Quote:
Originally posted by: Dooby
A return to earlier rates is either an increase or a decrease depending on whether the earlier rate was higher or lower than the rate is today. By that token, could Kerry raise the top rate to 70% and claim it isn't a tax increase because the top rate was 70% in 1980?
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I'd say that your key word is "raise".
As he said in the the speech, "98% of individuals - and 99% of companies and small businesses - will pay lower taxes under my plan". Sounds like that is NOT a raise to me but a decrease.