Posted on 01/03/2013 1:55:43 AM PST by Libloather
The fiscal cliff deal handed Democrats a tax victory years in the making, but it also means the party will need a new playbook for the budget battles that lie ahead.
That’s because many Democrats readily acknowledge that they’ve exhausted their ability to raise taxes on the richest Americans by jacking up their rates.
The historic tax agreement passed by Congress this week raises rates on top earners from 35 percent to 39.6 percent. Meanwhile, provisions from the 2010 health care law kicked in Jan. 1, increasing rates on investment income from 15 percent to almost 24 percent for the most affluent taxpayers.
(Excerpt) Read more at politico.com ...
They're far from done.
They don’t need a new game plan. The 1913 plan still works, for now.
When a Politician says he only wants to raise your taxes 'just so much' or 'just upon the rich', BEWARE. After they fail to get the revenue they projected, THEY ARE COMING AFTER YOU!
The Italicized statement proves it.
There is jus tnever enough robbing the citizens when the Marxist Democrats are runnung things. Tain’t enuff, evah. I see a VAT tax coming, and maybe 401K takeaways.
What happens when there is no more left to take?
Aw hell, I cannot belive we are putting up with this crap!
“What happens when there is no more left to take?”
Ask a lib this question. You get what I like to call a “Vacant Stare”
Is the same as a rapist saying 'I'll only put it in a just little bit.'
Crude, but accurate.
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