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George W. Bush is smiling behind Obama's back, his tax cuts still in force for many Americans

 
Astral Goat
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User ID: 22441207
United States
01/03/2013 07:33 PM

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George W. Bush is smiling behind Obama's back, his tax cuts still in force for many Americans
Somewhere in Texas, former President George W. Bush is smiling.
Although some Democrats are pleased that taxes will now go up on the wealthiest Americans, the recent deal to avert the fiscal cliff entrenches, rather than dismantles, one of Bush's signature legacies -- income tax cuts. Ninety-nine percent of American households were protected from tax increases, aside from the expiration of the reduced rate for the payroll tax.

From - [link to www.cnn.com]



If it weren't for the Republicans in Congress, the Bush tax cuts would have expired. (my opinion)



Republicans thus succeed with what some have called the "starve the beast" strategy of cutting government by taking away its resources. Since the long-term deficit only becomes worse, Republicans will continue to have ample opportunity to pressure Democrats into accepting spending cuts and keep them on the defense with regards to new government programs.

With his income tax cuts enshrined, Bush can rest comfortably that much of the policy world he designed will remain intact and continue to define American politics. Obama has struggled to work within the world that Bush created, and with this legislation, even with his victories, he has demonstrated that the possibilities for change have been much more limited than he imagined when he ran in 2008 or even in 2012.
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Anonymous Coward
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Canada
01/03/2013 07:45 PM
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Re: George W. Bush is smiling behind Obama's back, his tax cuts still in force for many Americans
The whole operative phrase in this bullshit sumation is, "aside from the expiration of the reduced rate for the payroll tax."

Everybody who works for a living just got fucked in the ass for higher taxes. All those fuckers who make their money owning chinese factories, they don't pay anything.

It's a good thing you don't make the Chinese factory oweners pay high taxes. Cause if you did they wouldn't have any money to open even more Chinese factories. Where would America be then? The horror.... the horror...
Anonymous Coward
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01/03/2013 07:45 PM
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Re: George W. Bush is smiling behind Obama's back, his tax cuts still in force for many Americans
Bush isn't smiling because of any tax cuts. He's smiling because he and Obama tricked your stupid asses so severely that they can't even believe how stupid you are so all they can do is laugh all day long.
Anonymous Coward
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Canada
01/03/2013 07:52 PM
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Re: George W. Bush is smiling behind Obama's back, his tax cuts still in force for many Americans
Tell you what I do. It tax those fucking jews 90% on their bullshit easy money banking scams. And I'd tax every fucking traitor importing foreign shit into the US 95%. 0% tax rates for everyone producing domesticaly.

Fuck the leeches that contribute nothing to society. Support those who support socitey, fuck the rest, with a baseball bat with a nail in it.
Anonymous Coward
User ID: 30786416
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01/03/2013 07:55 PM
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Re: George W. Bush is smiling behind Obama's back, his tax cuts still in force for many Americans
yep they'll continue to pay their hefty 14% tax.

(of course only on the money that's not offshore...)

good on them!!! cheer

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