If people are so worried about leaving a mountain of debt to their grandkids, then why are they so opposed to?
raising the taxes on the top 2% of earners? It seems to me that the tax policy over the last 10 years of lowering the tax rates didn’t create any jobs. It only managed to throw our nation deeper in debt. The debt needs to be repaid with tax revenue, so why not reinstate the rates to what they were? At the urging of a friend, I just looked at the historical top us marginal income rates and was floored to see just how low they are now compared to the past http://www.taxfoundation.org/files/fed_individual_rate_history-20100923.pdf. If the top earners were able to pay 92% in the top bracket back in the 1950s, surely todays top earners can afford to pay 39% for the sake of our grandchildren’s future.
Um…”Like for Sure Dude” – Nice try, liar. Spare us you disingenuous cut and paste job. Noone has proposed letting the Bush tax cuts expire on those making under 250K filing jointly or 200K filing individually. I asked a sincere question and hoped for a sincere answer, not propaganda.