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So after Kerry gets in and raises taxes on the rich.

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MikeG Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-06-04 03:33 PM
Original message
Poll question: So after Kerry gets in and raises taxes on the rich.
Will the Republicans...
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elperromagico Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-06-04 03:34 PM
Response to Original message
1. "This is going to kill the recovery!"
Those will be almost the exact words.
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tridim Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-06-04 03:36 PM
Response to Original message
2. The "massive right wing conspiracy" will crank up again
Just like the Clinton years. Luckily this time we have a fully mature Internet to fight them with.
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hippiegranny Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-06-04 03:38 PM
Response to Original message
3. complain and cry
Edited on Fri Aug-06-04 03:38 PM by hippiegranny
and work tirelessly to find the next monica lewinsky. luckily for us, we won't let our guard down this time.
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MUSTANG_2004 Donating Member (688 posts) Send PM | Profile | Ignore Fri Aug-06-04 03:40 PM
Response to Original message
4. Has he said
what he's proposing for the new rate structure?

I heard him on C-SPAN say that he would lower taxes for 98% of Americans, but haven't heard any specifics.
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leftyandproud Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-06-04 04:57 PM
Response to Original message
5. Kerry needs to raise taxes on EVERYONE
just the rich aint gonna cut it...It's going to be painful but it needs to be done. I read a study few days ago that detailed how much revenue would come in from raising taxes. Apparently, just hiking the bracket for the top 2% will only yield around $50 billion a year. With a $500billion $$ deficit, Kerry will have a LONG WAY to go. They also said a complete repeal would only amount to $140 billion a year...leaving a $360 billion dollar annual deficit!!

Kerry will need to double taxes on everyone or dramatically reduce federal spending if he ever wants to stop the debt from growing.
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Fleshdancer Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-06-04 04:59 PM
Response to Reply #5
6. I agree. I see nothing wrong with the tax levels during the Clinton years
Do you think we could get away with just a complete roll back of all the Bush cuts or do you think it would have to be raised more than that?
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leftyandproud Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-07-04 12:25 AM
Response to Reply #6
8. more
Edited on Sat Aug-07-04 12:34 AM by leftyandproud
repealing every bit of the shrub tax cuts will not put a dent in the deficit. Even if we took the most optimistic assumptions, and closed every corporate tax deduction/loophole, it will only bring in around 250 billion a year, leaving a 200-250billion dollar annual deficit...assuming of course that the tax hikes don't hurt economic growth. bottom line...The debt will be growing every year under the Kerry administration, even if he raises taxes and closes all loopholes. Taxes will need to be higher than they were under clinton if we want to get SERIOUS about reducing the debt. Otherwise, it will continue to crowd out important spending that needs to be done.
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Jon8503 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-07-04 08:36 AM
Response to Reply #6
10. Roll Back The Bush Tax Cuts
Personnaly, I would say just roll back Bush't tax cuts as the economy is showing and depending on where we are with the economy after Kerry is elected, it would show that Bush's tax cuts were the wrong way to go & Kerry only is undoing the damage Bush did and actually not raising taxes but putting them back in place and can take another look at the middle class after he stablizes Iraq and gets our guys back home.
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DaveinMD Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-06-04 05:00 PM
Response to Reply #5
7. completely disagree
raising taxes on the rich and closing loopholes will get the job done. People on the lower end are hurting and the last thing we should do is raise their taxes. We should be helping them out.
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blondeatlast Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-07-04 09:04 AM
Response to Reply #7
11. What's more is that people in the lower and middle income
brackets SPEND any extra funds they receive, driving job growth, unlike the wealthy, who tend to invest it and therefore only drive THEIR economy.

I've been saying there are two economies for years now. I'll excuse the Democrats for stealing my intellectual property!
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demwing Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-07-04 04:07 AM
Response to Reply #5
9. Not True
Double taxes?

Close loopholes and review taxes on Corporations, end coporate welfare, and hike the top tax.

Then see what we need to do...
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blondeatlast Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-07-04 09:05 AM
Response to Reply #9
12. Indeed. Thank you. nt
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