Bone-er has embarrassed himself by succumbing to the GOP paranoia; specifically the Tea Party. We may not be able to roll back the Reagan tax cuts, which went from 70% in 1982 to 50%; and, again, he cut the marginal tax rate to 28% in 1986. In 1993 Clinton, and Congress passed, with no GOP support, an increase to 39.6%. G. W. Bush lowered the rate to 35% for years 2003-2010, with a sunset provision which increases the rate back to Clinton's 39.6%, unless Congress changes it. If this is true, and I hope someone else checks out the validity of the sunset provision, then I think we should just wait out the Bone-ers of the Republi-CONS. Then we can demand, forcefully, that Corporations rates be increased to make up for the tens of trillions of dollars they have cost the middle class and small business in jobs and housing and business meltdowns, just to name a few screwups. I forgot to mention that Republicans bear main responsibility, although there is some Democratic complicity, to the meltdown of the Western Industrialized nations, which are still poised in domino like effect to fail and may bring down the rest of us. Greece has been "fixed" countless times and how much resources does the IMF have to help other countries like Ireland, Spain, Portugal, Italy, Great Britain and maybe the U.S? Corporations overseas are holding out a carrot by saying if we lower their rates down to mid 20s we will still make $billions when they bring their $ back to the U.S. NO WAY! tHEY OWE $HUNDREDS OF BILLIONS IN TAXES!!
THE COLORADO KID