Why Do Republicans Feel That the 3% Tax Increase That Senator Obama Has Proposed on Income In ?

Because right now the economy is on shaky ground. In weak economies you want to increase the capital in the economy not decrease it via taxes..

First off, we feel it`s better to give someone a hand up than a hand out. Second,the richest 10% of Americans already pay more than 50% of all the taxes that are paid each year. Third, it`s un-American to punish someone for being successful and fourth, you forget about the state and local taxes that would bring their total tax bill to around 48% of their earnings which means people would lose their jobs! Have you ever been hired by a poor person? Would you like to give the government $48 out of every $100 you made. Oh yea and just so the liberals will have something to talk about or a reason to call me racist: IT`S SOCIALISM!

I't wont. A good economy is built from the bottom up. Until wages rise, the economy will remain stagnant. You need the 95% of buyers able to afford what the top 5% are selling. Even Henry Ford had that one figured out.

immediately he says in basic terms the wealthy, day after today it will be each physique. only like the earnings tax, whilst it surpassed at a million%, the Democrats reported it might in no way be extra effective than 4% and in basic terms the wealthy might ever pay. this is talked approximately as creeping taxation, it in no way is going away. this is not any longer honest that those making $250,000/year would be paying into SSI and not waiting to collect what they paid into it. Social risk-free practices will start to incur annual working “losses” in 2018, whilst its outlays first exceed its tax sales. to conceal the shortfall and to “stay open,” Social risk-free practices will expend its "have confidence Fund" from 2018 to 2042. there is not any have confidence fund in basic terms iou's, this is all spent interior the final fund. there is not any assure of reward to all people.

Because they don't have anything better to put against him. McCain is at a complete disadvantage, so he just emphasizes and stretches the "bad things" about Obama. But the Republicans are at loss: Bush is unpopular, the economy is wrecked, and Americans are ready for new policies.

Oh cause it will, it just will. Taxes are bad, democrats are all radical left wing liberal socialist Communist who hate america. Blah blah blah, I have my fingers in my ears and don't want to hear anymore of your truths! I hear on my talk radio that Obama will raise taxes and that will destroy the country, I know that Rush has no reason to lie to me so you must be wrong. Because the words of Rush are as golden as words from heaven and cannot be disputed.

Well since most people earning $300,000 have a business or work for a business that earns even more and will be taxed, they will just say I need to earn $1500 more this year to break even. I can just charge more for my product to get the money to pay taxes. Who buys their products? Middle America. So we will all be paying for that tax hike. Do we need to pay more for gas, or groceries, or school, or....during these times?

They're losing the battle in the '08 election so they're resulting, as they have been, to pointless mudslinging. It won't harm the economy. It will make it better.

It is not just a 3% tax increase! Obama will also raise the social security cap to 250K. With the cap being raised (with no increase in social security benefits) the total tax a person making 250K will go from 36% to 56%. EDIT** Then there should be no limit on how much money a person receives upon retirement. That my friend is socialism!

The commentators at Fox News' taxes will go up a bit, so they're spewing it over and over so it'll stick, and we're hearing the parroting of what rich guys like Orally and Hannity are saying. That's all. Kind of like "liberal, liberal, socialist, liberal, redistribute, wealth, socialism."