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Raise In A Couple of Weeks!
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<blockquote data-quote="Bagels" data-source="post: 1081205" data-attributes="member: 43436"><p>LOL, I seriously doubt anybody participating within this thread is "fortunate" enough to be affected by the recent tax hike (which is actually a regression of the Bush cuts). The cut in FICA was an Obama program that was always tagged as "temporary." </p><p></p><p>Most governments have historically run up big deficits during recessions to prevent economic disaster and many will argue (I'm not one) that recent deficits have prevented a depression. The only difference is that the resistance to pay for these deficits is stronger than ever, with many people paying among the lowest effective tax rates for their income bracket in history.</p><p></p><p>Cue Mitt Romney's plan: further lower taxes, spend $1T more on national defense... and balance the budget. I mean, seriously?? He was successful in balancing the budget in MA, but he shifted the burden onto people in many other ways (among the highest fees for registration renewals, etc.) A de facto hike, no less, for the working man.</p></blockquote><p></p>
[QUOTE="Bagels, post: 1081205, member: 43436"] LOL, I seriously doubt anybody participating within this thread is "fortunate" enough to be affected by the recent tax hike (which is actually a regression of the Bush cuts). The cut in FICA was an Obama program that was always tagged as "temporary." Most governments have historically run up big deficits during recessions to prevent economic disaster and many will argue (I'm not one) that recent deficits have prevented a depression. The only difference is that the resistance to pay for these deficits is stronger than ever, with many people paying among the lowest effective tax rates for their income bracket in history. Cue Mitt Romney's plan: further lower taxes, spend $1T more on national defense... and balance the budget. I mean, seriously?? He was successful in balancing the budget in MA, but he shifted the burden onto people in many other ways (among the highest fees for registration renewals, etc.) A de facto hike, no less, for the working man. [/QUOTE]
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