Heritage In Focus: Biggest Tax Increase in History

[bobmcfadden1]

this guy is full of shit

[hwbanger]

The inflation and higher interest rates generated by the Print, Borrow and Spend Republicans is the equivalent of a tax increase on everyone. At least a tax hike could be confined to the upper 1%. If it makes the right-wingers feel better we can call it a Patriotic Revenue Increase.

[CigarTown]

Democrats = HIGH TAXES and loss of jobs. The SCHIP would destroy the entire Cigar Industry by increasing taxes by about 22,000%.

[Rickdeckard2020]

imo the rich spend a smaller portion of their earnings and invest more while the poor spent it all without delay?

So if you lack investment funds tax cut for rich might make sense, but if the economy is not rolling the poor will make any money they get turn much faster in the economy and might stimulate the need for investements. If you have too much funds and not enough spending, what happens? buy-now-pay-later, Speculation bubbles. An illusion all is well before the economy breaks its neck

[Rickdeckard2020]

Higher taxes kill jobs? regardless of the situation? So if you have a swamp zone with less tax there will be a flow of jobs as opposed to a well designed industrial base where some taxes pay for the infrastructure?

How can some European make it just fine with gargantuesque tax rates?

So if China invests in infrastructure and has slave-wages, youre telling me a tax cut will make companies think twice about moving? Or that high tax is what makes the jobs move overseas?

[Rickdeckard2020]

Jobs: How is an employment figure the end all be all number, when you have no measure of how many mcjobs below living wage it includes and dont factor in the monetary raping your getting from the Fed Reserve? (or the quality of life your getting.

A totalitarian regime can claim theres 0% unemployment, jobs galore, when people toil in laborcamps 10 h/d, 7 days a week)

[Rickdeckard2020]

Being a clueless liberal idot I would like someone like you with great economic understanding to share your knowledge

(in the paralell world I lived on, Regans Trickle-down economic was a sad ideological fiasco)

Debt: how will the debt be paid if not with taxes? Do you think the gov can keep borrowing or printing money like theres no tomorrow without conscequences?

[AlienProphecy]

Who said eliminate all taxes? The idea is to cut government spending so that we can eliminate debt. Who has a better record on that? Therein lies the real debate.

How much inflation do the Republicans cause? Does it cause us to have less money than the tax increases the Democrats impose every time they're in office? Do you have those facts, or are you just running your mouth?

Taxation is slavery. We are taxed 35% of the gross domestic product. We don't need to be taxed any more.

[Rickdeckard2020]

"The idea is to cut government spending so that we can eliminate debt."

Cutting wasteful spending(pork,military,unused bridge) is a great idea, but cutting value added spending (health care, infrastructure, etc) can be a bad idea in many situations.

BTW, Bill Clinton turned a deficit into a surplus and Bush turn the surplus into a deficit , spending and printing dollars into worthlessness. He has steered the Titanic right into an iceberg and will leave office 4 seconds before impact

[regelemihai]

@Rickdeckard2020

Clinton never gave us a surplus. It's a myth.

[wheelieguy]

Here we go. Idiot liberals have no clue how taxes work and what they do. If more libs would take economics instead of Sociology in college, maybe they would understand the damage raising taxes do. While they think it takes money from the rich to distribute to the poor, it actually hurts EVERYBODY. Higher taxes kill jobs, sends employment overseas, and kills savings.

[Rickdeckard2020]

This is ridiculous

a) the biggest tax increase is the trillion dollar spending for war, someone will have to pay. Thats like a person maxing the credit card and putting a 2nd mortage to pay for a trip to vegas and then blaming the person that has to pay the bill for the orgy of spending he had (and saying theres no money for basics).

b) The tax cut benefits the richest few when the debt is incredible

[wheelieguy]

While the richest people do benefit most from tax cuts, they also pay more in taxes. Tax cuts are actually beneficial to all tax payers and even to the ones that aren't because tax cuts create jobs en masse. Lowering corporate taxes allows businesses to hire more or pay existing workers higher wages. These cuts are also responsible for higher tax revenues than ever before and show that the deficit is being reduced at a much faster rate than expected. Sorry, your argument is flawed.

[wheelieguy]

While the richest people do benefit most from tax cuts, they pay more of the taxes and tax cuts are actually beneficial to all tax payers and even to the ones that aren't because tax cuts create jobs en masse. Lowering corporate taxes allows businesses to hire more or pay existing workers higher wages. These cuts are also responsible for higher tax revenues than ever before and show that the deficit is being reduced at a much faster rate than expected. Sorry, your argument is flawed.

[Bluestrike2]

Some people here to need to learn some things. When the top half of Americans pay over 97.8% of all taxes in this country, its only obvious that we're going to benefit the most from tax cuts - as we should. When this country abandons its policies of punishing the successful who have worked hard in life to get where they want to be, then this can change. But first, we need a flat tax structure - let's have the freeloaders start paying their share.

