Just curious. How are we ever going to be able to pay-down the debt that Bush ran-up without increasing revenue? I always love conservatives who argue that "small business owners" and " job creators" will be hurt deeply by anything Obama wants to do tax-wise. "Taking away "the incentive to work" is another talking point. These are all "bootstrappers", right? They'll just strap a little harder. What BS.
What the GOP conveniently ignores is the fact that these folks already enjoy massive tax breaks and are paying percentage-wise, the lowest rates in history. They've been raking it in for years, and now it's time to start evening the playing field.
As some else said, none of us here are ever going to be making $400-$450,000 per year, nor will 99% of everyone else. The "small business owners" you are crying about don't make that kind of money either, so what's the point? They won't even be affected. I loved it when several "small business owners" started laying people off just after Obama was elected even though nothing had changed. Pure political theatre.
Worship the rich if you'd like, but I'd prefer that they play by the same rules as the rest of us.
There you go again. The small business owners I was worried about were in the $200k-$250k+ range that Obama was going after. I agree with you, in order to pay down the debt we need more revenue. Thank you for letting me make this point. We are in the situation we're in because of runaway government spending and the spender-in-chief is President Obama. We should have just let the tax increases and spending cuts kick in and then every working American would understand the consequences of overspending. But that would have been political suicide. Is the current plan enough revenue? No. Were the increases Obama wanted enough revenue? No. Know why? Because the Democrats refuse to discuss spending cuts because their political base would crucify them if the cash spigot is turned off. We should have never gotten to this point but now that we're here tell me how we're going to solve the debt issue if we don't curb spending? The Republicans think that if we hold down taxes enough the economy will bounce back and the gov't revenue will greatly increase, thus solve a lot of problems. Maybe, but things are so screwed up now I'm not certain that anyone beyond management will greatly benefit. Meanwhile Obamacare has increased gov't regulations by thousands of pages which is starting to strangle business. New regs, new taxes, higher premiums, and a demonstrated unwillingness to rein in spending. We are literally the proverbial lemmings marching towards the cliff, and all people want to do is demonize the other side and rip into those who have more than them. We are getting the gov't we deserve. And P.S. Romney was right, 47% of the population pay no income tax. We keep talking about the wealthy paying their fair share, but they already pay the bulk of it. And who do you think are paying the bulk of state income taxes? Property taxes that fund local needs? Yes, let's keep taking from them to pay for the social safety net needed to support the unemployed who were laid off so that the wealthy can pay ever higher taxes. Vicious cycle but if the goal is to take away absolutely as much as possible pretty soon you'll have that classless society you dream of because no one will have much of anything and no incentive to try.