Re: Obama's tax hike on the 'rich' is a ....
by
tsedek
09/05/2008, 7:12 PM #
"....de facto tax on every single American that buys food, or gas, or services, or houses, or cars, or any other product you can think of."
Nothing special about the rich in that regard.
"It will also make a 6.1 unemployment rate look like a Utopian ideal."
The experience of the late '90's argues against that and Little Barry offers a net tax cut as well as lower rates than St. Bill. We are on well known ground here and can compare apples to apples.
"How can you defend a tax hike on a weakend economy?"
Tax hikes shrink the federal deficit, which strengthens the Dollar witout raising interest rates, which cuts the price of internationally traded commodities. Compare the yearly amount of your Bush tax cuts with the increased price of energy and groceries and lumber and nails and you will find that your "cuts" have cost you big time. You might also remember that people 30 years in the future will get the bill for today's deficits.