A Firm Grasp of the Obvious Is the Cornerstone of Sanity
what? cornerstones now taxed? sanity now politically incorrect?
WASoF…
The president delivered a fiery, populist radio and Internet address today that depicted his critics as champions of “the interests of powerful lobbyists” and “the wealthiest few.” ...
Standing alone, any one of these proposals would trigger a brawl in Congress and fierce debates outside Washington. Obama wants the proposals done largely in concert, as an interrelated plan to undo major elements of Ronald Reagan’s conservative movement.
Brawl? Discussion, even?
"We’re struck with how bold and courageous a budget it is,” said James Horney of the liberal Center on Budget and Policy Priorities, which supports the president. “There are a whole lot of things that are going to be extremely difficult because there are very powerful vested interests out there that will fight them."
Well, at least that fella has a fall-back job; he could clean up oil spill with that tongue.
Obama is not simply proposing a budget that assumes a jaw-dropping deficit of $1.75 trillion this year, a quadruple increase from the year before.
It’s BushCo’s fault!!!!
He’s trying to redirect strong currents in American society.
The wealthiest 5 percent would pay a whopping $1 trillion in higher taxes over the next decade, while most others would get tax cuts.
Until they stop producing… next year.
In 2002… the top 5 percent of taxpayers paid more than one-half (53.8 percent) of all individual income taxes, but reported roughly one-third (30.6 percent) of income.
The top 1 percent of taxpayers paid 33.7 percent of all individual income taxes in 2002…
the top 50% of taxpayers by income paid over 94% of all individual income taxes.
[Before ∏eh W∅n {BO}] ...the share of taxes paid by the bottom 50% of taxpayers will fall from 4.1% to 3.6%
Under ∏eh W∅n, it will fall to ∅.
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