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

To: tejek who wrote (561153)	4/16/2010 8:37:59 AM
From: Jim McMannis	Read Replies (1) \| Respond to of 1578423

Lowest because people are making less money. Particularly the private sector?

To: tejek who wrote (561153)	4/25/2010 11:57:45 AM
From: TimF	Read Replies (1) \| Respond to of 1578423

The latest CBS News/ New York Times poll released yesterday shows that as many as 34 percent of Americans think Mr. Obama raised taxes. Probably because he did. First the tobacco tax increase. Then he signed in to law all the tax increases (and fines or fees or other forms of "revenue enhancement") that where part of Obamacare. "The American people need to be reminded that 98 percent of Americans got a tax cut last year," I don't think reminding people of false information is a good idea. "Cuts" to a below zero income tax liability are not cuts. You can't have 98% of people have an income tax cut, because over 40% where not net payers of federal income tax. The other federal taxes on individuals where not cut, and in any case far more than 2% of Americans do not pay any federal tax. Also the cuts where temporary, while the increases are "permanent" (really just indefinite, not tax change lasts forever), so just from that factor they are much smaller than the increases, making Obama's net effect, counting already passed legislation or tax changes that have happened to be one of increasing taxes (and he's going to increase them more later).