Christmas present enormous tax increases
 

Obama promised an up or down vote on his 'deficit commission' recommendations, they will recommend massive tax increases.

1) let Bush tax cuts expire, in the 10% bracket, welcome to 15%

2) Cap and trade here will be the new reason for this turkey, since the MMGW meme has fallen apart

3) VAT tax this is one the libs have wanted for a long time.


All 3 will be job killers but the radical in the WH doesn't care nice thing is it will be said to be "bi-partisan" (they put a couple of RINO's on).


The goal will be to pass it during the lame duck session of congress Obama will veto any attempt to stop these taxes.

Durbin: GOP Tax Cut Stubbornness Could Cripple Obama's Fiscal Commission | TPMDC

Dems on Obama fiscal commission raise conservative hackles with talk of ‘pro-growth’ tax hikes | The Daily Caller - Breaking News, Opinion, Research, and Entertainment

Obama's 'Fiscal Commission' Has One Goal: to Raise Taxes


Currently us taxes total ~45% of GDP, this will attempt to push us to the 60%+ level.

Merry Christmas from Pelosi Reid and Obama

Re: Christmas present enormous tax increases
 

Really? Apparently I don't know how to read a graph. Perhaps you could explain it to me because it sure looks like a just a little over 30% in 2010 to me.

http://www.usgovernmentrevenue.com/u..._g_g_g_g_g_g_g

http://www.usgovernmentrevenue.com/d...-total&local=s

Re: Christmas present enormous tax increases
 

You need to include state and local taxes also.

Re: Christmas present enormous tax increases
 

The gift that keeps on taking.

Re: Christmas present enormous tax increases
 

http://www.ontheissues.org/2008/barack_obama_tax_reform.htm

“OBAMA: I want to provide a tax cut for 95% of Americans. If you make less than a quarter of a million dollars a year, you will not see a single dime of your taxes go up.”

Re: Christmas present enormous tax increases
 

According to The Heritage Foundation (extremist right wing propaganda tank) the overall rate is ~28%, and they rank the US at 8 overall in their "economic freedom" (LOL! Freedom bucks!) rankings.

United States information on economic freedom | Facts, data, analysis, charts and more

The Brookings Institute (lefty version of the Heritage Institute) puts us in at about the same rate - 28.3% overall.

Amazingly, the cats and dogs agree on the issue.

Revenue Statistics 1965-2008, 2009 Edition

List of countries by tax revenue as percentage of GDP - Wikipedia, the free encyclopedia

http://www.oecd.org/vgn/images/porta...145Chart-A.jpg

Re: Christmas present enormous tax increases
 

If the rates stand as is, the lowest rate goes from 10% to 15%... amazing.

Re: Christmas present enormous tax increases
 

The most interesting thing to note about Strudel's chart is that only 2 of the top ten countries have populations over 11 million people and only 3 of the bottom ten have populations under 11 million. I would have used 10 million (a nice, round number), but Sweden and Hungary both clear that hurdle by the skin of their teeth. In fact, the combined population of the bottom half is probably several times more than the combined population of the top half. In any case, I'm a little too out of it to draw any conclusions from that correlation, but it's interesting.

A politician not keeping campaign promises? About taxes? I though only Bush I did that. :eek:

Re: Christmas present enormous tax increases
 

WH Press Sec. trying to explain why no bill has been submitted to congress.

YouTube - Robert Gibbs Gets Lit Up Over The Administration's Stance On Taxes At White House Press Briefing

BTW, 60 votes are not needed for this to proceed. Democrats could pass tax cuts through reconcillition just like the Bush tax cuts were.

Re: Christmas present enormous tax increases
 

How did that turn out for him when he ran for re-election?
(*I presume you were referring to Bush the Elder and "read my lips")