NO it will not harm the rich to return to the 1990 tax rates. That would be an increase in the top rate of 4%. If a person had $250,000 in income, which is about the point the higher rates would begin, that is an added $10,000. If the person had an income like Cheney of $1.7 Million it would add $68,000. Tell me a person with an income of $250,000 would be harmed by an added $10,000 in tax or $68,000 more tax on an income of $1.7 Million! That is just BS!
It won't harm the rich one bit because the rich will simply pass down the costs down.
Like I've said before, if my taxes go up, I will find some other place to cut costs such as employees.
You seem to be arguing from the stand point that you think those who oppose tax increases on the rich do so out of a feeling of sympathy for rich people. Come on. Nobody in their right mind thinks that the rich are somehow going to go without something if their taxes are increased.
What we are TRYING to get through to you is that when you raise taxes on the rich, you end up with unintended consquences. Raising taxes on the rich WILL cost jobs (much in the same way that other increased costs can cost jobs or a recession can cost jobs).
Raising taxes won't stave off a recession, that's for sure. It will simply cost jobs and provide the government some short-term tax revenue gains which they'll use to bloat up government further and still have a big deficit.
