About the Sunday letter, “Everyone will pay more, is the point”:
Yes, if you make more than $250,000, according to the Democratic proposal, your taxes will go back to where they were before the Bush tax cut. If not, they will not change.
The writer said, “We all know what happened when Clinton won the election.” Yes, he restored the tax rates close to what they were before Reagan lowered them, and the Republicans screamed that it would cause a recession. What we got was seven years of the best economy, and lowest unemployment, in my 60 years.
We then got Republican control of everything, a huge tax cut for the wealthy, and a war in Iraq, all of which added $3.3 trillion to the deficit. Did anyone complain about the deficit? Put a Democrat in the White House, and it’s a problem. Now that these cuts will expire, which could help the deficit problem, no you can’t do that, it might cause recession. Same thing they said in 1993. Did it happen? No. Check the history.
All of this doesn’t really surprise me. The wealthy and powerful control the Republican Party. The same party that gave us deregulation of the banks. Isn’t that what got us in this mess? They did it once before with the Savings &Loans — remember that mess? Now these same people want back in charge. They say it’s all Obama’s fault, but the economy going into the ditch is why they are out of power. Why would someone be so gullible to believe the same lies over and over? Let’s roll back the tax cut for the wealthiest 2 percent and see what happens.
Fred Higgins
Stanwood
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