Does America really want Clinton style Socialism?
Unfortunately it’s essential to preempt any Clinton speech with a hefty dose of truth serum. In the latest debate, Hillary regurgitated her familiar mantra that she would veto the falsely maligned Bush taxcuts which resuscitated the U.S. economy from the inherited Clinton recession; but, which Hillary says favor only the rich. That tired old populist ploy of “soak the rich”. However , a brief review of IRS statistics related to post-Bush tax cut revenues reveals exactly the opposite. Specifically, the share of individual income taxes paid by the bottom 40% of American taxpayers, as a result of expanded child tax credits and earner income tax credits, was reduced from 0% to a -4%; and, took another ten million low income Americans completely off of the tax roles. That is, a very significant four(4) % decrease. On the other end of the scale, the tax burden on the top 20% of income earners, the so-called rich, increased to a full 85% of the total tax burden. For example a Single Individua
