Thursday, October 7, 2010

Obama's "Tax Cuts"

They’re always talking about them, but in reality, they don’t exist. What they are is “targeted tax rebates.” Basically they’re saying, “If you follow orders, we’ll let you keep a little more of the money you earned. Bush’s and Reagan’s tax cuts were REALLY tax cuts. They cut the basic rate at which we were taxed, and until the Democrats brought it back up over the years, cut it from 70 some percent down to 28%. Reagan’s created the biggest, longest-lasting economic boom in history while nearly DOUBLING the “tax take.” Bush’s continued the boom and ALSO increased the “tax take,” though not as much. Ever since Obama came into office, taxes have been going up apace, right along with the “give-aways.” Obama just doesn't realize that increasing taxes in a recession (even if he created it to get elected) will only make things worse. Or does he? Is making it worse part of his plan? (Just common sense)

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