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Reply #122: I would never use those terms, but basically? [View All]

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Chan790 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-11-10 03:49 PM
Response to Reply #13
122. I would never use those terms, but basically?
Edited on Sat Dec-11-10 03:49 PM by Chan790
Yes, exactly. Better to let the taxes at the bottom rise (and the rise is fairly small, under $500 for the large majority.) in order to insure the large budgetary-income increase that will occur from the tax-restoration on the wealthy. (Billions. Tax-increases on the wealthy don't just increase tax revenues...they encourage spending and donations to reduce on-paper personal wealth too.)

It has nothing to do with manliness (an area of expertise for me :D) and everything to do with economics. (An area that isn't my strength but as a new-to-the-field business-banker is quickly becoming an area of knowledge) The Bush tax cuts for the wealthy need to die at just about any cost and so does their compromised assault on Soc. Sec., if the GOP is so determined to keep these tax cuts, they'd best be prepared to give away the farm on many many other fronts...to an extent far larger than the President negotiated.

I'll give the GOP on their taxes...but I want a Tier-V, the 13 months of unemployment, a second stimulus focused solely on direct job creation, restoration of the full estate tax, budgetary controls for DoD...and they have to give up the ghost on opposing healthcare reforms...both the one we got and the ones to come. That's what taxes for the >$250K will cost them if its' up to me.
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