[Bluestrike2]

Some people here to need to learn some things. When the top half of Americans pay over 97.8% of all taxes in this country, its only obvious that we're going to benefit the most from tax cuts - as we should. When this country abandons its policies of punishing the successful who have worked hard in life to get where they want to be, then this can change. But first, we need a flat tax structure - let's have the freeloaders start paying their share.

[kevin29chev]

Ron Paul Revolution 2008

youtube Ron Paul

[hallistripp]

Ever heard of objectivity? The information is minimal and misguiding and a newsreporter that makes political statements. This is pure propaganda and has nothing to do with news.

[NikonN2000]

I am sick and tied of these so-called, self-styled Christians claiming that they are helping us, the American people. Giving more money (power) to those who have much at the cost of those who have so much less, thus increasing the income gap, weakens my great Republic! Christ drove the money changers from the Temple, for crying out loud, and preached caring for the ill, imprisoned, and poor. Don't you DARE use His teachings for your evil purposes!

[plidder]

Tax his land,

Tax his bed,

Tax the table

At which he's fed.

[plidder]

Tax his tractor,

Tax his mule,

Teach him taxes

Are the rule. Tax his cow, Tax his goat, Tax his pants, Tax his coat.

[plidder]

Luxury Taxes

 Marriage License Tax Medicare Tax Personal Property Tax Property Tax Real Estate Tax Service charge taxes Social Security Tax Road usage taxes Sales Tax Recreational Vehicle Tax School Tax State Income Tax State Unemployment Tax (SUTA)

[plidder]

Telephone federal excise tax Telephone federal universal service fee tax Telephone federal, state and local surcharge taxes Telephone minimum usage surcharge tax Telephone recurring and non-recurring charges tax Telephone state and local tax Telephone usage charge tax Utility Taxes Vehicle License Registration Tax Vehicle Sales Tax Watercraft registration Tax Well Permit Tax Workers Compensation Tax

[phoogoo]

Eliminating a tax cut for the top 1% is not a tax increase. "That like $2600 for every household in the US" Yeah and if me and Bill Gates were standing in an elevator our average net worth is $25 billion/person. Republican Goals: Leave no billionaire behind. Charlatans.

[ephesians2810]

One of the most concise arguments I've heard on the importance of tax relief to float all boats in this economy.

[drew19761976]

You like taxes? Come to Canada. You'll love it here -we eat taxes for breakfast. Canada has the highest tax rate of all the 30 industrialized countries. Canada has the lowest birth rate of all the 30 industrialized countries.

[DaXue]

Lemme get this straight. Spending is out of control (because of Bush) so tax cuts need to be lowered. Sure, but that only works in the short term ... that is, less than 5 years type of short term. Sorry, I just can't trust anyone that smiles as he talks about taxes.

[dougieace]

please cracka please,the top 5% are about to lose their huge bush sponsored tax cuts so its time to crank up the propaganda.the same crowd that still thinks that the war on terror should be fought in iraq.they just dont want to pay for it,what patriots.

[WILLisms]

90+% of Democrats and ~5% of Republicans in Congress today are socialists, plain and simple.

[dontsend36]

The top 3% of income earners pay 95% of the taxes... Tell me how that is fair. It's because of America's low taxes (until now, that is) that we have been so successful. Why else do you think we have such a strong economy? It's easy to bash republicans, but you should try to learn from them - they understand money better than poor people. This is why republicans are rich.

[BleedingHeartLiberal]

Where is it that this American economy is strong? The only thing that allow republicans, bias economist, and other various idiots to sell this economy as strong is the theft of taxpayers' funds by republican politicians and diverting them to war/ defense contractors, drug intrest, home building industry, oil industry, etc. And the masses of ignorant consumers who spend their scant incomes on cars, in Wal-Mart, and on other cheap China/foreign imports,etc.

[ad0304s]

So you're saying the economy isn't strong, so we should raise taxes? And that's supposed to help the economy? Let's start using our heads and start losing the hate. :)

[Bluestrike2]

Your ignorance is astounding. Furthermore, look at the statistics - the economy is doing very, very good. Just take a peak at unemployment.

When you morons learn that taxing the rich and PUNISHING them for being successful does nothing but HURT everyone else - including the little guy you supposedly care about - this country will be able to soar to the heights it should be at.

[servoe]

This video propaganda and a bold lie from the right wingers. Without taxes, how will the government operate? More taxes doesn't mean the US will be less competitive. Even with the increase, the US will still have the lowest taxes out of all the leading nations. Please check your facts before posting and misleading viewers Heritage Foundation.

[Bluestrike2]

Servoe,

If you knew anything about conservative beliefs you'd know that we want SMALLER government with less waste. If it is a SMALLER government, taxes don't need to be so pathetically high.

[podrag]

Ahahahaha!!! Fair taxes? Bush? Oh... that's just too much! I need to go wipe my eyes...

[joebonk]

the heritage foundation: you can trust corporate propaganda machines.

[sharegrace]

2 party system = 2 headed monster, different side of the same coin. I think a review of the tax codes are needed. GIve to God what is God's and to Caesar what is Caesars but do our fed taxes go to Caesar or to money lenders?