User Tag List

Results 1 to 10 of 10

Thread: Republicans Pushing To Raise Taxes

Threaded View

  1. #1
    Original Ranter
    Points: 12,846, Level: 27
    Level completed: 22%, Points required for next Level: 704
    Overall activity: 0.1%
    Achievements:
    Veteran10000 Experience Points
    Pendragon's Avatar Senior Member
    Karma
    48
    Join Date
    Aug 2011
    Posts
    550
    Points
    12,846
    Level
    27
    Thanks Given
    4
    Thanked 21x in 17 Posts
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    Republicans Pushing To Raise Taxes

    http://www.salon.com/technology/how_...ase/index.html

    How does the Republican Party continue to win elections? The Associated Press is reporting that GOP legislators are opposing the extension of a payroll tax cut that will expire on Jan. 1. The clear, unavoidable message: Americans workers should pay more taxes, while the rich should pay less.

    That's not a joke, and it's not an Onion headline. The very same Republicans who have fought tooth-and-nail to keep George W. Bush's tax cuts for the wealthy from expiring are now in favor of doing away with a tax cut that will primarily hit wage-earners -- people who actually have to work for a living, people who are struggling to pay their mortgages and wincing every time they fill up their gas tank.

    There's not even any attempt to hide the hypocrisy.

    "It's always a net positive to let taxpayers keep more of what they earn," says Rep. Jeb Hensarling, "but not all tax relief is created equal for the purposes of helping to get the economy moving again." The Texas lawmaker is on the House GOP leadership team.

    The theoretical basis for this argument, such as it is, is based on the assumption that keeping taxes low on the "job-creators" -- the rich, and corporations -- will spur investment and hiring. The empirical evidence for this theory has always been slim -- some of the strongest economic growth rates of the last century in the United States occurred when taxes on the wealthy were at their highest rates -- but it's particularly absurd right now, after two years in which corporate profits have been high, taxes have been low, and employment growth has been paltry.

    "No one ought to harm another in his life, health, liberty or possessions."

    ~ John Locke


  2. The Following User Says Thank You to Pendragon For This Useful Post:

    waltky (11-10-2012)

Similar Threads

  1. ExxonMobil: High Earnings, Low Taxes, No Ethics
    By ironboltbruce in forum U.S. Politics
    Replies: 26
    Last Post: 05-01-2016, 09:09 AM
  2. NYC sues roll-your-own cigarette shops over taxes
    By wingrider in forum The Latest Happenings
    Replies: 5
    Last Post: 11-22-2011, 09:21 AM
  3. This Is Why So Many Don't Pay Taxes
    By jgreer in forum The Latest Happenings
    Replies: 24
    Last Post: 10-22-2011, 03:18 PM
  4. Republicans Want to Raise Your Taxes!
    By Pendragon in forum U.S. Politics
    Replies: 19
    Last Post: 08-22-2011, 11:50 AM
  5. Replies: 21
    Last Post: 07-05-2011, 11:49 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts