re: "the senate and the white house, have not repealed it."
Politicians know that most Americans are economic simpletons. Americans will go for the notion that the Democrats want to tax the rich... but, oddly, they never think to ask why their politicians aren't increasing the incredibly low capital gains taxes. That's where the REALLY rich (such as Warren Buffett) make their money, after all.
The fact is, raising ordinary income taxes is all about overtaxing ORDINARY chumps: You, me and most viable small businesses - *NOT* the fabulously wealthy. *NOT* the group that politicians are wangling massive funds from or planning to become part of. Or both.
But then, ordinary Americans have never been and never will be fabulously rich. You can't expect them to understand or even TRY to understand why someone like Warren Buffett - who is notorious for getting the better end of virtually EVERY financial deal - would be totally fine with Obummer's tax increase.
Ordinary Americans are sheep. Sheep get slaughtered.
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
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