when Kerry says he's only going to raise taxes on those making over 200,000, and then promisses 2.2 trillion in goodies, surely the more intelegent will look at those numbers, and see that it's not possible to raise that kind of money on the top wage earners.
Another point is that the roll back of Bush's tax cuts, which John Kerry says he WILL do, impact everyone, not just those making over 200,000.
We are heading into an economic cycle, a downturn. These things happen every 4-5 years, it's just the way things work, things slow down and stablize, intrest goes up, and debts get paid down.
Does anyone really want Kerry, with 2.2 trillion in spending promises in power, where he's PROMISING you that he's going to drasticly increase your taxes, at a time you can LEAST afford it? Democrats have to be nuts to want to do that to themselves. Mind you, most of the loony left have no money. This kind of economic planning is probably why.
The rich Democrats, like kerry and Edwards, hide in tax loopholes they create for themselves, As Cheney pointed out what Edwards does to avoid medicare taxes. You can be sure that kerry and his liberals will make sure that the middle class, upper middle class pay the brunt of the taxes. You are fooling yourself if you think otherwise.
I've seen the figures, President Bush actually paid more in taxes (by percentage of income) than the Kerry family did.
And he's going to give the money to the Democrat voting base. (Are there any social spending programs designed for the right wing voters?)
Once more from the IRS income distribution stats http://www.irs.gov/pub/irs-soi/01in03ts.xls
The top 2% of returns ($199,620 cut off) have a total federal income tax of about $367 billion. Even if he could double that tax, which is vastly more than he is proposing, he still doesn't come close to the $2.2 trillion he wants (how many years is that spending over?).
If he were to double income taxes for the top 2%, they would quickly stash their money into tax free income methods (like municipal bonds) like some senator and his billionaire wife do.