Well Senator Joe Biden feels it’s our patriotic duty to pay more taxes to the government. Obviously, according to the Democrats, we don’t pay enough taxes. So in an Obama/Biden government, they will want more tax money – much, much more tax money. But then they say they would only take the more tax money from the rich and give tax breaks to the non-rich. While they’ve provided several definitions of what income level makes someone “rich” or “not rich” in this country, one thing for sure, if they raise taxes by repealing the Bush tax cuts, it will be felt by everyone, regardless of income.
Simple economics are if the cost of producing goods and services go up, even if the increase is due to higher taxes on corporations, we all pay more for those goods and services. Anyone who doesn’t realize this is out of touch with economic reality. The Democrats are just hoping the average American is too stupid to understand this.
Saturday, September 20, 2008
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