Biggest Tax Hike in American History

FreedomWorks ^

[acbrown]

President Bush’s tax cuts of 2001 and 2003 helped spur growth after 9/11 and the dotcom bust. Unfortunately, liberals want to allow the Bush tax cuts to expire, thus creating the largest tax increase in American history. If Congress does not vote to make the tax cuts permanent, American families could be facing a tax hike of $280 billion dollars every year. I don’t need to tell you how damaging that tax hike would be in terms of jobs and wealth creation. Please help us convince Congress to make the tax cuts permanent, so that our economy can grow and compete with the rest of the world.

Please follow the link below and tell Congress to make the tax cuts permanent.

http://www.capwiz.com/freedomworks/issues/alert/?alertid=11452806

- A. Brown, FreedomWorks

[Resolute Conservative]

They don’t care.

[Anti-Bubba182]

The DEMOCRATS are doing this the GOP gets the blame.

[CPOSharky]

Is that $280 billion based on todays income? If not, what about after the income drops because if the negative effect of more income taxes?

Revenue went up after the tax cuts, what do the demonrats expect after a tax increase?

[spinestein]

Most American voters WANT tax increases. The pendulum has swung back the other way and “tax and spend” politicians are popular again. The typical voter thinks that taxes will only be raised on OTHER people and that taking money out of the private sector to be spent by the government is not only more compassionate, but also more efficient.

My best guess is that this will continue until the Feds completely run out of money in the general fund and in Social Security and Medicare in the next decade and there will be no one willing to extend Uncle Sam any more credit and the country will be officially bankrupt.

I hope I’m wrong, but the fiscally reckless politicians the public have been enthusiastically supporting lately don’t fill me with any optimism.

[hermgem]

Repealing a tax cut comes down to increasing taxes.
Simple, isn't it.
Obama obviously finds this hard to understand. Bill Clinton prior to his election promised tax cuts but then turned around with the largest tax increase in history.
Repealing Clinton's tax increase would restore fairness, balance and restore faith to another promise not kept by Dem's.

[Wolfie]

“Spend” politicians are always in style.

[LTCJ]

There was a time when we threw tea parties over such things.

One has to wonder.

[21twelve]

“Revenue went up after the tax cuts...”

That’s impossible. How in the world can the government get more money by demanding less of a percentage? 30% of $100 is more than 15% of $100.

Signed - A Typical CNN Watching Voter

I have seen a few speeches where President Bush explains some simple Econ 101 - but you sure have to be on the lookout for them. One of the things that I wish he did more was use the “bully pulpit” more - like he did after 9-11. He obviously can’t rely on CNN or any of the networks.

[alloysteel]

Here is what is going to happen - the expected revenue will never be realized, and in fact, the overall revenue will DROP, for a couple of reasons. The capital that would be realized from profits, when this capital would be surrendered up to government, will not be available for new ventures, which in themselves would be revenue generators.

It is like a crack in the dam, which on widening, destroys the entire dam, thus removing it from any generation of energy or availabilty for irrigation.

But of course, this allusion would completely escape the grasping tax “experts”.

[TigersEye]

Which would soon be dwarfed by increases for amnesty and cap-and-trade carbon scams.