Norton: Quote:
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The chart clearly shows where the tax increases will occur. I have the same thought as you. What does all this mean to the bottom line regarding total tax revenues?
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I believe he's raising the capital gains rate, again, I'll check the figures. At this time, it seems there is a lot of misinformation beind put out on the MSM (mainstream media). I just saw Ben Stein fill in for Glenn Beck (I don't like Beck) and he associated higher gas prices with Obama, and said they'll go higher because the US won't drill more off-shore because of Obama's position. Waaay, oversimplified. Very dishonest reporting. There is a concerted effort on radio and TV to keep hammering the "raise taxes" and other negatives. These are not honest.
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Originally Posted by Texpat  Well, the peace dividend is right around the corner.
Remember the riches and fabulous wealth available to all hard working American taxpayers at the end of the cold war?
Neither do I. |
I remember George H. Bush talking about the "Peace Dividend" after the end of the Cold War? Yes, Tex, it never happened. We have to build those $500 Stealths , and keep the MIC happy.
As for Iraq, if you mean in jest that the "peace dividend" is around the corner, Iraq is costing us money, but not as much as the other problems. We'll be paying for a Iraq for a long time to come. It doesn't matter who's in office.