There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers
I think those who support tax cuts should read this linked article from a non-bias, non-political source then come back here to defend their position.
No one should be paying higher taxes at this time.
“I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on what’s being proposed here, he’d agree with it. He would agree that the First Amendment cannot be absolute.” - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.
You, my brothers and sisters, were called to be free. But do not use your freedom to indulge the flesh; rather, serve one another humbly in love.For the entire law is fulfilled in keeping this one command: “Love your neighbor as yourself.”
53% is not a vast majority and there is still a margin of error. Regardless, extending the tax cuts for all is the right thing to do.
Tired of elections being between the lesser of two evils.When the debate is lost, slander becomes the tool of the loser. -Socrates
The Washington Post which also discredits the effectiveness of the Bush tax cuts.
And if you still discredit the information and statistics mentioned in the Washington Post article, what about the info mentioned in this article from the Christian Science Monitor?
When Congress passed the tax relief act in 2001, the US Treasury had a surplus, which economists predicted would grow to $5.6 trillion 10 years down the road. Instead, the United States has an estimated deficit this year of $1.34 trillion. If the federal government extends all those tax cuts this fall and takes no other actions, America could be looking at $9 trillion or $10 trillion in accumulated red ink over the next decade.Still, it appears that the political will exists to extend many of the tax cuts. On Sept. 8, in a speech in the Cleveland area, President Obama threw down the gauntlet to the GOP, saying that Democrats were "ready, this week ... to give tax cuts to every American making $250,000 or less.
On Sunday on the CBS show "Face the Nation," House Republican leader John Boehner of Ohio said he was still in favor of not raising taxes for all Americans. But, when pressed on whether he would hold middle-class tax cuts hostage to cuts for the wealthy, he said, “If the only option I have is to vote for those at 250 (thousand dollars) and below, of course, I’m going to do that.”
Everyone from the poorest taxpayer to the richest saw disposable income rise as a result of the cuts. For example, a middle-class family making $52,224 a year (the middle 20 percent of all filers) had a one-year increase in their take-home pay of 2.4 percent, or $1,016 – almost enough for five nights of camping at Disney's Fort Wilderness Resort in Lake Buena Vista, Fla.
But the top 1 percent did far better: They saw an increase in their disposable income of 5.9 percent, or $72,872 – enough to buy a basic XJ Jaguar.
Last edited by Objective Voice; 12-05-10 at 12:02 AM.