08-27-2012, 10:16 AM
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#4
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Moderator
Join Date: Jan 2005
Posts: 22,171
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Re: Ending a TEMPORARY Tax Cut is not "Raising Taxes"
Quote:
Originally Posted by PatriotsReign
Ok all you dummies who actually think it is.
So if we end the foolish 2% reduction on social security taxes, it WILL NOT BE a tax increase.
Same goes for Bush's capital gains tax cuts.
NEITHER one would be a tax increase because both were TEMPORARY tax cuts.
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Well it's been temporary for 10 years, so the rate people will play next year if Obama gets his way will be the highest people have paid for 10 years.
SS is underfunded as it is so the cut in SS taxes is just causing it to go bankrupt sooner.
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