Indeed republicans seem to have a horrible memory about the plugue that Bush was.
I keep hearing about the deficit and debt “caused by Obama”. Let’s look at some things.
15 things…
Code:
President Obama Cut Taxes for Almost All Working Americans
Ronald Reagan Tripled the National Debt
George W. Bush Doubled the National Debt
Reagan Raised Debt Ceiling 17 Times, Bush Seven
Tax Cuts Don't Pay for Themselves
Almost All Working Americans Pay Taxes
The GOP's "Job Creators" Don't Create Jobs
Low Capital Gains Taxes Fuel Income Inequality...
...But Not Investment
The Estate Tax Has Virtually No Impact on Family Farms and Businesses
Income Inequality Has Reached an 80 Year High...
...While the Federal Tax Burden Has Hit a 60 Year Low
Romney-Ryan Plan Another Massive Tax Cut Windfall for the Wealthy
Romney, Ryan Won't Say Which of the $1 Trillion in Tax Breaks GOP Will End
Romney-Ryan Will Add More Debt Than President Obama
YOu can see details about these facts in this article…
crooksandliars.com/jon-perr/15-things-gop-doesnt-want-you-know-about-taxes-debt#seven
All the Democrat talking points all at once, without , of course, a single fact to support them.
Let’s look at just a few. I don’t do this for a living.
Obama has, indeed, lowered taxes…the payroll tax, which makes Social Security even more insecure than it was before. Does he tell the people who think there’s a “trust fund” that they are spending up their retirement now? No.
Indeed, almost all working Americans pay taxes…the payroll tax that goes to Social Security. But slightly less than 50% pay nothing else, and some get back more than they put in through the Earned Income Credit. You know that.
Both Bush and Reagan had substantial periods of Democrat rule in Congress, which is when the deficits ballooned. But look more closely at Bush’s deficit for a moment. It increased with the wars, but then started to shrink. In 2007, it was roughly 1/10 of what Obama’s is every year. In a second term, Obama will double the debt Bush left, or more.
A substantial portion of the income of the elderly comes in the form of dividends and capital gains. Tax it more, and you’re taxing them more.
Claiming that the Estate Tax doesn’t affect family farms and businesses is just absurd. If the Bush cuts are not reinstated, a family hoping to inherit a 1,000 acre farm (not that big a farm nowadays) will pay over a million dollars in estate taxes. No farm family can pay that. Farmers all know that, but they are a small segment of the population, so the Dems don’t care what happens to them. Let giant agribusiness run the farms, right?
Romney reiterated in the first debate that he would not lower taxes on the wealthy overall and said his cuts would be revenue neutral. Obama asserted that it couldn’t be done, but never gave any support for his contention. And his campaign has not detailed it either, which tells me they know it’s not true.
I would love to give Romney a chance to prove you wrong about his increasing the deficit. If he’s elected, I am sure he will. Obama does not greatly fear for re-election by compounding the national debt because he doesn’t care about it and neither do his supporters who imagine that somehow by looting the more prosperous members of the middle class, they will somehow get some money. But Romney would lose all support if he did.
And Romney said he would get rid of some tax breaks by consultation with both sides of the aisle; something he has accomplished in the past and which Obama never has and never will. Even his own party wouldn’t adopt Obama’s budget. Obama is just a demonizer and a divider, and will never be a proper leader for this country because he isn’t a leader at all.
And all of that claim that tax breaks do nothing for the economy has already been thoroughly discredited. It’s based on one man’s opinion and even that man didn’t really say what people say he said. I read it, and it’s as weak as watered buttermilk.