- U of I expert: Rauner’s pension fix ‘unconstitutional’
- State Senate approves lesser penalties for marijuana possession
- State Roundup: Natural gas vehicle tax stalls in committee
- Raptors, Rangers FC announce June camp
- Student debt 101: dearth of data fuels common misperceptions
- ‘Millionaire tax’ clears House panel
- Memorial Day events at Midway’s LZ Peace Memorial
- Wallace calls for Rockford crime task force
- How we discovered the 3 revolutions of American pop
- Something is rotten in the state of US education
Tax cuts should be extended
Every time in our nation’s history that an across-the-board tax cut has been implemented, the economy has greatly improved with more jobs for citizens and more money for the federal government, since we now have more people working and paying taxes with less taking tax money.
Newt Gingrich should receive the credit Bill Clinton gets for a healthy economy in the ’90s. Clinton knew he would have a tough time getting re-elected if he didn’t sign Gingrich’s tax cut bill.
President Obama doesn’t seem to understand this principle, and it seems he will increase taxes on the middle class if the Bush cuts are also applied to the rich. He states he will not sign such an extension.
Tax increases on the rich is so negative and pure demagoguery. There are many more votes to increase these taxes (even if it really damages our economy) than votes to, for instance, extend the Bush tax cuts intact. So, it seems another example of Democrats playing politics for more votes.
Michael A. Smith
From the Oct. 24-30, 2012, issue