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Reply #112: I'm suggesting we should have a tax policy that makes economic sense. [View All]

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Feanorcurufinwe Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-25-03 11:29 AM
Response to Reply #104
112. I'm suggesting we should have a tax policy that makes economic sense.
And raising taxes on the middle class right now doesn't make economic sense.

No matter how many times you repeat your premises, that we need to cut the child tax credit, that we need to cut the child care credit, that we need to roll back the 10% bracket, that we need to reinstitute the marraige penalty -- all in order to balance the budget -- I'm not accepting those premises. Neither a partial nor a full repeal of the Bush tax cuts will balance the budget, and the cost of this tax hike to the middle class would be so high it would destroy any chance of economic recovery. And without an economic recovery, no matter how much you squeeze out of the middle class, it won't be enough.

You are presenting a false choice. We don't have to raise taxes on the middle class in order to balance the budget.
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