As to be expected, the Republicans have viciously railed against President Obama’s stimulus plan and proposed tax schedule. Who could blame them when just seven years ago they rubber stamped the Bush tax cut for their wealthy base, giving a brand new Lexus to every millionaire. In exchange for years of rolling up deficits and a growing disparity in wealth, Obama's plan translates into asking the millionaires for a used Toyota in return.
Chicago Tribune Excerpt:
Clint Stretch, senior principal for tax policy at Deloitte Tax, said an individual with no children and with $500,000 in income would pay an additional $19,200 in taxes. Taxes for a married couple with the same income and two children under 17 would go up by $11,300.
In addition, the capital gains tax on small businesses would be eliminated.
Before any stimulus funds are sent to Wisconsin communities, Rep. Paul Ryan and his legion of supporters need to stand up in the 1st CD and be counted. They need to show themselves as the true conservatives they claim to be and publicly refuse to accept any stimulus money on behalf of themselves, their communities, their businesses or “economic development” organizations.
2 comments:
Wouldn't it be nice to have one politician of either party publically state that it would be helpful if people would buy American and/or Union? Your slap at Bush is not unwarranted but ignores my often stated (and Gallup poll verified) statement that nationally - Democrats are significantly more likely than Republicans to drive foreign and non union vehicles.
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