War, Democrats, Taxes
Pretty much the standard spiel heard from the democrats for a generation or more.
JOHNSTON, Iowa - Democratic presidential hopefuls called for higher taxes on the highest-paid Americans and on big corporations Thursday and agreed in an unusually cordial debate that any thought of balancing the federal budget would have to wait.This is an unpopular view, but I've believed the War on Terror has never been approached right from a fiscal standpoint. Whether it is not properly funding it, causing further requests to Congress by the President, or the fact little or no sacrifice has been asked from the American public. If we're fighting a war to preserve our way of life, it should be funded adequately. Namely raising taxes in order to do it. Wasn't there a income tax imposed during the civil war? Were not taxes raised to fund World War II? I think they were, if I'm mistaken feel free to correct me.
"We're not going to be able to dig ourselves out" of Bush-era deficits in the next year or two, said Illinois Sen. Barack Obama, one of six Democratic rivals sharing a stage for the final time before Iowa's leadoff Jan. 3 caucuses.
Asked about the importance of eliminating deficits, Democrats responded by criticizing President Bush's economic policies, including some of his tax cuts.
"I want to keep the middle class tax cuts" that Congress passed during President Bush's tenure, said Sen. Hillary Rodham Clinton of New York. But she said she favors raising taxes for the wealthiest.
Former Sen. John Edwards of North Carolina readily agreed. "The truth of the matter is the tax policy has been established by the big corporations and the wealthiest Americans," he said. "What we ought to be doing instead is getting rid of those tax breaks."
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