7 Wishes wrote:What you're failing to acknowledge is that under Obama's plan, the people earning the most money would still be taxed less than during Reagan's Presidency.
You also need to realize that more middle class people will have more discretionary income under Obama's plan. That would certainly help fuel the economy.
Obama's position is hardly perfect, but it's a better plan for the long haul.
if your boss gives you raise in your job from say 10 dollars to 20 dollars and hour one year and then two years later say, sorry pal your pay is going down to 13 bucks an hour - you d be mad, even if the boss says , well you made 10 dollars back then so you are still better off. Same as the income tax rate going back to the same level as it was under Reagan . ( Plus dont forget Reagans biggest tax win was in the last two years of his presidency 1986 - most of his term he said that rates were too high.)
Plus OBAMA will also reverse the CLINTON TAX cut - which was reduction of capital gains taxes made in 1996 and of vital importance in spurring growth
