if president obama gives us 70% tax will america support it?

May 2021 9 7 Report

if president obama gives us 70% tax will america support it?

http://online.wsj.com/article/SB100014240527023049...

the president does not raise taxes, he Signs them into law. he is also the person who will tell us about it and how wonderful it is, will americans support it?

Politics & Government / Politics

Anonymous

Verified answer

The welfare set will. They don't pay taxes like the rest of us. And there are ALOT of them.

ndmagicman

The article talks about raising the highest end individual tax rate back to the 70% it was prior to Reagan. That effects only individual incomes over about $3.2 million dollars. It would effect about 2% of the population at most. And even with that I serious doubt it will ever be done.

PoBoy

No, the most dishonest article in the history of Murdoch's lying rags. The Hoover Institute - right wing propaganda.

The only proposals I've read are a return to the low [historically] tax rates of the Clinton Era, a time when business and individuals got fat and happy.

Your link is extremist propaganda designed to scare upper middle class folks into contributing to G0P causes. Failed.

Anybody that quotes Art Laffer is completely unreliable as a credible source. The Laffer Curve has been debunked, and shown that it has no real basis in any true economic model. Laffer experienced some notoriety in the Reagan years thanks to Dick Cheney, however he had never submitted any of his ideas for peer review. He is an economist like a chiropractor is a doctor.

Anonymous

if he says its "for the children" 90% of people will support it they would support a 98% tax if he used that BS line

Obama could eliminate all taxes for everyone.....he could eliminate the debt ceiling...he could create world peace for every nation....he could make the economy so booming that every american would be rich,,,,,and people will still find a reason to hate...