If it were up to me, I think I'd let all the Bush tax cuts expire. I think it's rather odd that we're debating Clinton level tax rates with Republicans as something extremely radical.
Perhaps it would need to be done gradually with the struggöing economy, though.
[emphasis added]
Seriously, Franzl? While the 200
3 Bush tax cuts were quite slanted towards the upper classes, the 200
1 Bush tax cuts were much more fair, especially on the working poor and working classes. This utter idiocy of "REPEAL ALL OF THEM!!!!!!!" exposes a position that basically pisses on the workers in the name of yuppie liberalism. As a real goddamn example of this, back during the time of the 200
1 tax cuts, I was making between $10,000 and $20,000 a year, and the 200
1 tax cuts were a
huge boon to me because
a new 10% bracket was created for single filers with taxable income up to $6,000, joint filers up to $12,000, and heads of households up to $10,000 [and] the 15% bracket's lower threshold was indexed to the new 10% bracket. Given how harsh the payroll tax bites at those levels (and why don't you damn liberals remove the payroll tax cap, hmm?), the change in tax brackets resulted in quite a
proportionate increase in take-home pay.
Why certain liberals (not all of you, just some) have such a hard-on for wiping out
every Bush tax cut is beyond me - there were some good things in that first tax cut. Then again, I doubt most of you have ever been in the working class.
For that matter, why certain liberals (and certain conservatives, for that matter) obsess over tax
rates and not tax
brackets also strikes me as loony, in addition to the lack of attention to reforming deductions (which are the
real loopholes) - you lot talk a good game, but you don't produce. Weak tea all around.
