Higher tax crowd, come on in.

[.blank cd]

A tax increase does not equal higher revenues. It's very similar to other markets as in there is a point where people don't buy in anymore.

Also, they are inherently bad for the economy.

What? You think tax increases are bad for the economy and that tax increases do not increase revenue?

[Vteckidd]

What? You think tax increases are bad for the economy and that tax increases do not increase revenue?

Historically this is accurate.

Anytime we have cut rates, the treasury grows. Cutting taxes leads to investment in the economy in the form of spending by workers and businessmen (hiring). Do you have more taxes from 100 people taxing at 50% or do you make more money by taxing people 30% and have 1000 workers. Theres a happy medium between tax rates and revenues.

Bush took in the most tax revenue when he enacted the Bush Tax cuts. We had a booming economy. Clinton also had great economy, but he cut capital gains taxes for everyone (raised income).

Historically, when you raise taxes, revenues FALL, not rise.

Youre taking peoples money away, which hurts the economy, not stimulate it. Obama wants to tax you 39%, take that money, and redistribute it back in the form of UE benefits (WHICH ARE TAXED) , Welfare, etc etc etc All sorts of govt programs. And then he wants to spend 1 trillion more past that, with no way to pay for it.

If youre a Democrat or a Republican, you should be absolutely LIVID at what Washington is doing. They are spending money we do NOT have, and stealing from everyone. Obama just let YOUR taxes go up even if youre middle class. He also raised taxes on the upper class.

I do not think the economy is going to get better by hurting the middle class which is already strapped.

IF THEY REALLY WANTED TO HELP THE MIDDLE CLASS, THEY WOULD CUT SPENDING, AND BALANCE THE BUDGET. Then they wouldnt need tax increases