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Politics : Don't Blame Me, I Voted For Kerry
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To: American Spirit who wrote (6963)3/13/2004 5:52:43 PM
From: BearcatbobRead Replies (3) of 81568
 
And they don't mention the tax hikes are only for the rich.

Let's look at some numbers on the revenue impact of Bush's tax cuts. In today's IBD in the Perspective column the following numbers are reported:

1. Return the top tax brackets to the Clinton level: 35% goes to 39.6%, 33% to 36% with dividends taxed as well -- $27 billion. Only $27 billion out of $477.00. H'mm that sure would not fund any new spending.

2. Repeal the 15% dividend rate for everyone else and returning the capital gains tax to 20% - raises $20 billion.

Total of the two would be $47 billion - and that would also tax some of us mere mortals.

So - clearly, unless there are radically different other numbers - taxing the rich like Clinton won't solve anything.

So - how do we fund the Kerry spending plan?
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