Hold on to your wallets.
Don’t make the pie bigger, just rearrange the slices..............
How about two birds with one stone?
Anyone earning under 200K qualifies for SCHIP.
Anyone earning over 200K pays for it.
Here we go again. The socialist libs BUYING VOTES with redistribution of wealth. Thanks again to the voters of 2006 who sank America’s ship and turned the helm over to a bunch of socialist, power-mad nutjobs who just want to steal from America’s producers and REAL taxpayers and give it to America’s “less-than-producers” who pay only a small percentage of America’s confiscatory tax burden.
*** WE BUY VOTES *** (the sign over DNC headquarters doorway)
anyone taking this idiot seriously? he’s a kook...from the lib party....
Why do all the new tax schemes punish achievement ? Its about time that the lower income levels start paying some taxes instead of putting it all on the individuals who REALLY earned their income ( except Hollywood of course )
But reduce spending to make up for it...don't soak the rich.
If you soak the rich, tax revenues decrease because production decreases. Get it,Rangel?
I wouldnt let Rangel overhaul a lemonade stand run by six year olds....
Wonder where the “fair-tax” folks sit on this issue.
“The $1 trillion bill proposed by Rep. Charles Rangel, chairman of the Ways and Means Committee in the U.S. House of Representatives, would also reduce taxes for millions of middle- and low-income taxpayers.”
***
Yeah...riiiiiiiiiiiiight....
And even if that were true, what new tax (or fee or assessment) will take place of these “reduced taxes.”
“The top U.S. congressional tax writer proposed sweeping tax legislation on Thursday that would repeal a tax for the rich that has been hitting more middle-class Americans and replace it with a new tax on high-income earners. “
***
Socialism at its finest.
And as we all know, a “rich” person or ‘high income earner” is usually defined by the liberals as anyone making more than $2.00 per hour.
Hey, if rich folk are gettin richer off us po folk, they ought to damn well pay for it. (/s)
Just for the record, federal revenue has increased from $1.7 trillion per year in 2003 to $2.5 trillion per year in 2007. The federal government is flush with cash. We just need to get spending under control.
Federal revenue is: individual income taxes, corporate taxes, and custom duties.
2007:
http://www.fms.treas.gov/mts/mts0907.txt
2003:
http://fms.treas.gov/mts/mts0903.txt
1998 - 2007 (click SEPTEMBETR, end of fiscal year)
http://fms.treas.gov/mts/backissues.html
When people don’t pay taxes, they don’t care what happens to the money, as long as they get their share.
That’s what the Dims want: A nanny state and nobody but the “rich” care.
I like Neal Boortz’s description of the tax plan:
We are going to give away more stuff to people who vote for us, and take stuff from people who do not vote for us so we can give more to our people.
He needs the money for a monument to him. What a conceited arrogant ...
Raise taxes, fund socialism and gun control. What’s so difficult to understand about Democrats?
'Largest individual income tax increase in American history'...
Thanks Charlie. I'm not sure if promises of tax increases have ever gotten anyone elected. It didn't work for GH Bush (promised not to but did anyway), or Kerry, or Dukakis. I'm sure there are plenty more and probably a few exceptions but I'm glad they're saying it now and not in '09.
If I were the Pubs that would be my headline for the election.