I guess this really could be bantered back and forth for quite some time but history will tell the true story. If the American people see fit to put BO in control of our country I'm sure this thread will be revisited in a few years. I stand on my guarantee that many will be very surprised at the actual change they end up with.
One of BO and JB's main campaign PROMISES that each have drilled in into our heads at least a thousand times is that 95% of ALL Americans will get tax cuts. I am one of those 95%. Well see.
It will be interesting to see how he works out spending a trillion new dollars in programs, gets everyone health care and gives 95% of all Americans a tax cut and at the same time creates new jobs from those companies he's vowed to raise taxes on. Keep in mind these are all things he himself promised us and are his main campaign talking points.
I like JM’s plan better. Leave the Bush tax cuts in place at current levels, cut capitol gains rate to spur growth and investment in companies (works every time it’s tried) and put in place an across the board Washington spending freeze until they can get their own house in order and sort this mess out. Call me crazy but that approach sounds pretty practical to me.
It’s a proven fact that when you cut the capitol gains rate, more jobs are created. More people working brings in more money to Washington and more money goes into social security. Something I’m sure we are all interested in. The democrats turn that around and call it tax breaks for the wealthy. I’ve asked this a hundred times, when in your lifetime has a poor person ever provided a job for you you?
BO actually wants to increase the capitol gains rate under the premise that he can redistribute the money to people who aren’t paying taxes in the first place which is about 42% of our population.
How does that create jobs?
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