Please Raise My Taxes
Apr 26th, 2007 by jimbyrd
How do you reconcile the moronic ideology of the democratic party about raising taxes with fiscal reality and history. With record tax receipts pouring in due to tax cuts, every single Democratic presidential front runner is bemoaning the need for needed tax increases.
When you rob Peter to pay Paul you can always count on Paul’s vote.
Not to let Bush or the Republicans off the hook, they have done nothing but squander the record revenues the tax cuts have brought in. Rather than the democratic motto of tax and spend, the Bush administration, by not vetoing pork spending, have created a cut taxes and spend ideology.
WASHINGTON-(Dow Jones)- The U.S. government recorded record-high overall and corporate tax receipts on Sept. 15, which was a quarterly deadline for tax payments, the Treasury said Monday.
Total tax receipts were $85.8 billion on Friday, compared with the previous one-day record of $71 billion on Sept. 15 of last year, the Treasury said.
Within the overall figure, corporate tax receipts Friday were $71.8 billion, up from $63 billion in September of last year.
Treasury Undersecretary for Domestic Finance Randal Quarles said Friday’s numbers provided a “continuing demonstration of the strength of the U.S. economy.”