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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Brumar89 who wrote (395532)	7/2/2008 2:16:08 AM
From: tejek	Read Replies (2) \| Respond to of 1574060

If you think we're already in recession, you shouldn't want a tax increase on top of that. This country and its economy is going to be sailing though some rough waters over the next few years. That means a lot of heavy lifting. Its going to need all the money it can collect. In the meantime, the gov't needs revenue badly. You tell me how taxing the wealthy appropriately by reversing the tax cuts will hurt the US economy any worse than it already is hurting? Every tax hike is a damper on the economy, even hiking taxes on rich people. It isn't even certain that raising taxes on the rich will even raise revenue. The rich can structure their income. Capital gains are avoidable. We'll ask Buffet to help us close the loopholes. ;-)