Re: [taxchat] do i have this right

You quoted it more completely then I did. My point was more to the fact that what ever is said by politicians to get elected isn't their meaning for the most part after being elected.

On Thu, Oct 30, 2008 at 11:24 AM, John Stevens, Equi-Tax <equitax@unique-software.com> wrote:

Robert,

 

It was George H. W. Bush (W's father) that said "Read my lips." during the 1988 campaign, in response to a question about whether he would raise taxes.  He said he wouldn't.  The actual quote (or close to it) was: "Read my lips.  No new taxes."  After he was elected he raised taxes.  He knew what a death sentence for his campaign it would have been if he had said that he planned to raise taxes, as it was for Mondale's campaign in 1984.  Since then it's rare for a politician to say that he/she plans to raise taxes, even if they know it's likely they will have to after they're in office.

John Stevens, EA
Stevens Tax & Accounting, Inc., dba Equi-Tax
1870 - 50th St. E., Suite 8
Inver Grove Heights, MN 55077
651-773-5000
FAX 651-457-4529
equitax@unique-software.com
www.equitax.net

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From: taxchat@yahoogroups.com [mailto:taxchat@yahoogroups.com] On Behalf Of Robert Lukey
Sent: 10/30/2008 11:16 AM
To: taxchat@yahoogroups.com
Subject: Re: [taxchat] do i have this right

 

Your thoughts seem correct. However, remember the words of George H Bush - Read my lips. Those words got shoved back down his throught. Don't take anything said during the election process as gospel.

On Thu, Oct 30, 2008 at 8:06 AM, iakleincpa <iakleincpa@yahoo.com> wrote:

For Obama, proposing to restore rates that are currently 33 and 35%
for taxpayers to 36 and 39.6% ?

and

then just no working family tax cut if make under 250k. (250k agi not
taxable income)

Thanks,
Ira

 

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