Why Taxes Have to Go Up (The NY Times explains Democratic policy -- not so secretly)

New York Times ^ | October 21, 2004 | Editorial

[okie01]

Actually, we should bring back war bonds to pay for the war on terror. I'm sure quite a few people would buy them.

How would that be different from what is happening now?

The deficit is financed by bond sales -- in various denominations and time spans. "War bonds" would simply involve making them in lower denominations and selling them over the counter -- at a higher cost and, thus, lower return.

[rudehost]

If the pre-Bush tax rates were restored for the top 25 percent of taxpayers, a vast majority of filers - in the 15 percent tax bracket and below - would still be shielded from an increased burden.

Correct me if I am wrong but aren't those people in the lower brackets the ones consuming the vast majority of government services?

[MHT]

At least if we can keep the House, Kerry can't raise our taxes by executive order! He isn't King yet!

[ken5050]

There is only ONE reason for the Times to print this..it makes Maureen Dowd look almost sane by comoarison..