Tag Archives: how to kill a faltering economy: raise taxes

How to kill a faltering economy

Barry & The Dems sure know how to do it: Their new “deal” means higher taxes on 80 percent of households making between $50,000 and $200,000 a year.

Enjoy the job hunt, all you suckers who voted for them. Or maybe you can get on welfare, if you’re not already on it. Until the rising deficit bankrupts the country. At least their pals in L.A. got a tax break. So important.

UPDATE:  There seems to be plenty of media disagreement about the effect of this deal. Bloomberg news, at the link in the first paragraph above, reports the tax hits, the daily says (implausibly) that there will be no tax hikes, and Reason Magazine says taxes will only go up for those making payroll wages over $113,000. Maybe it’s one of those Nancy Pelosi deals: We’ll just have to wait until the media actually reads it before we’ll know what’s in it.