The tax argument has been going on for three decades. The best economic period in the history of the country occurred after income taxes were raised. 1994-2000.
We already lowered taxes in the 1980s. Even Ronald Reagan realized income taxes were too low and raised them.
Lower taxes, trillion dollar war, dishwashers buying $500,000 houses with nothing down.
And we are arguing about taxes.
Good article on the Kos. Leads to information directly from tax records.
It's an offensive position. Let's make that clear—it's not just ridiculous, or irresponsible, or unrealistic, but patently offensive. When you cut taxes for the wealthy in half, and threaten to shut down the government and/or default on the national debt rather than raise them back up again by one penny, that's class warfare.
In 1995, just 12 of the 400 richest Americans paid an effective tax rat of between zero and 15%. By 2007, that number skyrocketed to over 150. The massive reduction is due to both Bush-era tax reductions for the wealthy and the aggressive exploitation of tax dodges and shelters.
