This is 10 times larger than the largest tax increase in 1993 by Bill Clinton.
http://epw.senate.gov/public/index.cfm?FuseAction=Minority.Facts&ContentRecord_id=71d7ea1f-802a-23ad-47d6-eeb1dabe3d24&IsTextOnly=True
2007-06-28 11:02:25 · 25 answers · asked by $1,539,684,631,121 Clinton Debt 6 in Politics & Government ➔ Other - Politics & Government
Further proof of the tax and spend liberal mentality.
Let's elect hillary and let another clinton make a joke out of the whitehouse.
2007-06-28 11:04:26 · answer #1 · answered by infobrokernate 6 · 6⤊ 5⤋
Duh, tell me something that might suprise me.
Actually while I was answering this, Michael P just did.
He said Reagan had the largest tax increase. Hmmm, I remember him reversing bracket creep. I remember him reducing tax rates TWICE. But I don't remember that huge tax increase. The economy didn't either.
Maybe you should tell the dems this, I imagine they'd get some traction calling Reagan a tax INCREASER.
His tax cuts did increase the amount of taxes collected by the federal government. Just as the taxes collected this year are apparently way above what was projected. Something about economic growth I think. Or the rich actuallly seeking to make more money (and therefore paying MORE taxes) even though the rates were cut.
2007-06-28 11:11:49 · answer #2 · answered by Scott L 4 · 2⤊ 0⤋
that's on average... it's really only taking away the tax cuts and so many on the upper end have been making so much money... it will add up to quite a bit... for them
I got like $100 back... I'll give back my part if they will give back theirs...hahaha
did you catch the Warren Buffet story the other day... he pays much less in taxes THAN I DO! like 15 percent...
GOD FORBID he pay as much as I do... I don't think he can afford it...
2007-06-28 11:06:30 · answer #3 · answered by Anonymous · 2⤊ 1⤋
The largest tax increase ever, when inflation is factored in, came to us in 1982, from Ronald Reagan. That is the truth.
And we need another tax increase, as we did then, as we did in 1993. To balance the budget, something Clinton did, and Reagan only promised to do, never even submitting a budget with a deficit smaller than the one he inherited.
We need a BIG tax hike, and let's start with the people who benefited the most from Bush's crazy harebrained tax scheme. (Oh, if only Al "risky tax scheme" had watched "The Honeymooners!") After all, as Bill Gates and Warren Buffett are gladly proving, they never needed a tax cut. In fact, a smart Democrat running in 2008 could ask, "Does Paris Hilton need a tax cut?" Only a damn fool would say, "Yes."
2007-06-28 11:10:56 · answer #4 · answered by Anonymous · 2⤊ 5⤋
That's no surprise to me.
We can't balance the budget by raising taxes. That only keeps people from spending money on other things.
The only way to stimulate the economy is to actually get rid of the IRS.
Think of this...
IRS takes 28% before you even see your paycheck.
Sales tax is about 8% depending on your area.
Get rid of IRS.
You now have 28% MORE money in your pocket.
Raise sales tax to 16%
You STILL have 20% more money in your pocket.
*BTW...people that work "under the table" can't get away from sales tax8
If we have more money, we'll spend more, spend more, more needs to be made, makes more jobs, makes more people with more money in their pocket, makes more taxes paid, ect...
2007-06-28 11:10:56 · answer #5 · answered by Anonymous · 2⤊ 2⤋
I think the government might as well just take our entire pay check. Most people already struggle to keep up with the current tax rates. Its just another way to keep the poor man poor, and eliminate the middle class.
2007-06-28 11:10:21 · answer #6 · answered by Anonymous · 2⤊ 2⤋
The debacle in Iraq has to be paid for some how.
I didn't support the war, the warmongers that voted for it and supported it did.
Let the money come out of their pockets.
2007-06-28 11:28:09 · answer #7 · answered by sprcpt 6 · 1⤊ 1⤋
Well because in the end, the cost of the Iraq war is expected to exceed 1 trillion dollars. Our current leader had but us into a major deficit crisis.
http://www.commondreams.org/views04/1022-26.htm
2007-06-28 11:10:23 · answer #8 · answered by littletricky 4 · 1⤊ 3⤋
yeah check out this too http://www.youtube.com/user/prochoicefred who flip flops the biggest?
I think it's great that you posted this to show how bad Democrats are when it comes to taxes. You get a star.
2007-06-28 11:07:04 · answer #9 · answered by jared l 4 · 2⤊ 0⤋
And the really amusing thing is.. even if the chicken little's are correct and we can impact global warming ( which isn't likely ), the Kyoto nonsense will have ZERO impact.
Paying some 3rd world country to allow yourself to keep the same emissions accomplishes nothing.
It's nothing more than state welfare.
2007-06-28 11:07:52 · answer #10 · answered by Anonymous · 3⤊ 3⤋
Well, hopefully i'll be debt free by 2015 so I can pay that much. That means I'll have to work nearly an extra 4 hours a week just to pay the extra taxes.
2007-06-28 11:08:38 · answer #11 · answered by civil_av8r 7 · 0⤊ 4⤋