Monday, August 3, 2009

Tax Hike for Middle Class

Didn't the President campaign on a pledge of a tax cut for 95% of all Americans? I'm pretty sure that the Middle Class falls within that 95%. Now the President's people are floating the idea (these types of statements do not happen in a vacuum, nor without the President's consent) of a Middle Class tax hike. Hmmm, and I was called a cynic by some when I expressed disbelief in the President's campaign promise.
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2 comments:

  1. Greg ChallengerAugust 3, 2009 at 1:57 PM

    It doesnt make sense to me John. I read today that Bill Gates earns more than the combined income of the lower 120 million americans combined. If the top 1% have more than 95% of the wealth and they pay over 95% of the taxes, what does a hike on the rest of the people even get for you?...a few percentage points? Why commit political suicide for only a few percentage points?

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  2. JERAugust 4, 2009 at 5:14 PM

    I think you make a great point. Thanks Greg.

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