So:\u00a0 in ALL of Obama’s discussion of his plans to raise taxes on only the top 5% in income, and “cut” taxes for the other 95%, how much have you heard about his plans to allow the expiration of the Bush tax cuts?<\/p>\n
Does he mention those tax cuts were across the board, so that EVERYONE who paid taxes got a tax cut?<\/p>\n
From where I sit, letting a tax cut expire is about the same thing as raising taxes.<\/p>\n
By the way, does Obama ever mention that, historically, when taxes are CUT, including on the investors, entrepreneurs and employers (i.e., that top 5%), revenues to the US Treasury actually go UP (allowing more entitlement spending, if you’re so inclined…\u00a0 sigh)?\u00a0 Does he ever explain why he wants to RAISE taxes on the highest tax payers, when that behavior is virtually certain to LOWER revenues to the Treasury, thus limiting the ability of the government to provide the services socialists demand?\u00a0 Does he admit that raising taxes on the economically active top 5% will affect their economic activity, causing them to take fewer risks, invest in less business activity (all of which creates jobs), move more of their economic activity to other countries, etc.?\u00a0\u00a0 Can Obama point to any instance in human history where a tax raise CAUSED people to be more economically active, and therefore created economic growth?\u00a0\u00a0 (Don’t confuse correlation with causation when you start looking for examples of this, if you’re so inclined.)<\/p>\n
Has he explained why it’s better for the “working class” to get a tax cut (or just an outright check for $1000 or so from the government for the 40% who pay no income tax) than it is for the same people to have a secure job in a growing economy?\u00a0 And the great probability that his tax raise on the top 5% will SLOW or STOP growth altogether, especially in the current economic situation?\u00a0 That his tax raise on the employer class is going to cause fewer jobs, because the money that would have supported more workers will go to the government, or employers will simply manage their situation to reduce activity in the USA, and thus reduce tax liability?<\/p>\n
Has Obama ever explained why HIS socialist leaning plans will work in the USA, when they’ve essentially failed in other nations, and are being replaced by more privatization?<\/p>\n
Has he ever mentioned that the tax on US business is among the very highest in the world, already?\u00a0 Has he ever mentioned the fact that when taxes are raised on business, they either cut jobs, or raise prices, or both?<\/p>\n
Well….\u00a0 probably not.<\/p>\n