"This is deadly
earnest," Biden said. "How they can justify raising taxes on a middle class that
has been buried the last four years? How in Lord's name can they justify
raising their taxes with these tax cuts?"
Joe Biden,
Vice-President, Charlotte, NC
Yes, Mr. Biden, they
have and we know who has been running the last four years of economic
turmoil. There are two problems, however
in your direction of angst.
1 – Mr Romney, if
elected, has not issued, discussed or proposed raising taxes on the middle
class; the class that you have so effectively buried, though obviously not with
shovel ready graves. He has proposed
extending the current tax rates and closing the loop holes the rich use so
effectively to avoid excessive taxes.
2 – The middle class
bears so very little of the transparent Federal income tax burden. I say transparent because we all, ALL
citizens, pay the enormous burden of the Federal Government’s regulation
policies. Gas tax, corporate tax (passed
on to the consumer and among the very highest in the free world) along with a plethora
of other little cuts that you and your policies make us pay.
The Tax Foundation has
done another great job in displaying who pays for what and just how progressive
your system has become. I’ll note for
honesty that the Bush Tax cuts help move the burden from the middle class by
lowering tax rates and the Child tax credit.
I have heard that Mr. Romney wants to extend these and close the loop
holes for the very wealthy thus closing the gap.
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