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View Diary: Sen. Sanders proposes 5.4% surtax on millionaires. More like this guy, please! (227 comments)

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  •  It would work over 10 years (1+ / 0-)
    Recommended by:
    aseth

    If Obama had any courage, he would let all the tax rates go back to what they were under Clinton and in 10 years the deficit would probably be close to zero.
    He would lose re-election but history would treat him well.

    •  His current budget proposal on taxes (0+ / 0-)

      indeed has that intent if the Republican's approve it but we know that won't happen unless a miracle happens. However, the extension is only for two years and will expire at the end of 2012. Watch for it to be a campaign slogan.  However, don't forget Obama made a deal to get working Americans the following by extending the bush tax cuts for two more years as I had mention it before to others in the past:

      1) Keep $3,000 in tax savings annually

       2) Unemployment Benefit to help 7,000,000 Americans worth $56 Billion.

       3) $2,500 in tax savings to help pay for college tuition and other expenses

      4) A $2,000 payroll tax savings to me or a 2% employee-side payroll tax cut for over 155 million workers

      5) Child tax credit of $1,000 per child with the $3,000 maximum credit threshold.

      6) Earned Income Tax Credit that will give on an average $600 in additional assistance to families with 3 or more children

       7) A 65 percent tax credit to help cover the cost of COBRA for those who lost their jobs in the recession  

       8)  forecast  to creating approximately 1.6 million jobs  increasing the GDP for 2011

      ...We have many more issues that bind us together than separate us!

      by ThisIsMyTime on Fri Mar 11, 2011 at 08:00:11 AM PST

      [ Parent ]

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