Anyway, in a Wall Street Journal article otherwise devoted to how the Democrats might use the repeal (or non-repeal) of the Bush tax cuts as an issue in the upcoming election, we find this graphic:
You might want to sit with it a moment. Picture paints a thousand words and all that. Everyone except that teeny tiny sliver of the American population making over $300,000 will see their taxes reduced by President Obama's proposed tax policies. For the very wealthy, the tax rate goes back to Clinton-era tax levels.
So therefore the GOP is against Obama's tax policies. Fighting tooth and nail to make sure their base (the "have-mores") get even more.
I realize that the Wall Street Journal is such a blatant mouthpiece for the Democrat Party that it will shamelessly and routinely lie to you about tax policy. All good competent economists know these things:
- Ronald Reagan was always right about everything
- Failing to repeal the Bush tax cuts will result in a the worst financial devastation ever.
- Taxes are always fairer under Republicans
- The economy is always worse under Democrats