President Obama’s American Jobs Act seems to contain one component which has riled Republicans in Congress and that’s increasing taxes on families that make $250,000 or more per year. They have commonly referred to this component as “class warfare,” to which I have to chuckle. As it states at FactCheck.org, approximately 1 in 50 families bring home at least a quarter million per year, so that constitutes just 2% of the population. With the jobs bill, Obama would be raising taxes on the top 2%, while 98% of the population wouldn’t see their taxes increased. I’ve heard many members of the GOP state that the top 2% are the job creators and it would harm the economy if we were to raise their taxes. With the Bush tax cuts on the wealthy in tact, the unemployment rate is around 9.0% currently. When Bill Clinton took office in 1992, the unemployment rate was 7.5%. Clinton increased taxes to 39.6% and left office with unemployment being around 4.2%, the lowest since 1969. Under Clinton, 22.7...
Randomness. Politics. Songs. Poetry. Short Stories. Essays. Satire. Research. Sarcasm. A mix of Jon Stewart, George Carlin, Weird Al Yankovic, The Onion, FactCheck.org, and Gandhi. former co-host of "The Tracy & Craig Show" (which had previously been called "The Tracy Fort Show") and current host of "I Feel Snitty," author of the "LOL at the GOP" series, and Donald Trump's worst nightmare (besides facts).