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Reply #9: Obama's campaign pledge was to reverse the Bush tax cuts for the rich back to tax rates that existed [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010)

Time for change

(1000+ posts) Send PM | Profile | Ignore

Mon Nov-24-08 06:37 PM
Response to Reply #7

9. Obama's campaign pledge was to reverse the Bush tax cuts for the rich back to tax rates that existed

during the Clinton presidency.

I don't think that would qualify as becoming "overdependent on income taxes for the rich". And our economy did pretty well during Clinton's presidency.

As far as the rich seeing hits to their income this year, they would only have to pay income taxes on the income that they make.

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