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Yes, taxes will rise to the draconian and economy-stifling levels we suffered under in the 1990s.
by kgrin 16y ago
Yes, taxes will rise to the draconian and economy-stifling levels we suffered under in the 1990s.
- CWuestefeld 16y agoYou're misrepresenting. Some of the increases are the result of expiration of the Bush tax cuts. Others are new, the result of healthcare initiatives and other programs.
- kgrin 16y agoI was mostly responding to the comment, which was about the income tax rates. That said, while some of the HCR provisions resulted in new limits and exemptions on tax-free HSA/FSA accounts and the like, there really isn't a new "health care" tax. Some of the other items on the list, like the AMT thing, has little to do with the current administration - it's a perennial issue that Congress "fixes" every year. (Which isn't to say that it's not a problem that they should just address one way or another, but it's silly to blame the AMT on anything new from Obama - it happens every single freaking year). A few of the other items are downright laughable - they're expirations of temporary tax cuts or programs that were part of the stimulus (the stimulus that, FWIW, most conservatives opposed).
- hga 16y agoAnd of course it makes absolutely no difference whether you increase taxes when the economy is growing vs. when it's at best treading water.