 2013 #16
Marr Apr 2013 #34
JDPriestly Apr 2013 #6
ProSense Apr 2013 #10
JDPriestly Apr 2013 #12
ProSense Apr 2013 #15
merrily Apr 2013 #17
ProSense Apr 2013 #19
merrily Apr 2013 #21
hfojvt Apr 2013 #18
ProSense Apr 2013 #22
hfojvt Apr 2013 #31
merrily Apr 2013 #23
JDPriestly Apr 2013 #24
merrily Apr 2013 #26
hfojvt Apr 2013 #30
merrily Apr 2013 #32
merrily Apr 2013 #20
merrily Apr 2013 #11
bvar22 Apr 2013 #13
merrily Apr 2013 #27
Iliyah Apr 2013 #28
merrily Apr 2013 #33
GeorgeGist Apr 2013 #35
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