Quote:
Originally Posted by TracyCoxx
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Read the story carefully, all.
As Obama said in his speech, there is a proposal to cut payroll taxes in half, to 3.1 percent. That is a "tax cut."
As for the tax increases, the are:
- an increase on the tax rate for the wealthy;
- an increase in taxes for the energy corporations that are raking in billions in profits;
- the elimination of some loopholes in the tax code for those making over $200,000 per year.
So, yes, it will be paid in part by a tax increase. And to those who will feel the impact of these increases (and their apologists), in our country where the number of people living in poverty grows each day along with the embarrassing gap in income between the richest and the poorest, I say
boo-fucking-hoo.
09-13-2011
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