State of the UnionFollow

And here I thought we were talking about reaganomics and the 80's.

Oh and as for the recession of the early 1990's remind me again who controlled congress?

[quote]Millions of middle-class households already may be facing higher taxes in 2010 because Congress has failed to extend tax breaks that expired on January 1, most notably a "patch" that limited the impact of the alternative minimum tax. The AMT, initially designed to prevent the very rich from avoiding income taxes, was never indexed for inflation. Now the tax is affecting millions of middle-income households, but lawmakers have been reluctant to repeal it because it has become a key source of revenue.

Bard,

It's real simple just google "US economic growth 80's". I'm sure even someone as limited as yourself can take it from there.

A February 1 Reuters article - subsequently withdrawn by the wire service -- claimed that the Obama administration's budget plan includes "backdoor tax increases that will result in a bigger tax bill for middle-class families," citing increases to marginal federal income tax rates that would go into effect if the Bush tax cuts were allowed to expire, and an increase in middle class families that would be subject to the Alternative Minimum Tax (AMT) without the renewal of a patch to limit its impact. In fact, Obama's 2011 budget calls for the Bush tax cuts to be extended for individuals making $200,000 or less and couples making $250,000 and for the AMT patch to be extended at its 2009 parameters through 2020.

Did you ask him what the presidents role is in increasing or reducing taxes?

Did you ask him how much a person should be forced to work, annually, so the govn can afford to pay for all it's social programs?

Does he know which party controls congress?

Challenge him to a game of b-ball.