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Reply to "Who should this person vote for in the presidential election?"
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[quote=jsteele][quote=Anonymous] But the larger point is that it is hard to vote for higher taxes, despite the possible social implications of voting for Romney. We will pay almost 200k in taxes this year. We feel that at some point, and it is hard to say exactly where that point is, it is more than our fair share. [/quote] I'm a proud "tax and spender" but I'm willing to say that I have some sympathy for your situation. A 40% tax burden would be pretty close to most people's breaking point. Obama's proposal is a 3.8% increase on income above $250,000. I can easily understand your frustration with that, but hopefully you can see the bigger picture. That money will not be going for Escalades for poor people. I would also caution you that Romney has been very scarce with details of his own tax plan. While he has claimed that he will lower taxes on all income levels, he has also said he will close loopholes (without specifying which ones). I'm reminded of Walter Mondale saying that either he or Reagan would raise taxes, Reagan wouldn't tell you, but he (Mondale) just did. Of course Reagan did raise taxes. Given that the Simpson Bowles proposal included tax increases and the establishment seems to be very much in love with that plan, I would not be surprised at all to see Romney embrace tax increases were he to be elected. [/quote]
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