Tag: Bush Tax Cut

[BP Chairman, Carl-Henric Svanberg] is no different than other corporate elitists who are surrounded by evidence of what they see as their superiority. Leona Helmsley referenced us when she said, “Only the little people pay taxes.”

But this time, the truth cannot be hidden. The real evidence of what he and much of the corporate plutocracy thinks of us will be apparent to the residents of the gulf coast and likely well beyond for decades.

Is Financial Reform Good for the “Small People?”

George Mantor, RISMEDIA, 06/22/10

“Only the little people pay taxes”   So says former Queen of the Elites.

Afterall, SOMEONE has to pay.

And we shouldn’t expect the Corporations and Millionaires to carry that weight —

They’re too busy Downsizing the Life out of the Economy, to be saddled with the burden, of paying for the Bush Years.

They really, really need that Bush Tax Cut ‘Free Ride’ to CONTINUE —

Or they just might LET the Economy GET EVEN Worse.

Best we not test them, eh?   Or they really might ef-it-up!

Increasing the Tax rates on the Wealthy — can it happen? should it happen?

Dare we let the fabled “Engine of the Economy” grind to a halt?

How about a little Historical Perspective — How does the “Upper Crust” ever manage their Tax Burden?

(Click for Larger Image)

(By the way, that red line is the “Historical Trend” for the Tax Percentage Rate, for the Top Tax Bracket in America.  It just keeps going down.)

How much do you have to make, before that burdensome Top Percentage Rate kicks in? — here are the Historic Thresholds:

(Click for Larger Image)

(That Super Wealthy threshold, has been creeping up since 1992.)

National Taxpayers Union

How to save $1.3 trillion a year, get healthcare reform, and lose weight doing it

Michael Lemke, Special Interests Examiner – Sept 3, 2009

Ending the Bush tax cut for the top 1% would save $132 billion next year alone.

While the rich have been getting richer at a staggering rate both under Clinton and under Bush, the lower 80% of US households have been stagnating or getting poorer. We have reach the highest level of income inequality in US history, surpassing even the obscene levels of the late 1920s.

http://www.examiner.com/x-1908…

Well, that’s one sure fire way to help pay for Health Care —

Repeal the Bush Give-Away to the Top 1%, or just let them sunset, as the legislation requires!

January 1, 2011, is one Sunset, that can’t come soon enough!

I caught the Randi Rhodes show today. She was suggesting that all we have to do to pay for Health Care Reform, including a Public Option, was to just Roll Back the Bush Tax Cuts!

What a Brilliant Idea!

Thanks Rhandi … (So glad you’re back btw)

As it turns out, we just need to let the Bush Tax Cuts Expire, when they are due to “sunset” (ie. Don’t Renew them!)

When Would the President’s Tax Cuts Expire?

by Andrew M. Grossman – April 21, 2004

In 2001 and 2003, President George W. Bush proposed and Congress passed a series of tax cuts to reinvigorate the economy and reduce the government’s burden on workers’ paychecks. Because of opposition to these measures from some in Congress, they were implemented as temporary tax cuts, all of which will expire by January 1, 2011.

http://www.heritage.org/Resear…