I just LOVE it when cons blame liberals and Democrats for wanting to raise your taxes–without even LOOKING the other way to pinpoint the true *source* of ALL our oncoming angst and pain.
But…you know…this is what we get for being so ignorant of the facts.
9 Reasons Your Taxes Are Going Up:
1) No matter who’s elected president, the debt party’s over.
2) America’s New Wall Street Welfare Program
3) The Fed’s Nationalizing America’s Financial Industry
4) Huge Resistance to Cutting Social and Entitlement Programs
5) America’s Pork Barrel Lobbying Machine
6) White House’s Free Market Nonaction Policies
7) Aging Infrastructure: Roads, Bridges, Water, Sewer, Etc.
Paradigm Shift: Consumer Spending vs. Consumer Savings
9) Recession Reality Replacing Arrogant Optimism
You can read the rest of it here and form your own opinions:
http://finance.yahoo.com/taxes/article/104716/10-Reasons-Your-Taxes-Are-Going-Up
But a lot of this took me by surprise. I got some parts of it right–but had no IDEA just how badly in debt we really are; or why our taxes have been jumping the gravy train for years on end.
Even if we got RID of all the entitlement programs *alone* (which isn’t going to happen–so relax), we’d still be swimming in red ink by the oceanside.
Benjamin
























Edna
Dead on!
Julie
You can add a lot more to that list, but it was a good beginning. Unfortunately it won’t be the last either.
Lloyd
No kidding. Anyone who thinks that the next president can lower their taxes is obviously an uniformed citizen and here is how they could have informed themselves.
Jesus
But it doesn’t make any economic sense whatsoever to raise taxes in the current economy. That will only make the economy worse. At least Republicans, or maybe only conservative Republicans understand this simple economic fact.
Increasing taxes as proposed by the Democrats, both on income and capital gains, has never resulted in economic recovery, and has always slowed the economy.
Sylvia
Obama is the only candidate to propose a middle-class tax cut that will provide relief to 95% of working Americans – $1,000 per working family. He’ll also eliminate income taxes for any senior making less than $50,000. And he’ll raise the minimum wage every year to keep pace with inflation.
Nathaniel
The job market is bad.
No one is buying the brand new homes, condos being built, etc….