Pelosi to Obama: Raise Taxes. Raise Taxes Now.

Watch this video and wake up

http://www.eboards4all.com/575231/

Michael turner of WV @ Jan 10, 2009 05:29:39 AM

Spending causes deficits.

Spending beyond income causes deficits, Robert.

Mark of WI @ Jan 09, 2009 16:54:27 PM

Hoover? Is that you?

Pelosi is channelling Hoover?

Mark of WI @ Jan 09, 2009 16:50:44 PM

Dear Ms. Pelosi,

I most emphatically disagree with you that raising taxes will solve the nation's economic crisis. Perhaps you are right. Perhaps there are some Americans who have found a way to guard their hard earned money against a government known for its wasteful and uninhibited spending. I say, more power to them! This is America; by all means, fulfill the promise given to us by our Founding Father: the pursuit of life, liberty, and happiness (i.e. property, according to John Locke)! But I digress... Let me give you some facts: The top 25% of taxpayers, those earning over $64,000, earned 68.2% of the nation's income, but paid more than $4 out of every $5 collected by the IRS in 2005. That's 86.3%! The top 1% of tax payers, those earning over $388,000, earned 22% of the nation's income, but paid 39.9% of all federal income taxes. That means the top 1% of tax returns paid about the same amount of federal individual income taxes as the bottom 95% of tax returns. (Gerald Prante, "Summary of Latest Federal Individual Income Tax Data," The Tax Foundation, July 18, 2008.) My point is that those earning higher incomes are already paying a majority of the nation's taxes and this includes the middle to upper middle class. Now, I am by no means wealthy, but I hope to be one day. I would hate to see my money go to government programs that I do not qualify for. Even now as a graduate student living off of a very meager stipend, I still don't qualify for government assistance (read: handouts) except in the form of student loans. And those have to be paid back! Of course, with the economy the way it is, perhaps I can apply for a bailout too when its finally time for me to enter the real world. I mean, let's be honest, who really wants to have $100,000 of debt on their hands just starting out? And so, Ms. Pelosi, to conclude my little rant, I humbly ask you one question, well, maybe two... What are you smoking and where can I get some?!

P.S. Shame on you for not trying to protect your cronies whom I'm sure all make over $200,000 (the magical number that apparently means that you're wealthy). One more word of advice, as long as the government tries to raise taxes, individuals will find a way to protect their money. I hope Mr. Obama, et al are prepared to fight human nature.

Allison of TX @ Jan 09, 2009 15:38:00 PM

Not The Right Time

This is the wrong time for a tax hike.

Maybe three or four years from now, after the ecomonic recovery has taken hold for two or three years, there can be selective tax hikes.

But not now.

Jofus of MA @ Jan 09, 2009 15:18:51 PM

Pelosi's right

Some readers seem to forget that the Bush tax cuts have been, until recently, the largest single cause of his massive deficits. Of course we should repeal the tax cuts for the wealthy, but keep those affecting the poor and middle class, as Obama promised during his campaign. The capital gains tax should return to its 1990s level as well. The claim that higher taxes on the rich will discourage investment is proven wrong by the fact that much wealth was created, and considerable money invested, during the 1990s.

It's amazing to me that so many people, probably mostly Republicans, came to believe the 'joe the plumber' arguement (he thought his taxes would be raised by Obama, but in fact the opposite would occur under Obama's tax plan). If you folks love to see the rich get richer, and your children's debt load via the deficit grow larger, then by all means continue resisting this change.

Robert Austin of WA @ Jan 09, 2009 14:39:15 PM

Nancy Pelosi

Wow! She wants to raise taxes now! A dangerous example of her lack of history and economic blinders! God help us all! She would raise taxes on the very people that have any money to spend, and whos 401K / IRA have been hit some 20 - 30%. Ca;f. wake up and vote her out of office.

Paul Mook of MT @ Jan 09, 2009 14:10:57 PM

Raise Taxes???

Why do we need more taxes? Let's hear from our representatives as to why more taxes are needed. Let's hear what they are doing to cut THEIR costs. We are tired of no accountability from our government officials. The way we got into this economic mess is from rampant spending with no checks and balances. We are tired of the lobbyists and the politicians - we want honest representation (what happened to representation?)

Let's go back to capitalism and give it a chance again without bailouts. The same people that cause the problems end up spending the bailout money.....what is that cliche...you can't keep doing things the same way and expect different results???

Let's not forget the small businessman either. The entity frequently referred to as the backbone of the American economy. I don't believe our Senators believe that. They believe they are the backbone. If so, we have a serious back problem. Let's give small businesses a break and they will single handedly stimulate the American economy. As for me, I will not be voting in any incumbant politician in future elections,regardless of party, unless I am firmly convinced they have worked on my behalf.

Karen Busyn of TX @ Jan 09, 2009 13:28:03 PM