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09-19-2005, 12:27 PM #1OPSenior Member
Poor Behavior
Howdy bhall,
You state and ask:
" W's tax cut in 2001 for the lowest 20% of earners in America was 2.6% while for the highest earners the cut was 7.3%. In 2010, when W's tax scheme stops, the lowest earners' cuts will be at 1.2% - a raise over 2001 levels - while the highest earners' cuts will be at a whopping 51.8% - yes, you read that correctly (source: Institute on Taxation and Economic Policy Tax Model, June 2002). "
"So tell me, how exactly is that helping the poor?"
The top earners pay the most in taxes,it makes sense to give them the biggest tax breaks,because they are most often business owners,who can then turn around and re-invest in their company and hire more workers. I think that you won't be happy until it amounts to income redistribution..well..if it's socialism ya want-then move to a socialist country.
Have a good one ...Torog Reviewed by Torog on . Poor Behavior Poor Behavior By: Bill O'Reilly for BillOReilly.com Thursday, Sep 15, 2005 http://billoreilly.com/ Soon after the horror of Hurricane Katrina, Americans were subjected to another high wind warning when Jesse Jackson and Howard Dean began exploiting the situation for perceived political gain. These guys will never learn. Ardent Bush haters, they had a perfect opening to ask exactly why the President was at least 24 hours late in responding to the chaos. Once the levees breached in New Rating: 5
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