"House Democrats on Friday pushed through an $80 billion bill to block the spread of a dreaded tax on middle-income people. The White House and Republicans, protesting tax increases in the bill affecting mainly investment fund managers, maintained that it would never become law."
Now tell me again that the democrats are responsible for not getting things done since they gained committee control of congress and let me see if I can find a retort.
"The controversies come over some $80 billion in new tax revenues required under House Democratic rules that tax cuts or spending increases be offset so that the federal deficit does not grow."
Yeah, conservative and fiscally responsible republicans, my hind end.
The only tax increases GOPer's are afraid of from Dem's is on the upper class. They could care less about the poor and such. They always fail to mention that the Dem's want tax increases for super rich.
Posted by glassman on :
the thing is? the "poor" pay mostly social security taxes, and the "rich" pay moslty income/cap gains taxes.
when they quote their figures? they are talking about apples and oranges.
Posted by Machiavelli on :
Tell that to the fund managers and such on Wall Street who seem to not be paying their share.. fair share and have fallen through a loophole...
Posted by glassman on :
i lived near the NC outer banks for awhile...
there was luxury tax in the Omnibus Budget Reconciliation Act of 1990. i knew alot of guys that had been building yachts down there (real craftsmen) that lost heir jobs...
i'm not defending anybody, i'm just trying to point out how hard it is to make this crappy taxation system we currently have equitable.