Comments about ‘Senate Democrats promise to push Obama tax agenda’

The push by democrats to raise taxes on business owners and employers ("the rich") shows how upside-down their understanding of economics really is. They propose the exact opposite of what is needed to stimulate the economy -- that's why their efforts of the past 3 years have been a miserable failure that have prolonged the recession, kept unemployment high, stifled business growth, and increased the federal deficit.

'They (Democrats) propose the exact opposite of what is needed to stimulate the economy -- that's why their efforts of the past 3 years have been a miserable failure that have prolonged the recession...' - Locke | 3:18 p.m. Jan. 25, 2012

Really?

And yet, we have been PAYING, to give the wealthy tax breaks...

since 2001.

**'Hatch, Republicans challenge tax cut expiration' - By Becky Bruce - Deseret News - 12/01/10

"WASHINGTON, D.C. Republicans in the U.S. Senate are drawing a line in the virtual sand, vowing to keep all legislation off the Senate floor unless Congress extends the Bush-era tax cuts..."

So, to claim that 'the Democrats' have been holding the economy back...

after we have been doing a REPUBLICAN tax break for the wealthy...

for the last x10 YEARS, is foolish.

Result?

**'Study: Rich get a lot richer, outpace middle class' - By Andrew Taylor - AP - 10/26/11

"It finds that after-tax income for the top 1 percent of U.S. households almost tripled, up 275 percent, from 1979 to 2007."

Last x3 years?

Try the last x10 years...have been a misrable failure.

The Obama Administration and Congressional Democrats and Republicans need to stop the political posturing and meaningless rhetoric. Just increasing the tax rate (under the current code) does NOT solve the long-term problem of yearly deficit level spending which continues to add to the +$15 trillion U.S. debt at a rate of over $1 trillion/year. You could tax the rich at 100% of their income and it will NOT reduce the deficit or any of the current debt level by one penny.

What needs to be done is to basically implement the recommendations of the Bowles-Simpson Committee, which was commissioned by Obama, but has been totally ignored, by this Administration and the Congress in the name of ridiculous political posturing for re-election purposes. We need to entirely revise the tax code per the Bowles-Simpson guidelines and entirely throw out the current code with all the loopholes, tax subsidies, and deductions. That would be fair to everyone.