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Re: New President Won't Have an Easy Time Paying for New Initiatives, Fiscal Experts Say
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Originally Posted by firstdown
Well to be fair Obama did say he wants to cut taxes so people making $50,000 or less a year would pay no federal income tax. He plans on doing this by increasing taxes on people making $250,000 or more and doing away the Bush tax cut for the rich.
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Now that I think about it he plans to pay for everything by taxing the rich. I'm sure they don't mind paying for everything and sending Uncle Sam 50% of their pay check.
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