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September 16, 2006

More Democrat myth busting - 'Soak the poor'

Of the two-step dance the Dems are running on this summer, the other step is the Bush taxcuts. From Tom Daschle to Nancy Pelosi to Charlie Rangel, the hue and cry was "Bush taxcuts are for the rich and ultrarich." However, the numbers not only show the Dems to be wrong, but it clearly demonstrates putting Dems in charge of Congress, with their promises to defeat making these cuts permanent, will actually harm the people they pretend to champion

The untold story of the Bush tax cuts is the fact that they wiped millions of poor and low-income Americans off the income tax rolls. A large block went from paying small tax bills to paying no income taxes at all. As many as 43 million Americans, nearly a third of all taxpayers, now have no income tax liability. [...]

According to the Treasury Department, a family of four with two children making $56,300 in 2011 -- that's not rich -- will be hit with a tax bill that's bigger by $2,092, a 132% hike.

That same family making $67,600 a year -- still not rich -- would see its tax bill go up by $1,858, an increase of 58%.

What is scheduled to expire in 2010?* Say hello to more marriage penality, bumping the 10 percenters into 15 percent and screwing over struggling single moms and dads vis a vis the EIC. niiiiiiiccce

And let's not forget that Dems are opposed to getting rid of the death tax.

Tell me again, which party is it that truly believes in property rights and wants to let people keep more of their own money??

Remember that this November.

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Posted by Darleen at September 16, 2006 09:37 AM

Comments

Darleen,

Once again, you venture into a topic you know little or nothing about and choose to ignore any studies that don't fit your pre-set Rightwing worldview.

There is no question that over the past six years tax rates for the middle classes have been rising while for people making millions of $ per year, their tax rates have declined.

What studies do I refer to, you wonder? Some biased Lefty reporting? How about the
Congressional Budget Office?

And as far as the so-called death tax -- do you actually know anyone who would pay this tax? I doubt it. For one thing, less than 1 percent of estates currently pay any such tax at all.
And by 2009 (when the law allows a couple to pass $7 million and an individual to pass $3.5 million of any estate to their heirs tax free), less than 0.3 percent of estates will owe any tax.

You have no idea what you're defending, Darleen.
You want to add billions of $ to the national debt?

Posted by: Brad at September 17, 2006 10:47 AM

OK, I just realized that my html skills have waned (since I rarely bother to blog anymore.

Here's the link I meant to post in the above comment:

http://www.washingtonpost.com/wp-dyn/articles/A61178-2004Aug12.html

Posted by: Brad at September 17, 2006 10:49 AM

Hi Darleen,

Sorry for commenting off-topic, but I saw a post of yours on another site about how your husband played in The Doors cover band Strange Daze in the LA in the early 80's. I just checked and, yes, I stil have a ticket stub from Strange Daze Rismiller's 8/28/82. My brother, sister, and I, along with some former cow orkers in the burbs saw Strange Daze many times and loved it. Please pass that along to your sweetie so he knows his overdose on the Doors was worth it!

Secondly, I have an old best friend who spells her name Arleen not Arlene, rather like how yours is spelled Darleen not Darlene.

Claire

Posted by: Claire at September 18, 2006 09:42 PM

I will remember. Which is why I'm voting Democrat in November.

I think a lot of other people will desert the GOP this time around...

Posted by: Carl W. Goss at September 19, 2006 11:09 AM