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What will Democrats do when the Bush tax cuts expire in 2010?

And they realize that Barack Obama did not lie about not raising taxes on the middle class, instead, just lets them rise on their own? I really think Obama supporters are the most uninformed in decades... they are jeopardizing their future for lies and a few hundred dollars.

http://www.americanthinker.com/2008/10/senator_oba...

Update:

economists even at Universities where Obama "taught" see Obama's plan is a disaster and most Obama supporters still do not understand that they will not have jobs under this plan, companies are already planning layoffs based on the plan, yet they see false hope

Update 2:

Its funny how so many people do not understand the issue with this, I remember when the tax cuts started, I was making about $50k and I took home almost $1500 more after that, now I will get a check for a few hundred bucks and I will have my tax increased by a couple thousand... Obama supporters are going to destroy our nation because they do not do any real research.

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  • 1 decade ago
    Favorite Answer

    well put sir. It seems to me that people are in love with this promise about taxes. They don't seem to get what it really means. Obama keeps saying people in the middle and lower class of incomes need a break. Is getting a check for a few hundred dollars really a break. Would you rather get a check from the government for $1000 bucks, knowing that someone else worked just as hard if not harder than you to earn it. Or would you rather get a $2500 a year raise that will be impossible if you take more money out of your employers hands. Businesses are struggling and people are losing their jobs and for some reason those people losing their jobs seem to think that taxing their employers is going to get them their job back. That isn't the way it works. If your company makes a $1mil a year and you increase there tax burden by 4% you immediatly make their capital standing $40,000 less then before the hike. If your making $40,000 a year and this happens, how safe do your job is and how do you expect to get a welcoming response when you ask for a raise. Especially after you advertise to people around you that you are voting Obama. Your bosses response when you go for your raise. "You can thank Mr. Obama for your inability to get this raise."

  • Anonymous
    1 decade ago

    We will let them die because they primarily are for the richest and they will already have been replaced by a better tax break for the middle class.....That is if they have not been repealed already in 2010. In spring 2000 my neighbor figured he would get a $2,000.00 plus tax refund due to Bush promised tax cuts. He received $12.00 and change. It has been the same story every year since. He even had to pay a couple of times. That is because the much ballyhooed tax cuts from Bush have nearly all been for the very wealthy. Economists don't see Obama as a disaster. They don't see any "easy" answer for the mess Bush created. But they see Obama's plan as more effective than McCain's....and it is time the wealthy paid a fair share. Less money to invest overseas, less capital gains breaks. Some real interest in America and their fellow Americans. Trickle down is a failed theory. Even under Reagan. The real reason his second term was better than first was record defense spending to spend the Soviet Union into collapse....Think wealthy investors first virtually moved the electronics industry out of America, they moved the high tech industry to places like India. The list is endless. More money for them, less jobs and money for everyone else.

    Source(s): Common sense. Plus experience.
  • 1 decade ago

    America has had a progressive tax system since 1916. Obama wants to return to the same rates of Clinton. All Obama wants to do is stop the Bush tax cuts to the rich.

    Back in 2001 McCain also wanted to do the same thing, until he sold his soul to the devil for this election. In 2001 John McCain said, "I cannot in good conscience support the Bush tax cut in which so many of the benefits go to the most fortunate among us, at the expense of middle class Americans who most need tax relief."

    Fast forward to 2008: Corporates have made billions, but the middle class have lost their homes, jobs, their financial portfolio shrinking, their savings and retirement funds depleting. This is exactly was McCain was talking about in 2001 when he opposed Bush's tax cuts. He envisioned it then and now that it has actually happened he is still pushing to make Bush's tax cuts permanent. In the last 8 years the gap between the rich and the poor has increased because more and more middle class people have fallen under the poverty level.

    One of the highlights of Bush's campaigning in 2000 was to cut taxes. At that time he was the Governor of Texas, who had no national security and foreign policy experience (does he not sound like Palin). But he won because people were frustrated with Clinton and the Democrats at that time and that Gore was not a strong candidate either. Now because Bush won in 2000 campaigning cut taxes, McCain has taken the same play from the republican game book and making a run for it hoping to dangle the carrots over the peoples head and win.

    John McCain's 2000 Campaign Rally: Audience member: "Why is it that someone like my father who goes to school for 13 years gets penalized in a huge tax bracket because he's a doctor."McCain: "I think it's to some degree because we feel obviously that wealthy people can afford more."

    Audience member: "Are we getting closer and closer to, like, socialism?"

    McCain: "Here's what I really believe: That when you reach a certain level of comfort, there's nothing wrong with paying somewhat more." Now did I hear anyone call McCain a socialist for his remarks in 2000, I bet you not. Does he not sound like Obama back in 2000 and now calls Obama a socialist... He has sold his soul to the devil. Wait if he wins and the Devil asks for his payout, what do you think will happen...

    If only you republicans could think beyond MONEY, you would see the world more clearly.

  • KH
    Lv 5
    1 decade ago

    Yes, we are aware that they expire in 2010.

    Obama has already shown what tax plan he would put in to REPLACE them. You can check it out at www.taxpolicycenter.org

    McCain could let them expire also...how do you know he won't?

    I would like to see if either one is going to address the AMT--which was expanded by Reagan to include alot more middle class families. Tax cuts are great..but if you end up into an alternative tax bracket...well then it doesn't really matter now does it?

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  • Anonymous
    1 decade ago

    Only a fraction of Obama's supporters will rise when the Bush tax cuts expire. The handful of Obama's supporters whose taxes do rise realize that fiscal responsibility is the cost of good government.

  • Anonymous
    1 decade ago

    The Bush tax cuts didn't much affect the middle class -- they mostly went to the rich. It's worth noting that McCain opposed the Bush tax cuts, by the way. He was right. They've been an economic disaster.

  • 1 decade ago

    Lies, you want to talk about lies and deceitfulness. Both sides do it. You can't sit there and honestly say McSame has been truthful, lol. The tax rates are going back to the way they worked before. They obviously are not working now the way they are. Besides how can we not think that taxes won't go up after the repubs bankrupted the country practically.

  • 1 decade ago

    Bush's tax cuts are not written in stone, that can be changed in 2009 by Congress.

  • 1 decade ago

    They have already said they would not continue those cuts. But they don't call that a tax increase.

  • Anonymous
    1 decade ago

    Like you pointed out, it's just a few hundred dollars. What's the big deal? If the economy improves under Obama, which it will, we won't need handouts from the government.

    Why are so many Republicans worried about their welfare check (uh... stimulus check) being cancelled?

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