When income taxes were raised during the Obama Administration on those earning over $250K, the annual budget deficits were cut in half. The last time that income taxes were raised on everyone, in the 1990s, the result was budget surpluses. However, people aren’t willing to pay for the government services that they want. Either people must pay more taxes, or services must be reduced.

When income taxes were raised during the Obama Administration on those earning over $250K, the annual budget deficits were cut in half. The last time that income taxes were raised on everyone, in the 1990s, the result was budget surpluses. However, people aren’t willing to pay for the government services that they want. Either people must pay more taxes, or services must be reduced.

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