I am writing this letter in response to the Jan. 23 letter from Jean Spong about President Barack Obama. We are so blessed to live in this great land, because there are millions of people around the world who would be grateful if they had our economy. We are still the envy of the world. Spong offers no facts to support her allegations that the president has crippled this country financially, morally and ethically.
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Comments
I thought Obama said he was
I thought Obama said he was going to fix all the things wrong with this country? Isn't that we he campaigned on? Where is the change? I still got hope but the only change I got left is in my pocke from when I closed out my savings account. But I am just like Obama. I am pleading too for more time.......to pay my past due bills.
Obama's leadership
to use taxpayer money to save the Auto Industry, of course. Versus NOT doing it as the JusticeForAll would support.
The banking system needs more regulation, I agree. Are you opposed to that or do you support it?
The rich pay taxes but not enough. 15% is too low. Jack it up to 30% for the Romney's, Buffets, and John Kerry's.
Facts Must be Irrelevant
The auto industry bailout, otherwise known as the "Money for Unions" program, did in fact NOT stave off GM's Chapter 11 Bankruptcy that in the real world, happened in June 2009. Taxpayers are still on the hook for billions.
Also in the real world, the top income tax bracket is already at 35% so "jacking it up" to 30% would be a 5% decrease in taxes. Capital gains tax rates are at 15% across the board which means the capital gains tax IS a flat rate tax to all not just a select few. After all, isn't "fairness" using a flat rate for all?
Gov't Motors?
15% on capital gains, that's after 35% has been paid on the money. So that's 50% federal taxes then it's state income tax for most states ie NC.
Most people with money to invest won't take the chance when you give up 50% off the top...
Rich pay taxes but not enough
How about we do this. We change the IRS rules and raise the taxes on the rich. At the same time, we also change the IRS rules so that people can only get back what they pay in and no more. No more paying in $400 in federal taxes but get back in the thousands. How will that work for you?
obama saved nothing
the taxpayers did. And what has been created is a banking system that is destined to repeat it past mistakes.
Sir grow up and stop blaming the rich who already pay the taxes that keep this country afloat, that talking point is so phony an excuse that it is laughable.
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