Letters to the Editor

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TAXES: Republicans for increasing U.S. debt

Letter by Charles L Allyn, Tacoma on May 29, 2012 at 2:20 pm with 5 Comments »
May 30, 2012 10:34 am

Re: “House GOP leaders plan summer tax cut vote” (TNT, 5-26).

The House Republicans plan to vote this summer on extending the Bush tax cuts, due to expire at the end of 2012. By doing so, they are for borrowing more money and increasing the national debt rather than trying to pay for some of the large debt that we have accumulated.

The Bush tax cuts reduced the income from personal income taxes about $200 billion in the first year (2002) after enactment and increased the national debt by this amount each year thereafter.

Leave a comment Comments → 5
  1. aislander says:

    Please show where there was a sustained reduction in actual, (not projected) revenues, and perhaps we can have a discussion based on reality…

    Real drops in revenue did not occur until the onset of the CURRENT recession…

    By the way, if those making over $250K per year had paid the Clinton-era rates over the last decade, projected increases in revenue were only $70 billion each year, a pittance compared to our Obama-era deficits…

  2. aislander – go look at the debt Bush inherited from Clinton, and compare it with what was passed on to Obama.

  3. aislander says:

    xring the subject was revenues

    Now, get outta here ya knucklehead! (said with all due affection)

  4. tappsman64 says:

    I assume from his letter that Mr. Allyn prefers that the Bush tax cuts expire at the end of the year raising the lowest tax rates from 10% to 15%. This is an increase in the tax rates for the lowest income americans by 50%.

    On the other hand, maybe Mr. Allyn does not know what he is talking about and is simply parroting what he has been told by the democrat party.

  5. fanciladi says:

    I tend to agree with your statement “On the other hand, maybe Mr. Allyn doesn’t know what he’s talking about & etc………”, Tappsman64!

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