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Thread: Key republican bolts from debt ceiling talks

  1. #101
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    Re: Key republican bolts from debt ceiling talks

    it's not just "loopholes"

    last wednesday: Geithner: Taxes on Small Biz must rise so Govt doesn't shrink

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    Re: Key republican bolts from debt ceiling talks

    Quote Originally Posted by donsutherland1 View Post
    Americans for Tax Reform (the organization for which many Republicans signed onto a pledge not to raise taxes) isn't concerned strictly with tax rate increases. By that definition, the closure of loopholes or elimination of deductions/preferences/credits that would have a net impact of increased revenue, even as tax rates would not be changed, would constitute a "tax hike" that is opposed by those who signed the pledge.

    ATR's Pledge States (the underlining is mine in order to better illustrate the issue in contention):

    I, _____, pledge to the taxpayers of the (____district of the) state of ______ and to the American people that I will: ONE, oppose any and all efforts to increase the marginal income tax rate for individuals and business; and TWO, oppose any net reduction or elimination of deductions and credits, unless matched dollar for dollar by further reducing tax rates.
    Yup... I heard about this on TV this morning. sad really. No deal is going to be brokered here if the GOP doesn't even take one hit here. For those of you in the GOP here, we democrats have already done enough We have agreed to cut beyond what we want to and you know democrats do not like cutting. So what does the GOP do? Where is what they agree to in this?

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    Re: Key republican bolts from debt ceiling talks

    Quote Originally Posted by Gargantuan View Post
    Because Biden has been involved in every single deficit reduction bill for the past 35 years he's been a senator.

    And again, this isn't about raising taxes. It's about closing loopholes. Stop being stupid & read the topic.
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  4. #104
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    Re: Key republican bolts from debt ceiling talks

    Quote Originally Posted by Gargantuan View Post
    It's not taxing industry. It's getting rid of subsidies and loopholes, which are something that a real fiscal conservative would be opposed to - because in reality that's picking winners and losers. Subsidize one corporation but let the other out in the dust - leave them all to do what they need to do without government aid, and without getting gigantic tax receipts from Uncle Sam and not paying anything.
    Liberals are ALL about picking winners and losers....as long as they get to pick. Again, will this reduce unemployment, stop avoiding the NO answer that you are forced to give me. Grow a pair.
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    Re: Key republican bolts from debt ceiling talks

    Quote Originally Posted by American View Post
    Liberals are ALL about picking winners and losers....as long as they get to pick. Again, will this reduce unemployment, stop avoiding the NO answer that you are forced to give me. Grow a pair.
    I'm working on a posting showing subsidies and the makeup of the Congresses and the Executive to show our friend here that it is the liberals who are the pickers of winners and losers.

    Example: 1933 Agricultural Adjustment Act of 1933 - House: Dems - 311 Reps - 117 Farm-Labor - 5. Senate: Dems - 60 GOP - 35 Farm-Labor - 1 Executive - FDR.

    Agricultural policy of the United States - Wikipedia, the free encyclopedia
    73rd United States Congress - Wikipedia, the free encyclopedia

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    Re: Key republican bolts from debt ceiling talks

    Don't see how that's relevant. You are simply dodging the issue of this discussion. I wasn't around in 1933 unfortunately.

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    Re: Key republican bolts from debt ceiling talks

    Quote Originally Posted by ecofarm View Post
    He also ignored his attorneys about Libya. He is full-on Rogue. I bet he nukes the crap outa Iran next.
    Hmmm, I might be "for" him on that one...

  8. #108
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    Re: Key republican bolts from debt ceiling talks

    Quote Originally Posted by Gargantuan View Post
    Don't see how that's relevant. You are simply dodging the issue of this discussion. I wasn't around in 1933 unfortunately.
    Not sure why you don't see the relevance. You made a brash, incorrect statement about Republicans picking winners and losers and I am just showing the incorrectness of your position. Previously, I made a comment about the incorrectness of your position, but I must have been too calm in my response as you did not reply. So, I thought I would try to be a tad more confrontational in my approach.

    I just gave an example, even if it was an early example. There are many more examples and many of them are far more current. Just because an event was before your time, does that mean it is not representative of a truth? After all, for a person born yesterday, wouldn't events of even five years ago be too old? I thought I would go back to the beginning of the subsidy era. Isn't it best to go back to the beginning in order to better understand today?

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    Re: Key republican bolts from debt ceiling talks

    Could somebody send me a crow to eat? I have misread a posting by Gargantuan and have posted material refuting what I thought he had said. When I reread the posting a minute ago, I found that I was in error.

    Gargantuan, I apologize. I now see why you did not find my comments relevant. My mistake. I should have read more carefully.

    Just to be sure on what you were saying, are you in favor of getting rid of all subsidies and tax loopholes for all companies? Do you consider deductions as subsidies?

    Incidentally, I agree with you on doing away with tax loopholes and subsidies; however, I bet we disagree when I tell you I would end all taxation on companies.

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    Re: Key republican bolts from debt ceiling talks

    Last edited by The Prof; 06-29-11 at 12:57 PM.

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