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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?

To: Steve Dietrich who wrote (104698)	8/6/2007 12:09:22 PM
From: longnshort	Read Replies (1) \| Respond to of 173976

no they didn't, tax revenues are up.

To: Steve Dietrich who wrote (104698)	8/6/2007 12:10:09 PM
From: longnshort	Read Replies (2) \| Respond to of 173976

You socialists are such liars. I bet you have wet dreams about 100% taxation

To: Steve Dietrich who wrote (104698)	8/6/2007 12:14:16 PM
From: longnshort	Respond to of 173976

Luxury-tax ghost "Back in the hot summer of 1990, Senate Majority Leader George Mitchell proudly engineered the infamous 'luxury tax,' a nasty little tithe on everything from furs to jewelry to yachts," Wall Street Journal columnist Kimberley A. Strassel writes. "Democrats were proud: Not only were they throwing new dollars at the Treasury, they'd done it by socking it to the rich. The wealthy, in the words of then-House Majority Leader Dick Gephardt, would finally pay 'their fair share.' "Within a year, Mr. Mitchell was back in the Senate passionately demanding an end to the same dreaded luxury tax. The levy had devastated his home state of Maine's boat-building business, throwing yard workers, managers and salesmen out of jobs. The luxury tax was repealed by 1993, though by the look of today's tax debate, its lessons haven't been forgotten. Top Democrats are working to implement a new class-warfare tax strategy, only this time they're getting pushback from those in their party who fear the economic consequences. "Nancy Pelosi and Harry Reid, for their part, are steaming ahead with a plan ripped straight out of Mr. Mitchell's 1990 playbook. They're sitting atop years of pent-up spending demand that is now starting to bust free. Their liberal members want to give more money to gentleman farmers, take credit for expanding health insurance for 'the children,' and write checks to all those struggling renewable energy titans, like Archer Daniels Midland."