Taxes under Clinton and under Bush—can you handle this?
Friday, February 15th, 2008By Ric Joyner
Clinton inherited a great economy from Reagan. Notice when the economy started its slide was when the Clinton taxes engaged in 1999. This caused a sharp drop in the stocks, and put us in a mini recession, which the Bush tax cuts got us moving again. Now democrats want to raise taxes versus cut spending! Raising taxes will slow the economy…just exactly the strategy you don’t want! Give tax cuts to business, and individuals AND cut spending. That will keep the economy moving, and force the government to be fiscally responsible. Just like we all do with our own personal finances. McCain was against the Bush tax cuts which irked the Republicans. That was a super strategy because McCain knew the republicans would go on a spending spree just like the democrats.
As I have repeated prior I see no reason to have taxes except those that are necessary services for the government to protect us.
Here are the taxes comparatively under Bush and Clinton.
http://www.taxfoundation.org/publications/show/151.html
Taxes under
Single making 30K – tax $8,400 Single making 30K – tax $4,500
Single making 50K – tax $14,000 Single making 50K – tax $12,500
Single making 75K – tax $23,250 Single making 75K – tax $18,750
Married making 60K – tax $16,800 Married making 60K – tax $9,000
Married making 75K – tax $21,000 Married making 75K – tax $18,750
Married making 125K – tax $38,750 Married making 125K – tax $31,250
A good friend said “democrats are TAX and SPEND”. “Republicans are NO TAX and SPEND”
So are you prepared to pay double taxes with either Clinton or Obama? 