(Blog Post) One of the many problems with the debt-reduction talks is the narrow scope of what Republicans consider acceptable. They are, or at least claim to be, desperate to cut spending and reduce the deficit in a hurry, but they’re also quick to reject all kinds of credible ideas that would achieve this goal. Full Story »
Posted by Jon Mitchell - via Washington Monthly, Memeorandum
This is quality journalism. Apparently Republicans are will to cut almost everything but will not allow raising taxes. Below is the list of income tax levels used from 2010 and 2011. What is proposed is raising the last income tax level. Too many do not know that those who have high income pay each percentage to the next level until they reach the last level. Tax Rate Married/Joint 10% $0 15% $16,750 25% $68,000 28% $137,300 33% $209,250 35% over $373,650
This, in and of itself, tells us quite a bit about the current state of the Republican Party. On the issues hierarchy, the GOP obsession with ... More »
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