The Democrats are trying to increase the taxes on those who make over 250,00 a year, who they define as rich. Even though many of those people are small business owners and that income is their businesses because of how they incorporated themselves. The press is trying to spin it as Republicans are blocking tax cuts on the middle class. But the fact is the Democrats had two years to vote on extending the Bush tax cuts. They didn’t. Now they are using it as a political game.
Here’s what President John F Kennedy said about tax cuts in a recession. He got it.
The people who think we need to increase taxes to solve the deficit are imbeciles, point blank. If you are spending too much, CUT SPENDING! Don’t rob people’s money.
These charts explain what a mess we’re in and the fault lies at the feet of those politicians (in both parties) who’ve spent us into this crisis. The Democrats want to tax people more at a time when businesses need help hiring workers. Business owners can’t afford to hire if the government keeps stealing their earnings. And the stimulous did exactly what those charts show. Made things worse.