Posted on 11/25/2006 11:04:56 PM PST by Zakeet
During the recent off-year elections, the president repeatedly pointed to the booming economy and noted that his tax cuts were responsible. With growth strong and unemployment low despite the ending of the stock-market bubble, terrorist attacks and the war in Iraq, he had every reason to be proud. Moreover, both economic theory and the actual timing of the economic revival support his claims regarding the tax cuts.
That is why it is so odd that rumors swarm around Washington that the president may be willing to raise taxes as part of a "deal" on entitlement reform. In particular, the rumors suggest the president might be willing to get rid of the provision that caps the income level used to compute Social Security taxes and benefits. These rumors aren't without substance; last year the president would not rule out raising the cap when asked.
Doing so would raise the marginal tax rate on the entrepreneurs that Mr. Bush credits for having led the economic recovery by more than 10 percentage points. The new effective rate would be five percentage points above the level when he took office. Moreover, in 2011, the rate would go up a further 4.3 percentage points to an effective 53% marginal rate on entrepreneurial income. The president would thus be not just raising taxes on entrepreneurs to well above the levels that prevailed in the Clinton administration, but to a rate higher than that which prevailed in the Carter administration. Most of the improved incentives for entrepreneurship and work brought about under Reagan would be repealed.
Should the president do this, he doubtless would be thinking that saving Social Security would be worth the price. He would be wrong.
(Excerpt) Read more at opinionjournal.com ...
McQueeg will NOT win the primary, n00b.
In case you haven't noticed, we are discussing the "WHAT IF" of this article! I guess no rumors should be posted here anymore, as we are not to discuss them!
It is enough at times to make you wonder if we have been infiltrated by a unique and elite cadre of moonbats who can recognize cusswords and are 99% successful at editing them out of their posts...
And it would REALLY help all of you, to realize just who wrote this absurd drivel.
Bashed and slashed the President while their good friends, those great Americans, were treated to hugs and kisses.
Is it any wonder we are now faced with the unthinkable?
Betrayed our military, lost Rumsfeld, tax cuts in jeopardy, not a chance in hell of getting another conservative judge confirmed, any hope of a border fence GONE GONE GONE.
We have been infiltrated by people who do not belong here at all!
Did you see the thread last night that Kristinn put up?
It was pretty much on point. IMO
And let me tell you, there are more damned trolls on that thread, who should all be banned, than I can remember seeing in a VERY long time! The guy I was fighting with was banned and perhaps one other, but that still left many, who were posting as though that thread was on DU.
BRAVA!
I was tired last night and after reading about 2 pages, I was done with it!
I was shaking my head the whole time, and my blood was boiling so I just left without posting!!
Glad you were over there!
I bet you missed the posts that called for America to be NUKED, so that we would then "turn Mecca into glass", etc. These cretins want millions of their fellow Americans nuked ( of course, they NEVER think that perhaps they and/or their friends and relatives just might be amongst those murdered or maimed ), so that finally, FINALLY the president will kill off every single Muslim in the entire world.
It makes you wonder why parents are letting their 12 year olds post to FR at 2 in the morning.
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I'd add bold emphasis, but then, I'd end up putting darned near the whole quote in boldface...
I agree. This is not even a "trial balloon" - - it is utter horse manure, likely planted by a rat operative. No matter what anybody thinks about George W. Bush, to believe for a second that he would suddenly attempt to eradicate the Republican party with a "compromise" like this is playing with himself.
It is extremely disappointing to see a normally reputable paper like the Wall Street Journal let a writer run hog wild with an obviously bogus rumor like this, even though the writer, ignoring political reality and writing as if the rumor might be true, wastes his time discussing why such a "compromise" would harm the economy.
Regards,
LH
I don't think I could stomach reading such apparent ignorance and stupidity, not to mention it's down right scary!
Going to bed now, so I can get up and read more gloom and doom from the FWF (Fair Weather Freepers)and trolls in the morning!!!!
Nighty night, or um Good morning...LOL
I read it back in '99 and that was like a breath of fresh air. I was so sick of the MSM cable news spin then...at least I get to take the 'edge' off that here.
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