Raising the top marginal on people

Post #295,116 by bepatient 10/25/07 10:06:34 PM Reply	Raising the top marginal on people by 4% plus letting the current tax cuts lapse is a definite increase. Dropping the marginal on corporations is unwise. And yes, as painful as it is to me I am in support of additional taxes at this point...or at least a drastic reduction in spending. I'd prefer to do it with only spending reductions...but we have to pay down the debt. Right now, China could almost destroy this country without firing a shot. Too much of today's music is fashionable crap dressed as artistry._{Adrian Belew}
Post #295,119 by Another Scott 10/25/07 10:33:42 PM Reply	Point of order. ...letting the current tax cuts lapse is a definite increase. If nothing is done, [link\|http://www.nytimes.com/2006/05/12/washington/12spend.html?th=&emc=th&pagewanted=all\|Bush's tax cuts will expire at the end of 2010]. One of the reasons why the Bush tax cuts passed in the first place is that they were [link\|http://www.brookings.edu/opinions/2004/0121useconomics_gale.aspx\|designed to be temporary]: Is allowing the tax cuts to expire equivalent to a legislated tax increase, as the President and others have claimed? Whatever it is called, it should be noted that this is what supporters of the 2001, 2002, and 2003 tax cuts voted for. In each case, tax cutters could have obtained smaller immediate cuts that would have been made permanent, but in each case they chose larger short-term cuts that expire. It's not an "increase" to return to the status quo ante, IMO, because the cut was always understood to be temporary. Cheers, Scott.
Post #295,120 by bepatient 10/25/07 10:39:35 PM Reply	The 4 points is an increase regardless. Too much of today's music is fashionable crap dressed as artistry._{Adrian Belew}
Post #295,126 by Simon_Jester 10/25/07 10:56:09 PM Reply	Not to conservatives. Any increase in taxes (by a Democrat) constitute an "raisin' my taxes". BP is out of line anyway, he just doesn't like it when Democrats threaten to fund their programs the same way as Conservatives.
Post #295,146 by bepatient 10/26/07 8:53:47 AM Reply	Not so The current brand of "conservative" seems to like to cut taxes and increase spending. The dems like to increase spending and taxes both. I want spending to go south and taxes to go slightly north until we gain a measure of fiscal independence. We'll need several years of ACTUAL surplus, not the pretend kind we almost had before we lost them. Too much of today's music is fashionable crap dressed as artistry._{Adrian Belew}

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