Raising Taxes: Separating Fact From Fiction

Raising Taxes: Separating Fact From Fiction

As Republican’s and Democrats butt heads on whether or not to raise the nation’s debt ceiling, Speaker of the House John Boehner has adamantly opposed raising taxes on anyone, claiming it would lead to catastrophic consequences for the slowly improving economy.

Republican’s are notorious for being against raising taxes.  It is in their ideological DNA.  President Obama has been attacked for proposing to end tax cuts for the wealthiest Americans.  Republican’s have used this is a weapon against him since his first mention of it.  What they don’t like to talk about, however, is that other Presidents have raised taxes in the past to balance the budget, including Republicans.  President George H.W Bush promised “No new taxes” while running for President in 1988, only to raise them, and be ousted from office by Bill Clinton.  Clinton also raised taxes in 1993.

One Republican President who is considered the author of the current GOP blueprint, Ronald Reagan, raised taxes 3 times during his presidency!  Republicans praise him for lowering taxes during his first term, which was credited for bringing back the U.S economy, but you don’t hear much about the increase in taxes.

Why?  Because no one wants their taxes raised, even millionaires, the majority of which happen to be Republicans.  In reality, President Obama should raise taxes on the wealthiest Americans.  The opposition claim that these same people are responsible for investing in businesses and creating jobs, and raising their taxes will keep their money in their pockets.  This logic certainly didn’t keep President Reagan from increasing them on 3 separate occasions.

Should President Obama raise taxes?

  • Yes--Taxes should be raised for all Americans. (65%)
  • Yes--Taxes should be raised, for the wealthy Americans. (28%)
  • No--Taxes should not be raised for any American. (7%)
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It is truly time to stop with the smoke and mirrors, and put everything on the table when it comes to cutting the nation’s deficit.  The debt in this country, which has skyrocketed due to bad decisions from BOTH parties, must be addressed, and soon.  Honesty is the best policy, and unfortunately, that is usually not in the Washington political dictionary. Republicans should take a page from their own playbook written by coach Reagan, and stop flipping past it.  Raising taxes must be done, let’s see if Boehner and company are adult enough to make the call.

Down, Set, Tax Hike!

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One Response

  1. Carlos Reaves 16. May, 2011 at 9:33 am #

    My thoughts… DO NOT raise taxing for middle and lower class. It is extremely hard making ends meet as it is for such classes. Instead, let some of the American multi-millionaires get America out of debt and in return allow them to have free healthcare and travel for life. If your average middle class citizen makes, lets say, $60,000 a year (before taxes), it would take him/her 16.5 years to make $1 million. So all of these American athletes, movie stars, powerhouse entrepreneurs (like Donald Trump, Oprah…) etc who bring home $15million, $20million, etc a year should fit the American debt bill. With everything being money driven, the prices on EVERYTHING going UP (gas, food, utilities) while salaries are being FROZEN. The middle class seems to be slipping into poor category and the poor into poverty. I know it sounds unfair, but I stand by my opinion. Let those who make MILLIONS annually get America out of debt because a slight decrease in their funds wouldn’t really hurt them, just like when I buy a homeless person food and drinks from the grocery store with $10, I am not feeling the decrease of that $10 because I can afford it.

    I also I reflect back on countries who recently had natural disasters and American celebrities jumped right in to help, raising thousands, if not millions of dollars to go toward that respective country, why not do the same to get us out of debt?? DON’T raise taxes on people who are just making ends meet (especially middle class single people).

    I know that is a long jump, but that’s my opinion. I know it would never be considered, let alone, happen.

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