Reply to "President Obama's tax cuts/increases"

My name is Mark.

If you were in my shoes, I truly believe you would more than likely have a different viewpoint than what you guys are saying. I guess all I can say is look at where we are right now with what the President has or has not been doing. Dow is taking a dive, 401k's have lost a lot of value that are in the stock market, and his appointments have been extremely disappointing to say the least. We have a tax cheat in charge of the IRS, I have lost count of the others who have bowed out, I am assuming for the same tax cheating -- and the rest of us are supposed to be worse than these guys? I was not raised that way, and I certainly do not run my business that way.

The money has to come from somewhere, and like I have said before, with Obama's war on business, it will be very difficult for him politically moving forward if there is no or small improvements. How many trillions have we spent on the war on poverty, and that has been a complete failure. Obama can raise taxes on business as much as he wants, watch them leave this country for somewhere else to operate. This is what has been going on for years. Jeff and Larry can quote the government charts all they want, but it comes down to the basics. Raise taxes on corporations, and they will go somewhere else. Look at GM, Ford, and Chrysler. Yes, they are in trouble now for a multitude of reasons, but there are other car manufacturers in America that are making it without government bailouts (yes, I know Ford has not taken any money yet). Honda, Toyota, and BMW all manufacture vehicles in the USA, and they are not asking for bailout money. Why is that? They have structured their companies in such a way that they are more competitive than GM and Chrysler, and having manufacturing all over the globe is one reason for that.

As far as getting back to basics, again, I will say that, in my opinion, that we are going backwards with redistribution of income, socialist medicine (rather rationing of medicine), increasing of the size of government like we have never seen, bailouts in the billions of dollars to private companies that do not deserve it, and increasing of taxes on a minority that is already paying. The top 25% pay 86% of federal income taxes, and this is up from 84% in 2000. So to say that the "rich" do not pay their fair share is not true. The other statistic that is glaring is the top 50% of taxpayers pay 97% of all income taxes. Another way to look at it is in 1980, when the top income tax rate was 70%, the richest 1% paid only 19% of all income taxes; now, with a top rate of 35%, they pay more than double that share. This is from the Wall Street Journal.