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Monday, August 15, 2011

And this is a serious politician?

"I'd cut corporate taxes and every tax that Congress would allow...." Sarah Palin

http://www.youtube.com/watch?v=1rjoeWMu6kY&feature=player_embedded

And this statement was made after Standard & Poors confirmed that their downgrade of US debt was not due to the deficit but was due to the fact that republicans in Congress would have allowed the US to default rather than close tax loopholes (raise revenue through taxes) that currently benefit only the super wealthy.

By Palin's own admission, she did receive a "D" in economics.

Multi-billionaire Warren Buffet sums up why it is ludicrous that he pays at a lower tax rate (at around 17%) than the middle class workers in his offices (who pay at rates between 30% and 40%). He points out that his taxes by dollar may appear high but they do not affect his lifestyle in the least while those in the middle class, who do not quality for the amazing tax breaks afforded the super rich, are paying at a significantly higher rate and struggling to make ends meet. You can read his op-ed here:

http://www.nytimes.com/2011/08/15/opinion/stop-coddling-the-super-rich.html?hp

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