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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: TigerPaw who wrote (354135)2/5/2003 3:38:21 PM
From: jlallen  Respond to of 769670
 
This shortfall of revenue is mostly due to the massive tax cuts in the higher brackets and not from reduced income of the wealthier earners. The tax burden has fallen on the wage slaves who are paying into FICA more than those who have stocks

An outright lie. The Bush tax cut has increased the tax burden on upper income taxpayers....



To: TigerPaw who wrote (354135)2/5/2003 3:39:54 PM
From: Bald Eagle  Read Replies (3) | Respond to of 769670
 
RE: Message 18539795

Perentage wise, it's not even close to a record deficit. BTW, did you forget we had an unusual day on 9/11/01. Caused us some extra expenses!



To: TigerPaw who wrote (354135)2/5/2003 3:42:16 PM
From: Skywatcher  Read Replies (1) | Respond to of 769670
 
Unless FICA is reduced....impacting SMALL BUSINESS DIRECTLY IN THEIR POCKETS....the deficits will MOUNT and the economy will continue to be on the backs of lower income peoples while the RICH ARE REWARDED FOR NOTHING
CC



To: TigerPaw who wrote (354135)2/5/2003 3:47:08 PM
From: SecularBull  Read Replies (1) | Respond to of 769670
 
I didn't notice that FICA rates went up. Since when??

Perhaps you have your tax terminology confused. I wouldn't be surprised given your general level of confusion.

Where's the equity in someone who earns more in having to pay out a greater percentage of that income than the next guy? He/she would already be paying more tax if the rates were the same. What's the moral justification for punishing acheivers, and rewarding those who have little or no net positive impact to the economy???

~SB~