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President Obama cracks jokes and SLAYS FOX NEWS at dinner!
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<blockquote data-quote="The Other Side" data-source="post: 1327516" data-attributes="member: 17969"><p>Is there a "dispute" that deductions lower tax liabilities??</p><p></p><p>That was the POINT. The RICH, like sean hannity claim they PAY 60% in taxes and they dont. They are in the 60% bracket, but they dont come close to paying 60%.</p><p></p><p>OUT is just one of the people who want to stand up for rich americans by saying they pay TOO MUCH because they are in these tax brackets, and yet, he leaves out that they dont come close to paying such rates.</p><p></p><p>They are rich enough to almost pay nothing. The tax breaks for the rich are BEYOND ridiculous yet its the REPUBLICANS who do a great job of convincing people like OUT that the tax breaks for the rich (like luxury boxes) is something that has to be protected while the middle class recieves nothing near equality.</p><p></p><p>Since Reagan started cutting the taxes of the top 1%, national deficits have grown year over year. Reagans vision of tax cuts for the top 1% punched a giant 3.7 trillion dollar hole in the governments budget. At the end of Reagans second year after cutting taxes, unemployment sat at 10.7%. He took office with unemployment at 6.1% and it was clear cutting taxes didnt create jobs.</p><p></p><p>Not willing to raise taxes to pay the debt down, BUSH 1 kept the rates the same and added another 2.5 trillion to the deficit before having to raise taxes, break his pledge and lose re election over it. Unemployment sat at 7.1% when BUSH left office.</p><p></p><p>Clinton raised taxes on the top 1% and paid down the debt and went on to create 8 years of solid growth. Clinton lowered unemployment to a flat 4% and had money left over in the budget.</p><p></p><p>Bush 2 comes into office, and in his first state of the union address, stated that TAX REFORM was on the way. He got his wish and cut taxes again for the top 1%. His republican congress went further by writing tax laws that benefited the rich until they started running deficits higher than 5 trillion dollars in the first 5 years. In 8 years, BUSH policies and tax cuts brought the total deficit to 11 trillion and growing.</p><p></p><p>2 wars, 1 prescription drug bill, tax cuts spread over 10 additional years, the highest fuel prices in history and a near depression cost the country REVENUE. When people lose homes and jobs, the government loses revenue.</p><p></p><p>So, you add up tax breaks for the rich, and bad policies and you have a national disaster.</p><p></p><p>The rich will always control the republican party. They will always benefit from the GOP control.</p><p></p><p>The GOP will never level the playing field and will always hold the middle class back.</p><p></p><p>TOS.</p></blockquote><p></p>
[QUOTE="The Other Side, post: 1327516, member: 17969"] Is there a "dispute" that deductions lower tax liabilities?? That was the POINT. The RICH, like sean hannity claim they PAY 60% in taxes and they dont. They are in the 60% bracket, but they dont come close to paying 60%. OUT is just one of the people who want to stand up for rich americans by saying they pay TOO MUCH because they are in these tax brackets, and yet, he leaves out that they dont come close to paying such rates. They are rich enough to almost pay nothing. The tax breaks for the rich are BEYOND ridiculous yet its the REPUBLICANS who do a great job of convincing people like OUT that the tax breaks for the rich (like luxury boxes) is something that has to be protected while the middle class recieves nothing near equality. Since Reagan started cutting the taxes of the top 1%, national deficits have grown year over year. Reagans vision of tax cuts for the top 1% punched a giant 3.7 trillion dollar hole in the governments budget. At the end of Reagans second year after cutting taxes, unemployment sat at 10.7%. He took office with unemployment at 6.1% and it was clear cutting taxes didnt create jobs. Not willing to raise taxes to pay the debt down, BUSH 1 kept the rates the same and added another 2.5 trillion to the deficit before having to raise taxes, break his pledge and lose re election over it. Unemployment sat at 7.1% when BUSH left office. Clinton raised taxes on the top 1% and paid down the debt and went on to create 8 years of solid growth. Clinton lowered unemployment to a flat 4% and had money left over in the budget. Bush 2 comes into office, and in his first state of the union address, stated that TAX REFORM was on the way. He got his wish and cut taxes again for the top 1%. His republican congress went further by writing tax laws that benefited the rich until they started running deficits higher than 5 trillion dollars in the first 5 years. In 8 years, BUSH policies and tax cuts brought the total deficit to 11 trillion and growing. 2 wars, 1 prescription drug bill, tax cuts spread over 10 additional years, the highest fuel prices in history and a near depression cost the country REVENUE. When people lose homes and jobs, the government loses revenue. So, you add up tax breaks for the rich, and bad policies and you have a national disaster. The rich will always control the republican party. They will always benefit from the GOP control. The GOP will never level the playing field and will always hold the middle class back. TOS. [/QUOTE]
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