As reported by AP, the Dem's aren't going to "raise" our taxes, they are simply going to let our existing tax "breaks" expire in 2010.
"Republicans blasted the Democratic budget for its hefty spending increases and its assumption that the lower taxes on income, married couples, inheritances and investments will expire at the end of 2010 as current law states.
The House budget plan promises a $153 billion federal surplus in five years — if President Bush's tax cuts indeed disappear and, as a result, more revenue flows into the federal treasury."
Doesn't eliminating middle class tax breaks equal raising middle class taxes?
2007-03-21 09:01:58 · 10 answers · asked by Anonymous in Politics & Government ➔ Politics
That is what democrats do punish the working class how soon the American people forget, however we have 4 years to right this situation. We the Republicans were quite lucky in the 2006 election the democrats needed to take more seats as a result they will upset the voters being the party in power and lose seats..
So by 2010 we may have a Republican Majority to make to the change perm.
2007-03-21 09:07:25 · answer #1 · answered by Anonymous · 5⤊ 3⤋
Neither needless to say. you would be paying bigger taxes beginning up Jan. a million, 2013 in spite of your earnings bracket. they're nestled in Obamacare. you will additionally lose the two% payroll tax additionally which has been the reason of Social risk-free practices working interior the purple $one hundred twenty billion for the each and all of the final 2 years and extra to our deficit/debt. elevating taxes on the real 2 brackets won't even make up for that. the real 3% are small agencies who supply approximately seventy 5% of the jobs are focused for a tax boost. they'll enhance their fees and the shoppers will pay their extra tax and that they'll probable lay off extra human beings. The extra taxes would be paid for by using you and me. the wealthy persons will locate extra tax shelters and positively pay much less in taxes. those human beings understand how issues artwork. You human beings do not. removing deductions and loopholes might effect in them paying extra in taxes yet that may not what the president is definitely attempting to end. He merely needs you to think of he's being honest because of fact he's conscious how dumb the final public certainly is.
2016-11-27 20:13:13 · answer #2 · answered by ? 4 · 0⤊ 0⤋
Middle class tax cuts????
Families in the middle fifth of annual earnings, who had average incomes of $56,200 in 2004, saw their average effective tax rate edge down to 2.9 percent in 2004 from 5 percent in 2000. That translated to an average tax cut of $1,180 per household, but the tax rate actually increased slightly from 2003.
Tax cuts were much deeper, and affected far more money, for families in the highest income categories. Households in the top 1 percent of earnings, which had an average income of $1.25 million, saw their effective individual tax rates drop to 19.6 percent in 2004 from 24.2 percent in 2000. The rate cut was twice as deep as for middle-income families, and it translated to an average tax cut of almost $58,000.
I disagree with whatever story you read. The Dems will leave people under $200,000 alone and go after the top 1% earners. Also the middle class has had taxes raised in the form of state taxes & fees, which are higher overall.
2007-03-21 09:12:44 · answer #3 · answered by Middleclassandnotquiet 6 · 1⤊ 3⤋
Yes, it does. The Dems were just counting on the majority of us to be too stupid to realize the truth.
What dem in Congress is going to go around raising the taxes on the rich. Not one. Why? Because they are the rich. Ie.. Nancy Pelosi, John Kerry, Barbara Boxer, Ted Kennedy, and the list goes on and on and on......
2007-03-21 09:08:12 · answer #4 · answered by Anonymous · 4⤊ 2⤋
In case u haven't noticed...anyone who has busted their *** and is making a fair chunk of change now is considered the rich to the dems...10% of the people in this country pay over 80% of the taxes...
2007-03-21 09:06:46 · answer #5 · answered by Steelhead 5 · 5⤊ 2⤋
What do you expect from the Democrats, they say one thing, but do another.
You can bet with the Democrats in charge that your taxes will go up, unless you are lazy and don't want to work, then you will get welfare.
2007-03-21 09:06:21 · answer #6 · answered by Duh 3 · 6⤊ 2⤋
What tax break for the middle class are you referring to? The $40 phone credit we all got? The supposed break the middle class got wasn't even enough for a trip to Wal Mart for a grocery run.
2007-03-21 09:07:32 · answer #7 · answered by Spirish_1 5 · 2⤊ 5⤋
Dems love to screw anyone with a job.
2007-03-21 09:04:57 · answer #8 · answered by duck 2 · 6⤊ 2⤋
I'm trying to understand you, is this something new because they all ways do that.
2007-03-21 09:06:32 · answer #9 · answered by AFIN 3 · 5⤊ 1⤋
typical of them
2007-03-21 09:47:03 · answer #10 · answered by georgewallace78 6 · 1⤊ 1⤋