Obama's Budget: Almost $1 Trillion in New Taxes Over Next 10 yrs, Starting 2011

Schneed10 · 02-26-2009, 04:01 PM

I'm not a fan of tax hikes in any form because of the economic toll it can take. But I have to credit him for at least waiting to initiate the hikes until 2011.

By then most economists forecast the recession will be over and we'll be on the rebound. If he put the tax increases in place immediately it would thrust us into a horrendous depression. He's willing to acknowledge the consequences of tax hikes and he's clearly taking it into consideration. Kudos for that.

02-26-2009, 04:01 PM	#12
Schneed10 A Dude Join Date: Feb 2005 Location: Newtown Square, PA Age: 46 Posts: 12,458	Re: Obama's Budget: Almost $1 Trillion in New Taxes Over Next 10 yrs, Starting 2011 I'm not a fan of tax hikes in any form because of the economic toll it can take. But I have to credit him for at least waiting to initiate the hikes until 2011. By then most economists forecast the recession will be over and we'll be on the rebound. If he put the tax increases in place immediately it would thrust us into a horrendous depression. He's willing to acknowledge the consequences of tax hikes and he's clearly taking it into consideration. Kudos for that. __________________ God made certain people to play football. He was one of them.

Obama's Budget: Almost $1 Trillion in New Taxes Over Next 10 yrs, Starting 2011

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