Facts don't support your argument:Dilbert_X wrote:
OK so:
Democrats making people pay the right amount of tax to meet govt spending commitments is bad.
Republicans giving selective tax cuts to the rich and mortgaging your children's future to the Chinese to help the already wealthy is good.
Washington Times wrote:
But the real jolt for tax-cutting opponents was that the 03 Bush tax cuts also generated a massive increase in federal tax receipts. From 2004 to 2007, federal tax revenues increased by $785 billion, the largest four-year increase in American history. According to the Treasury Department, individual and corporate income tax receipts were up 40 percent in the three years following the Bush tax cuts. And (bonus) the rich paid an even higher percentage of the total tax burden than they had at any time in at least the previous 40 years. This was news to the New York Times, whose astonished editorial board could only describe the gains as a “surprise windfall.”
Washington Times wrote:
After dipping in the early part of the Bush administration, by 2007 the top quintile of earners - the 20 percent who made the most - paid nearly 70 percent of all the taxes that the federal government collected, according to Congressional Budget Office figures. That includes a staggering 86 percent of the income tax being paid by just the top quintile of earners.
By contrast, the bottom 40 percent on average not only pay no income tax, but they siphon money back from the federal government in the form of the Earned Income Tax Credit, a 35-year-old program designed to offset some of what low-income workers pay in Social Security taxes.
Between 2000 and 2007, the top quintile’s average pretax income went from $236,500 to $264,700, or a jump of 11.9 percent - nearly twice the rate of increase of any other quintile. But the top quintile was also the only group to see their federal tax burden rise, and by 2007, it was paying the vast majority of all such taxes.
“Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.”
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular