Posted on 08/10/2011 5:53:24 PM PDT by SeekAndFind
The White House is poised to revive efforts to repeal the Bush-era tax cuts, according to the website Humanevents.com.
The website reached the conclusion from comments made by President Barack Obama as well as his press secretary Jay Carney in recent days.
The administration will likely look to pre-empt the debt-ceiling super committee as it crafts the next stage of the debt-reduction package by insisting that those earning over $250,000 a year be more inclined to pay their fair share in taxes, the website says.
Carney cited House Speaker John Boehner’s support of generating $800 billion in revenue when the debt-ceiling talks broke down
(Excerpt) Read more at newsmax.com ...
If you ran a business during the Bush tax cut era, then you know that although Federal Income tax rates were favorable, the ‘state’ did not lose any revenue.
No one talks about the increase of fees and permits, like the CAT (Commercial Activity Tax) and a UCF (Universal Carrier Fee) that other departments added.
Ezra Klein claimed that the Bush tax cuts ‘for the rich’ cost the government $1.8T. I call BS
If you ran a business during the Bush tax cut era, then you know that although Federal Income tax rates were favorable, the ‘state’ did not lose any revenue.
No one talks about the increase of fees and permits, like the CAT (Commercial Activity Tax) and a UCF (Universal Carrier Fee) that other departments added.
Ezra Klein claimed that the Bush tax cuts ‘for the rich’ cost the government $1.8T. I call BS.
Hauser’s Law proves the Federal Government collects no more than 20% GDP. We don’t want to be breaking the law, now do we?
I have been in business since 1973 and I have been at it at my present business for 38 years. I have NEVER seen things as bad as they are now. Hell... the carter years were boom times when compared to these... and those were awful years!
LLS
So he wants to repeal the bill that he and the lame duck Democratic Congress passed last December. This guy has a really short memory.
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