General Discussion
In reply to the discussion: the lies of David W, Corn [View all]JoePhilly
(27,787 posts)1) Obama would have been blamed. If you followed the media coverage before the deal was made, the media was already calling it a potential "read my lips" moment for Obama. They were gearing up for it. And it would have worked.
2) Who cares. He made that promise specifically because the GOP was painting him, with media help as one who would tax the hell out of everyone. You seem to think that all tax breaks are the same, or that they all have the same impact, they don't.
3) The majority is not you. Most Americans were for allowing the tax cuts on the top end to go up, but not if it also meant their own taxes would go up. The polling on this was very clear at the time. Most of the 98% under 250k did not support an increase of their own taxes just to get the taxes on the higher end to go up. Just a fact.
4) The impact on tax cuts on the economy is not uniform at different income levels. A tax cut for the lower income brackets puts money into the economy because they tend to spend it. A tax cut for the rich has no stimulative effect because that money does not get spent. This is also why extending unemployment benefits helps the economy.
5) Once again, you seem to think that all tax cuts are created equal. Now, I'll say it again. Very soon, the tax rates on the high end will go up. Its going to happen. As for how much of the cut goes to different income levels, you'll have to explain to me how you can cut the taxes of the poorest enough for their cuts to exceed the the cuts on the higher end. In other words, if you select an income level low enough, the people you are talking about already pay very little (in absolute numbers like you used) in taxes. I mean, if I make 20k a year, exactly how much of a tax break can you give me in the first place?