Mike Carey wrote:
Actually, it's going to get even smaller. Biden admitted today that the tax cuts to 95% of Americans really means the income cutoff number is around $150K (which includes families with joint returns). That's considerably less than the 250K Mr. Obama has been claiming. Anyone care to bet that when it's next calculated it will be down to 100K?
Why are people so afraid of paying taxes? I've never understood that.
Under the recent Bush administration taxes across the board are lower than they have been in many many years, and look where that has left our economy? Under the Clinton administration taxes were much higher for the middle class and the economy was booming.
I have no problem paying higher taxes if I am confident that my government will use my contributions wisely. You have to spend money to make money, and that applies to our economy just like it does to any other business.
The good thing is that nobody can make things worse than Bush has. The guy served 8 years! That still amazes me. Who in their right mind would vote for that guy twice?