PrintOctober 11, 2009
Liberals and Taxes: The Big Question
Like many Americans who watched their savings nosedive in the market crash of '08, I've had to retrench, rethink and re-strategize my retirement plans. One course I've considered is to spend less and save more. The second is, somehow, to get a nickel for every time some Liberal said or wrote something like this:The last time the top income tax rate was 39%, the United States enjoyed a booming economy, rising incomes, low unemployment and expanding budget surpluses.Unfortunately, that simple truth has been ignored by Republican propagandists and mainstream media alike during the debate over President Obama's stimulus plan and budget proposal.Well, there's certainly a lesson here for Obama and the Democrats, and for Republicans, too. Surprisingly, it's the same lesson, and a lesson neither expects.But first, a brief digression to dispel the Liberal claim that only "the rich" benefited from the Bush tax cuts:Individual Income Tax Due in 2008,Bush Law versus...(Read Full Article)
