To: IBD editorial writer
The Congressional budget office says the top 20% of earners pay 68% of all the income taxes paid while the bottom 20% pay nothing. Obama says 68% is not a fair share, and I agree with him. The top earners do indeed deserve a tax cut.
2 posted on
07/17/2012 5:09:01 AM PDT by
csmusaret
(I will give Obama credit for one thing- he is living proof that familiarity breeds contempt.)
To: csmusaret
MYTH: The Bush tax cuts caused the deficit. FACT: In 2002, tax revenues were $1.85 trillion. In 2007, revenues were $2.57 trillion — a 39 percent INCREASE.
3 posted on
07/17/2012 5:09:54 AM PDT by
csmusaret
(I will give Obama credit for one thing- he is living proof that familiarity breeds contempt.)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson