R U paying more taxes under Obama?

anonymous_1713 Published:

President Obama said during the campaign, “How many people here know that not only did we cut your taxes when I first came into office, but back in December we just cut your taxes again? Taxes are lower now than they have been in a generation. Taxes are a lot lower now than they were under Ronald Reagan. They’re lower than they were under Bill Clinton. They’re lower than they were under George Bush, in many cases."

The American Recovery and Reinvestment Act, or as often referred to “stimulus act” passed in 2009, contained $237 billion in tax cuts for individuals and $51 billion for businesses. This included a payroll tax credit of $116 billion for those earning less than $75,000.

So, why didn't a lot of people know that? Well, they weren't exactly crowing about it on Rush Limbaugh or FOX News for one thing. But also, workers were paying a little less each week in their payroll taxes, which may be why they didn’t notice the extra money like they did when stimulus checks were sent out under President George W. Bush. A national poll indicated that fewer than 10 percent of people knew that their taxes had been lowered. Being a low information voter didn't help matters much.

The nonpartisan Tax Policy Center estimated that the cuts saved 97 percent of U.S. households an average of $1,179 in 2009, and the program was extended in 2010.

The budget compromise with Republicans at the end of 2010 also ended up meaning lower taxes for about 80 percent of taxpayers, according to the Tax Policy Center.

The Tax Policy Center last week released an analysis called “Historical Federal Income Tax Rates for a Family of Four.” It looked at the average income tax rate based on the median income for a family of four from 1955 through 2010.

They found an average income tax rate under Reagan (1983) was 11.06%, Clinton (1992) was 9.18% and under President Obama in 2010, it was 4.68%.

So, for the vast majority of Americans, taxes were lowered through the stimulus package passed in 2009 and extended to 2010, and they were also lowered in the tax compromise between Obama and Republicans. Current rates are at historic lows compared with ones from 1955 — when the numbers started being tracked — through 2007.

Those are the facts.

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  • Is that where your warped world views come from? LOL You democrats are the only ones watching. It's your soap opera you can't stay away from. And you idiots believe referencing Fox news, or calling somebody racist, is the end of all arguments. Just makes you look like the idiot your are. You are significantly older than me. You'll learn the truth first and I know for sure you'll regret the day you voted for Obama. Double regret it. ROFL

  • "'just don't get sick if you can't afford it' well now that's the truest thing I have heard about Obamacare." Yeah, that is what they preach over in the FOX News bubble. I know because I watch FOX News so that these fine folks don't have to.

  • okay try this again he ' ll

  • Interesting **** is ***ed out. I guess in connection with Obama it's an expletive ROFL

  • 'just don't get sick if you can't afford it' well now that's the truest thing I have heard about Obamacare. And employers would give raises if the economy would look up, but it doesn't thanks to Obama. But you are not interested in the statistics, are you? Or why the president let the social security tax go up. Hahaha, you so believe everything they feed you?? Man start reading outside the US to hear some truth. Or fork over another $6.4 million for an Obama family vacation in Hawaii. We are all equal but some are more equal than others. Enjoy your Obama take your pill and please die quickly care. **** be able to rob social security soon enough since noone will live long enough to enjoy it. lol

  • If employers would pay a decent "living wage" and give their employees a raise once in a while you would not have seen your wages decrease. The president wanted to keep the social security taxes at 4.5% but Republicans shot that down. The economy is growing. It is not losing jobs like it was when Bush was in office. And Obamacare is much better than the Republican's plan......NoCare...just don't get sick if you can't afford it.

  • Yeah, people will know the truth with the delivery of the next paycheck. So much for tax cuts for just the rich or over $400k. Of course you wouldn't know much about that 1713 being that you have been a leach for years with your early retirement. No wonder the KY pension fund has so many problems. Thank you for that. You should be worried about Medicare. But you should fear Obamacare. Inactivity and lack of productivity... leads to early demise. And where exactly is the economy getting better? Not in the big picture. I hear people have been hired. They never tell you how many lost their jobs in the same time frame, how many went off unemployment because they were on it for too long... But YOU can't stand the truth, can you?

  • Gone for whom, mommy? Oh yeah, those that make over $400,000 a year in salary...er ah, that does NOT include you, hon. The nonpartisan Congressional Budget Office determined that the Medicare provisions in President Obama's health care law would save $700 BILLION over a decade and EXTENDS THE LIFE OF MEDICARE. Extends it EIGHT YEARS. The economy is getting better by the day, and YOU can't stand it, can you?

  • Well, that lovely little Obama tax reduction is now gone. On top of that we'll start to see the price of all the little taxes hidden away in Obamacare. Granted, some we don't pay directly. However, you'd be a fool to think they don't pass on the costs to the customers. Another recession is on the horizon.

  • For being such a racially pure, misogynistic, homophobic, religious zealot, intolerant, myopic blusterous war-loving tribe, these Teabaggers can quickly regress into their whiny, victimized, overly sentimental, fetal position. Dr Freud would have a field day with these guys. Clueless? Yes. But I think it is more. It is amazing how they related to the real Mitt Romney...the guy being covertly videoed talking talking to his rich base about those lazy mooching 47%, and recorded on the phone crying about the Democrats bought the election by giving blacks and hispanics gifts paid for by the taxes of hard working Americans. Yet they are dumb enough to believe that he had their best interest at heart.

  • Fractured fairy tales are not REAL FACTS, 671. The President extended the Bush tax cuts in 2009 as part of a deal with the Republicans to raise the debt ceiling, with which they were holding Americans hostage. This is all very well documented but here it one source: .......................................................................................................................................................................................................................................................................................................................................................................................................................................................................... http://thinkprogress.org/politics/2010/12/06/133680/obama-tax-deal/ ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................. The numerous tax cuts since then have had nothing to do with Dubya, and nobody has contended that they did except anonymous...who says lots of stuff...like blah, blah blah.

  • Thanks for posting the REAL FACTS, anonymous.

  • Thank you President Bush for introducing the tax cuts that now Obama takes credit for! Oh, and thank you President Obama to cut it further by the little spare change. And thank you President Obama for giving me the spare change so I could afford a little bit more in groceries after the prices went up so much after you wrecked the economy. Thank you so much! Oh, and thanks in advance for the huge tax increases we'll be facing in the near future thanks to Obamacare. I'm more than willing to give you, Obama, all the credit you deserve! ROFL! No, thanks to Bush I paid less under Obama until the end of this year. Thanks to Obama I'll pay more by the time his second term is over, significantly more. And I earn less than a fifth of what he claims should pay more. Good luck with your pension, 1713. Hope you'll enjoy paying high taxes on them and the cadillac insurance afforded to you by the state of ky. But you can always switch to Obamacare. Nobody stated how much it would cost you or the level of care you'll get. But they'll legalize enough drugs by then, you might even get them under Obamacare. They'll prefer to have you in a delirious state where you don't realize what crap you signed up for. The faster you'll push the daisies, the less cost for them.

  • Let's cut through all the BS here. The fact remains, the answer to the question posed, "R U PAYING MORE TAXES UNDER OBAMA?", is a resounding NO! In fact, you are paying less. Thank you President Obama!

  • 671, please explain exactly what I wrote that is garbage?

  • mom3 and anonymous, you are both right. Life is so much more enjoyable, NOT reading 1713's garbage!!!!!!

  • mom3, you are right, he doesn't understand what he is posting. Hence the lack of debate skills. 1713 is just parroting what his propaganda websites tell him to copy/paste. In early retirement he simply has nothing better to do. You are doing yourself a great favor not reading that stuff. At one point he was banned when it got creepy and dirty.

  • mom3 and 570, I think that we all can understand this though, can't we? ................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. "The nonpartisan Tax Policy Center estimated that the cuts saved 97 percent of U.S. households an average of $1,179 in 2009, and the program was extended in 2010. The budget compromise with Republicans at the end of 2010 also ended up meaning lower taxes for about 80 percent of taxpayers, according to the Tax Policy Center. The Tax Policy Center last week released an analysis called “Historical Federal Income Tax Rates for a Family of Four.” It looked at the average income tax rate based on the median income for a family of four from 1955 through 2010. They found an average income tax rate under Reagan (1983) was 11.06%, Clinton (1992) was 9.18% and under President Obama in 2010, it was 4.68%." ........................................................................................................................................................................................................................................................................................................................................................................................................................................................................... So we don't need to be hearing any more of this malarkey about Obama's tax policies being so high...it just ain't so.

  • The argument is whether we should raise taxes on the rich back to the levels during the Clinton years, when the rich got richer every day, thank you. The whole "class warfare" thing is about raising the tax rate from 35% to 39% for only the income ABOVE $250,000. The rate for those making over $250,000 will not change for all of their income under that amount. It is paying fairer tax rates, that is what it is all about. No when you have no defense about paying fairer tax rates what do you have to do? You have to come up with a lie, you have to come up with a slogan...class warfare.

  • One thing for sure, mom3, you can't understand any of the stuff that I post. Hint: they were not written with you in mind.

  • mach570, he has no idea how to solve the problem. I doubt he even understands half the stuff he posts.

  • 570, where was I wrong in defining the problem? The President's proposal is to allow the bush tax cuts for the very wealthy to expire on only their income over $250,000, or about 4%. Everything else that they make under that amount would still be taxed under an extension of the Bush tax cuts. Everybody else would still be covered also...er um, that would be YOU! For some reason, you right wingers keep buying into the FOX News drivel that everybody's taxes are going to be "raised". Doohh! Who's side are YOU on, your own or those rich mac-daddies for whom you seem to be rolling over and having their way with you. Why you do'dat, anyway? Business did just fine in the recent past with much higher rates on the rich than even under the Clinton years...don't worry about them, they have all of the resources to tilt and grease the table so that most is going to flow their way. The hard data, like the OCT 2011 study results from the Congressional Budget Office, reveals income gains for the wealthy 1% grew from 9 percent of the nation’s income in 1976 to 24 percent today — a whopping 281% growth — while the bottom 99% saw an income gain of only 16% during the same period. Don't take my word for it, just look at what has been happening for yourself: http://veracitystew.com/2011/10/26/new-study-income-inequality-no-longer-a-myth-chart/ ......................................................................................................................................................................................................................................................................................................................................................................................................................................................................... Whose side are you on?

  • OK 1713 You have defined the problem,(so you think).Now besides raising taxes and having the goverment take care of everyone,how do you propose to solve the problem? Keep in mine that this country was founded on and made great by the capitalist way of running buisness. Please give me ideas that lean this way instead of the solialist way of solving it.Not saying the solialist way would not work for a while its just that is not the way I want to live.

  • smiley, I forgot to add this, "The overall S&P message seems to be that the downrating is not directly related to actual U.S. debt numbers (thank goodness, based on their own inability to do math), but is more closely based on the increasing belief that, due to ideological entrenchment, the government is incapable of dealing seriously with it—and that indeed the intentional political crisis surrounding the debt ceiling is the prime evidence of that. So... yes. Taking the debt ceiling hostage indeed managed to directly screw the economy after all."

  • smiley, whether you admit it or not (the facts are right there staring you in the face) the largest redistribution of wealth in the country IS the Blue states subsidizing the red states, and that has been occurring since the reconstruction period of the Civil War. You watch too much FOX News. ................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... Who cares about the right wing agenda of Moody, it was S&P that downgraded us from AAA to AA. What they said had more to do with Republican and TEa Party obstructionism than our national debt. ................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. “The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government’s medium-term debt dynamics. More broadly, the downgrade reflects our view that the effectiveness, stability, and predictability of American policymaking and political institutions have weakened at a time of ongoing fiscal and economic challenges to a degree more than we envisioned when we assigned a negative outlook to the rating on April 18, 2011.” ........................................................................................................................................................................................................................................................................................................................................................................................................................................................................... "We lowered our long-term rating on the U.S. because we believe that the prolonged controversy over raising the statutory debt ceiling and the related fiscal policy debate indicate that further near-term progress containing the growth in public spending, especially on entitlements, or on reaching an agreement on raising revenues is less likely than we previously assumed and will remain a contentious and fitful process." ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................."Compared with previous projections, our revised base case scenario now assumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012, remain in place. We have changed our assumption on this because the majority of Republicans in Congress continue to resist any measure that would raise revenues, a position we believe Congress reinforced by passing the act." ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................... "The political brinksmanship of recent months highlights what we see as America’s governance and policymaking becoming less stable, less effective, and less predictable than what we previously believed. The statutory debt ceiling and the threat of default have become political bargaining chips in the debate over fiscal policy. Despite this year’s wide-ranging debate, in our view, the differences between political parties have proven to be extraordinarily difficult to bridge, and, as we see it, the resulting agreement fell well short of the comprehensive fiscal consolidation program that some proponents had envisaged until quite recently. Republicans and Democrats have only been able to agree to relatively modest savings on discretionary spending while delegating to the Select Committee decisions on more comprehensive measures. It appears that for now, new revenues have dropped down on the menu of policy options. In addition, the plan envisions only minor policy changes on Medicare and little change in other entitlements, the containment of which we and most other independent observers regard as key to long-term fiscal sustainability."

  • The redistribution of wealth isn't taking money from "rich Northern states" to give to the South. This nation is borrowing its money from CHINA at a rate that we can't even afford the interest payments any longer. That's why Moody's has downgraded our country's credit rating. At some point China will call in our marker. The taxes from north to south thing is just a shell game to keep you from seeing the pea under the Chinese cup.

  • mach570, the problem with coal mining in Eastern KY is it is being out competed by natural gas. And nobody still has told me one thing that I have said was incorrect....just the same ol' same ol. .............................................................................................................................................................................................................................................................................................................................................................................................................................................................................. And mom3, girlfriend, I was't writing it for you anyway. no loss.

  • LOL!!!! mom3 almost on target. He's probably bitter he didn't get called for input for the flood story.

  • I don't even read 1713's comments anymore. They are incoherent ramblings of what I assume is a bitter old man.

  • Right on mach. From what she posts, 1713 wants a socialist government, where the government controls EVERYTHING. NO SOCIALIST GOVERNMENT HAS STOOD THE TESTS OF TIME. And that's a FACT.

  • 1713 thanks for agreeing with me there is no debate on this thread.Just your name calling(arrogant old white guys) and films from liberal news stations? Again I could look around in Fox's archives and find wrong things that democrat say but like I said I take what the cable news networks say with a grain of salt. If calling Hreman Cain an old white guy isnt name calling then I guess I am wrong.I bring up Herman Cain because he is a Republican and to call the people that are republican arrogant old white guys you include him. -------------------------------------------------------------------- The example I used about Jamestown may not had been Jamestown but unfortunally all I can remember I was watching a historian on cspan and that is what he quoted. I am sure I can find other cultures(hippy or whatever) this happened to except I dont need to because I am convinced that type of culture cannot survive.------------------------- Your comments about the republican party dieing off are probably true. As I have stated before it is just humman nature to take what is givin to them. I agree this country is leaning toward the liberal way of buisness because it is the easy way. Again as it has been proven this will lead to a more centralized goverment. Not the American way, at least it wasnt.------------------------------------------------------------------------ I also agree that Kentucky brings in more from the feds than it gives. One big reson is eastern Kentucky and the coal mines. Between the unions and the federal goverment the coal mines cannot operate. Before you say anything I agree the union was a good thing in the past, and they won all their battles with the proper laws being past. Now they are just a money hungry organization that prices buisness's out of existing(Hostess). --------------------------------------------------------------------------------------- Let me sum it all up less goverment and more people involved will help this country become the power it once was.

  • What debate? There hasn't been any debate on this thread. Nobody has even tried to make a rebuttal...just slurs and insults. No surprise here. Jon Stewart's show just compiled the actual video footage of these Republican clowns making their ridiculous predictions...none of which came true. Did you even watch it? Didn't think so. Can any of you name any dire prediction made by those Republicans that came true? Rove and Dick Morris were so far off during this last election, that FOX has pulled them from their lineup! It is hard for someone like them to become such an embarrassment that FOX News has to pull them off the air. It is really hard to argue the validity of these clips with the actual video showing that those words were coming out of their own mouths....what is there NOT to believe? That is unless you live in the FOX News bubble, where the patrons have been conditioned to not believe their own lying eyes, and instead believe what they tell you. The TRUTH has a decidedly liberal bias. ................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. Nobody yet has shown me that anything that I have written here is anything but the truth. Nobody has shown that the video clips of those dire right wing prognostications shown on the Daily Show are anything but factual representations of what those people actually said on FOX News. .......................................................................................................................................................................................................................................................................................................................................................................................................................................................................... What I have said is the truth, and they are only "nasty things" because that was their nature when they were done. I didn't make them nasty things just by recounting them. .......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... I didn't say that 671 was "wrong", I said that they had not said anything substantive to be wrong or right about, other than his name calling. I challenged him and I will challenge you to prove that anything that I have said here is wrong. I never said "that our founding fathers intended for us to work for everyone else and not get rich????" And I am afraid that your quaint little story in why socialism in Jamestown didn't work got mixed up with some tale about a hippie commune back in the 60's. That just didn't happen outside the bubble. And it ain't ahppening under President Obama. Those are FOX News' bubbles floating up out of the bathtub. The largest federal redistribution program in this country is where the rich blue states send their tax dollars to the poor red states just to keep them solvent...and that is no fanciful tale. Kentucky gets $1.51 back for every $1 is sends to Washington. That is a fact. ......................................................................................................................................................................................................................................................................................................................................................................................................................................................................... I really hope that you guys stay in that bubble. Really! That way the Republicans will never win another national election. The reason that you lost so badly this time was because Romney was not right wing enough. Really! You need a real Tea Party candidate next time and you will be sure to win. That is what the American people want, a Tea Party Presidential candidate. Really! It can't miss! Maybe even one from KY!

  • 1713 your debating skills have faultered.You say that 671 has it wrong but then you refer him/her to Jon Stewart. You and I both know that NBC,MSNBC,ABC,CBS,and CNN are all liberal news stations. Yes and Fox is a conservative station. I find it hard to believe any one of them. Now your also resorting to name calling. Shame on you. Do you really believe that our founding fathers intended for us to work for everyone else and not get rich???? I have read (sorry cant find the story) that they tried spreading the wealth in Jamestown and human nature took over. Those that worked hard to plant the food and build the houses noticed that ther were some able body people taking advantage of them. So bcause of human nature this experiment did not work. Just like today if the liberals continue to give people free or reduced items then human nature will take control and most people will stop working. Our country was not founded on some working hard for the others.As I read in most history books Most people worked very hard and died for this country.This is why I am a Conservative and where I get most of my opinons and not on FOX news. So you can continue to say nasty things about republicans because that is your right. Just no it weakens your integrity.

  • FACTS from Jon Stewart? That is REALLY laughable.

  • Yeah, right ihate, just like none of those predictions that were made by the right wing nutjobs before and immediately after the President was first inaugurated in 2008 has come true, huh? It appears that Barack Obama has failed to keep many of the campaign promises his opponents made for him. Your head is so far in the FOX News bubble, that you actually believe that crap, don't you? Want some truth: http://entertainment.nbcnews.com/_news/2012/02/23/10485797-jon-stewart-republican-predictions-over-obama-re-election-are-nonsense?lite

  • 1713 you are right about one thing. ................................................................................................................................................................................................................................................................................................................................................................................................................................................... As the historian Will Durant observed, “A great civilization is not conquered from without until it has destroyed itself from within. Obama and Socialism will do just that!!

  • Gotta love the Bush haters who still use that excuse. Thom your wrong in Fact when they raise taxes government revenue goes down!! Do a little Obama research and you will see when he is a Senator he ADMITTED/AGREED to such. He just likes to raise taxes so he can spend more and make it "fair" it has nothi g to do with solving our debt!!!

  • Raising taxes will NOT solve the debt, King Moocher Obama is just trying to provide for his loyal moocher subjects.

  • http://visualeconomics.creditloan.com/united-states-federal-tax-dollars/

  • 1967 and 1713, typical FLAMING LIBERAL RANTS, that make no sense. I'll bet both of you depend on the government to take care of you, so it's understandable that you would be mad because the people that WORK want you to support yourself. However, it's all relevent. If you EARN nothing, anyone that makes $50,000 a year is RICH. If you make $50,000 a year, then anyone that makes $100,000 a year is rich, and so on and so on. Get a life, I have one.

  • As we have seen from the results of the last election, the Mayans were partly right when they predicted the world would come to end in 2012. It was just a much more selectively defined world, the strange and bizarro world of the G.O.P., a universe of arrogant, uptight, entitled, bossy, retrogressive old white guys who went all Apocalypto on the rest of us. They have become the first modern civilization to spiral down into the vortex of doom paved buy the Incas, Aztecs and Mayans. Yes, gasp, they have become just another vanishing tribe that fought the cultural and demographic tides of history and paid the ultimate price of irrelevancy. .............................................................................................................................................................................................................................................................................................................................................................................................................................................................................. Someday, it will be the subject of a National Geographic special, or a Mel Gibson movie, where archaeologists piece together who the lost tribe was, where it came from, and what happened to it. The experts will sift through the ruins of the Reagan Presidential Library, Dick Cheney’s shotgun casings, Orca poll monitoring hieroglyphics, remnants of triumphal rants by Dick Morris on Fox News, faded photos of Clint Eastwood hollering at an empty chair, and scraps of ancient tape in which a tall, stiff robot named C-3PO wheels about waving his arms and gnashes his teeth about the 47% of moochers and the “gifts” they got. ................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ The Republican decline will be traced to a stubborn refusal to adapt to a world where regular working people, which includes the poor, sick, black and brown, female, and gay people count. Outside the Republican walled kingdom of denial and delusion (also known as FOX News), everyone else could see that the once clever and ruthless party was behaving in an obtuse and outmoded way that spelled doom. They put up a candidate that no one liked or understood with a campaign animated by the idea that indolent, grasping serfs must be kept down, even if it meant creating barriers to letting them vote. And barriers they did create, and billionaires from their money they did separate, but in the end, the people spoke and soundly rejected their message of austerity and division. .............................................................................................................................................................................................................................................................................................................................................................................................................................................................................. As the historian Will Durant observed, “A great civilization is not conquered from without until it has destroyed itself from within.” RIP GOP, and don't let the door hit you in the arse on the way out. Good riddance!!

  • The largest "redistribution" scheme in this country, that has been going on since the Civil War, is when the federal government collects taxes from the rich BLUE states in the Northeast and along the West Coast and REDISTRIBUTES this money to the poor Southern RED states just so that they can stay solvent...states like Kentucky. States like Kentucky get back $1.51 for every $1 it sends to Washington, and without this perpetual federal welfare money, it would look even more like a 3rd World country. Funny how KY Senators Mitch McConnell and Rand Paul don't mention this fact when they start ranting about how unfair it is to help single mothers keep their children fed.

  • 671, How does Redistribution hurt when you will never be "wealthy" anyway? A very large portion of "Americans" will always be in between middle class and poverty anyway. So people in this state collect what they can get. Have you ever watched the TV show "HOARDERS"? People will collect what is available. Salarie's (spelling) especially IN fRANKFORT will not allow people to pull themselves out of POVERTY...or in the state of KY for that matter... RED STATE!! So Much For The "AMERICAN DREAM".

  • 671, I think your Republitard "RANT" is nonsensical..!!(:<(

  • Oh, and by the way, 1713, your hero, Nobama, supports the redistribution of wealth. Check the FACTS!!!!!!

  • 1713, I'll bet I know twenty times as much as you do about taxes, economics, public assistance, the poor, and the facts. I know, for a FACT, you can't SPEND your way out of debt. Now sissy, take that and smoke it in your PIPE. Or it that too much for you to comprehend? Your Liberal rant is nonsensical.

  • "...all the Democratic party wants to do is to take what WORKING people EARN and give it to those who CAN work, but Won't." Splain the mechanism by which that occurs 671? You have nothing but right wing talking points. You apparently know nothing about taxes, economics, government, public assistance, the poor, facts, Democrats or Republicans.

  • thomyv, feeling guilty? I wasn't talking to you. However, you forgot to mention that all the Democratic party wants to do is to take what WORKING people EARN and give it to those who CAN work, but Won't. Sorry but that's a FACT also.

  • Look back. Every time taxes have been raised in the last 30 years the economy takes off. I'm not sure why but it has. Cutting taxes for high earners does not grow the economy. Republicans have to accept the fact that their theory of cutting taxes creating jobs is discredited. Matter of fact the Republican pParty is nothing more than a protection racket for the wealthy. They don't care adout the poor or those in the middle income brackets, their whole reason for being nowdays, is to protect the rich.

  • NO!

  • Still on that dope, 1713?????????????

  • Come on, inflation is down to 2.2%, from a high over the last 10 years of 4.1% in 2007. You remember 2007, don't you...nearing the climax of the Bush policies era that resulted in the worst recession since the Great Depression? You can call $1200 a year in less taxes "spare change" (LOL) if you want, but that is real money to the 97 percent of U.S. households that got it. Where is it that we will be "inofficially" (sic) "taxed through the nose"? where is this mysterious "elsewhere" that you are talking about? Is it in that empty chair that Clint Eastwood was scream at on national TV? Since when is Obama not paying his fair share of taxes...you must be confusing him with Mitt Romney! You are blowing bubbles in the tub under the giant Fox News bubble. Stay in there, because it will insure that the Repugs will never win another national election.

  • lol, okay Obama's spare change was such a great savior. It pushed us down just enough that we are now at the standard of 55. Just wish the prices would be the same and buying power. Is this supposed to make us think it's okay to dramatically raise taxes now. Sure officially it's only the upper echelon. But inofficially we get 'taxed' through the nose elsewhere. In the meantime our leader will be on yet another vacation. And he will still not pay his fair share.