GOP Wants the Best of Times for the Rich, the Worst for the Poor

This article by Brad is very inflammatory:

“Why is it so easy for Republicans to throw millions of unemployed Americans out on the streets and under the bus so bankers and billionaires don’t have to pay their fair share of taxes on their incomes ?”

Is that even CLOSE to true. Under obama Democrat super majority Democrats passed PAY AS YOU GO. How was THIS EXTENSION going to be PAID FOR ? Are Republicans going to throw people “ under the bus‘”. Of course you said it for inflaming dramatics. The rich do “pay their fair share of taxes on their incomes ?”:

“The truth is that Mr. Bush's deficits were the product of spending, not tax cuts. In fact, Mr. Obama could learn an important lesson for his own economic plan by studying Mr. Bush's two very different attempts at tax-cutting. ”

“By 2003, Mr. Bush grasped this lesson. In that year, he cut the dividend and capital gains rates to 15 percent each, and the economy responded. In two years, stocks rose 20 percent. In three years, $15 trillion of new wealth was created. The U.S. economy added 8 million new jobs from mid-2003 to early 2007, and the median household increased its wealth by $20,000 in real terms.”

“But the real jolt for tax-cutting opponents was that the 03 Bush tax cuts also generated a massive increase in federal tax receipts. From 2004 to 2007, federal tax revenues increased by $785 billion, the largest four-year increase in American history. According to the Treasury Department, individual and corporate income tax receipts were up 40 percent in the three years following the Bush tax cuts. And (bonus) the rich paid an even higher percentage of the total tax burden than they had at any time in at least the previous 40 years. This was news to the New York Times, whose astonished editorial board could only describe the gains as a "surprise windfall."

http://www.washingtontimes.com/news/2010/feb/3/bush-tax-cuts-boosted-federal-revenue/

”Five percent of Americans pay over half the income taxes in this country. 40 percent of Americans pay no income taxes at all. I think we need to concentrate on preserving the tax cuts of ‘01 and ‘03. That’s going to be a monumental battle that’s going to be coming at the end of 2010.”

http://www.ontheissues.org/2008/Fred_Thompson_Tax_Reform.htm

Brad the ones not paying anything is not THE RICH.

The last of Brad article should put tears in all eyes. Blaming the Republican Party of course. Answer is simple, pay for extension. As Democrats said they would...

Bill Hedges of MO 5:52PM December 02, 2010