[Trapped Behind Enemy Lines]

Lower tax rates actually yield HIGHER tax revenue.

But the Democrats don’t care about that.

Obama explained why when he was on the campaign trail:

It’s about REVENGE.

[mbarker12474]

Duh.

[KeyLargo]

Starbucks owners say they gladly pay more taxes.

Starbucks Asks for Five Buck Donations to Help Obama Economy
October 04, 2011

BEGIN TRANSCRIPT

RUSH: Get this. Starbucks is gonna start accepting donations to help the economy. According to the AP: “Starting Nov. 1, Starbucks will begin collecting donations of $5 or more from customers to stimulate US job growth through its ‘Jobs for USA’ program.”

http://www.rushlimbaugh.com/daily/2011/10/04/starbucks_asks_for_five_buck_donations_to_help_obama_economy

www.chicagotribune.com/business/breaking/chi-starbucks-to-change-accounting-practices-pay-more-tax-in-uk-20121206,0,6556727.story
chicagotribune.com

Starbucks to change accounting practices, pay more tax in UK

Reuters

7:22 AM CST, December 6, 2012

Coffee chain Starbucks said it could pay up to 20 million pounds more in tax as it announced plans to change its accounting practices, surrendering to criticism from lawmakers, campaigners and the media.

A Reuters examination of Starbucks accounts published in October showed the company had reported 13 years of losses at its UK unit, even as it told investors the operation was profitable and among the best performing of its overseas markets.

“We are making a commitment that we will propose to pay a significant amount of corporation tax during 2013 and 2014 regardless of whether our company is profitable during these years,” Starbucks UK managing director Kris Engskov said in the transcript of a speech sent to Reuters.

“We are still working through some of the calculations, but we believe we could pay or prepay somewhere in the range of 10 million pounds in each of the next two years in addition to the variety of taxes we already pay.”

[KeyLargo]

Geithner: White House ‘absolutely’ Willing to go off ‘fiscal cliff’

(WASHINGTON) — Treasury Secretary Timothy Geithner on Wednesday said the Obama administration is “absolutely” prepared to go off the looming “fiscal cliff” if Republicans do not agree to raise tax rates on the wealthy.

http://www.wlsam.com/default.asp

[Hoodat]

as historian Paul Rahe wrote earlier this year, "we no longer have the resources to support the entitlement state.

As long as this machine keeps working, Obama has all the resource he needs.

[Vaduz]

Looks as if Obama&Co think trickle down poverty is a good thing.

[infowarrior]

Actually, high earners don't make enough money to close the current budget deficit. You'd need to raise taxes on middle-income earners too.

Obama and the Dems know this is true as well as I do. Whenever I hear them go "Tax the rich", I know what they are *really* saying is "tax the middle class".

They are dishonest to the core...

the infowarrior