When John Boehner says that raising tax rates would be unacceptable, it shows he has little understanding of Republican history.
President Dwight Eisenhower had to pay for two wars, and when he left office the tax rate on the very wealthy was 90 percent. Nixon had to pay for Vietnam, and when he left office, taxes on the rich were 70 percent. Junior Bush got us into the two longest wars we have ever had and borrowed money to pay for them, as well as cut taxes, which is why we are heading for that fiscal cliff.
To balance our budget and reduce the national debt, we need higher taxes on those who make more than $250,000 a year, and to shut off corporate welfare, like the tax breaks for the oil companies.
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