Dixie - In Memoriam
New member
Dixie, what this WHOLE stalemate comes down to is Republicans refuse to increase revenues. Obama wants to end the Bush tax cuts for anyone making over $250,000 and have the wealthiest Americans taxes increased to what they were under Clinton. It is about 3 fucking percent more, BUT ONLY on income over $250,000. So someone making $250,001 would pay FIVE CENTS more in taxes.
First of all, it has never been demonstrated, that increasing top marginal tax rates, increases revenues. NEVER! Hasn't happened! ...Secondly, even IF IT DID happen, the expected increase in revenue PALES in comparison with Obama's debt... it's not nearly enough, even in the wildest pinhead prognostications. So, you can't increase revenues by increasing top marginal rates, and even if you could, it wouldn't be enough to make a difference with the amount of debt Obama has racked up. Massive spending cuts have to be made, and no one in Washington is willing to go to the chopping block for those, especially Democrats who depend on Special Interest votes.