This is a press release from Rob Portman's website. It's important because it shows the fundamental unfairness of the progressive income tax. It's also important because Rob Portman is on everyone's shortlist for Romney's VP. The press release explains that Bush's tax cuts actually made the income tax more progressive. This is ironic, considering the Democrat's criticism of Bush's "tax breaks for the rich."
From the article:
“While President Obama calls for higher taxes on jobs creators, two new government reports undercut his class warfare argument and the basis for calls for higher taxes. While I doubt these new studies will cause President Obama to change his tune, because too often, with this President, politics trumps good policy, yet another of his straw men has fallen flat. As the nation careens toward a fiscal cliff, real leadership, not more rhetoric and finger pointing, is necessary to reform our tax code and address Washington’s out of control spending."
In a second report, the CBO said that in both 2008 and 2009, the highest-earning 20 percent of taxpayers paid 94 percent of the total income tax burden – up from 86 percent in 2007, and 81 percent before the 2001 tax cuts. In other words, higher-income Americans have been paying a bigger and bigger part of the total tax burden under the so-called “Bush tax cuts.”
http://portman.senate.gov/public/ind...8-42c510de959f
- joe bloe
- 07-12-2012, 10:57 AM
- CJ7
- 07-12-2012, 11:05 AM
calls for higher taxes on jobs creators?
yeah buddy, those tax cuts created the living hell out of jobs in 2008 and 2009 didnt they?
speaking of strawmen, dont get too close to an open fire joey.
yeah buddy, those tax cuts created the living hell out of jobs in 2008 and 2009 didnt they?
speaking of strawmen, dont get too close to an open fire joey.
- Doove
- 07-12-2012, 12:09 PM
I think the straw man here is the idea that this is class warfare.
Apparently Rob Portman and COG went to the same Straw-Man school.
Apparently Rob Portman and COG went to the same Straw-Man school.
- CJ7
- 07-12-2012, 12:20 PM
- Whirlaway
- 07-12-2012, 02:17 PM
And the scoring on ObamaCareTax shows 78% of the tax burden will fall on households earining under $120,000......so much for Obama's claim that he is working in the interest of middle class Americans.
He really is screwing us boys and girls.................
He really is screwing us boys and girls.................
- CJ7
- 07-12-2012, 02:31 PM
And the scoring on ObamaCareTax shows 78% of the tax burden will fall on households earining under $120,000......so much for Obama's claim that he is working in the interest of middle class Americans.
He really is screwing us boys and girls................. Originally Posted by Whirlaway
you and joe force me to keep posting this ...
Tax Credits
- Tax credits for individuals and families with incomes up to 400 percent of poverty (which is just over $88,000 for a family of four).
- Tax credits up to 35% – 50% of costs for some small businesses.
- Raise Medicare payroll tax to 2.35% from 1.45% for individuals earning more than $200,000 ($250,000 for married couples).
- Expand Medicare tax to include unearned income of 3.8% on investment income making more than $200,000 ($250,000 for families).
- CuteOldGuy
- 07-12-2012, 02:35 PM
Exploiting the differences among classes for political advantage is a strawman argument? C'mon, Doofie. We've been through this before. Please pay attention.
