Thread: McCain's Speech
View Single Post
(#115 (permalink))
Old
Sangetsu's Avatar
Sangetsu (Offline)
Busier Than Shinjuku Station
 
Posts: 1,346
Join Date: May 2008
Location: 東京都
09-15-2008, 01:46 AM

MMM, as a home owner in America I paid very little income tax. My single income came just below the "wealthy" $80k limit. After deductions for mortgage interest and such, the amount of tax I paid was very small.

Bush reduced my tax over what I paid when Clinton was in charge. The extra money I had each month allowed enough room in my budget to buy a nicer new car. It was a GM car, and the people of Detroit benefitted.

You cannot blame the federal government for the job losses in Detroit, you can blame the American people and the auto manufacturers for that. It was the people who demanded large SUVs which used so much gasoline, and the manufacturers who were ignorant enough not to develop more fuel-efficient cars.

Once again, taxes are one of the main forces causing businesses to close, or to outsource overseas. Bush's tax cuts helped the economy, but income tax is not the only tax out there. You have property tax, land use tax, utility tax (in some places, half of your phone bill consists of tax), gas tax, business specific tax, mandatory insurance requirements, various environmental impact taxes and fees, fines and assessments, vehicle licensing and registration fees, tolls, etc, etc, etc. 90% of these taxes are levied at the state and local level.

Can anyone give me a logical argument as to how any kind of tax rate increase will help anyone in America?
Reply With Quote