Tag Archives: EGTRRA

​Is the Ultimate goal of the Republican Party to Bankrupt the United States?

Opinion:  Patricia Johnson President Donald J. Trump increased the National Debt of the United States by $7.8 trillion dollars during his four years in office or a total of $1.95 trillion dollars per year. Donald J. Trump was our 45th … Continue reading

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Estate Tax and Its Impact on You

By Patricia L Johnson How would you feel about not having to pay taxes on the first $5 million in income you receive in any given calendar year? Each year the majority of us file an income tax return with … Continue reading

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How Much Do You Know About the Bush Tax Cuts andTheir Impact on our Deficit and National Debt?

By Patricia L Johnson Each year the bipartisan Congressional Budget Office (CBO) completes a projected budget for the next decade. The CBO projection in 2001 for the 10-year period of 2002 through 2011 indicated budget surpluses totaling $5.6 trillion dollars1  … Continue reading

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The Effects of Tax-Financed Spending v. Debt-Financed Spending

By Patricia L Johnson and Richard E Walrath President Clinton was voted into office in 1992 and served for eight years. When he took over the office of President we had three tax rates, 15%, 28% and 31% and the … Continue reading

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Are Tax Cuts the Driving Force Behind Job Creation and Economic Growth?

Republican Presidential candidates would have us believe increasing taxes stifles job creation and economic growth in this country, but what does an analysis of economic indicators before and after tax cuts indicate? Proponents of supply-side economics believe economic growth is … Continue reading

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