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Thread: Republicans Say They’re Open to ‘Revenue Raisers’

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    Re: Republicans Say They’re Open to ‘Revenue Raisers’

    Quote Originally Posted by ptif219 View Post
    So then explain the democrats and Obama extending the tax cuts.
    It was a compromise...

    Extend the Bush tax cuts for a short duration - 2 yrs - because the economy still wasn't clicking along well enough for the private sector to start hiring folks AND the tax cuts would allow people to "keep more of what they earned" OR provide tax credits to those who qualified. At the same time, the President got unemployment benefits extended to those people who are still looking for work.

    It was a good compromise. For as the GOP leadership has continued to argue, "You don't want to raise taxes on people who are still struggling financiallly in the midst of a recession." That mentality is equally shared by members from both parties.

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    Re: Republicans Say They’re Open to ‘Revenue Raisers’

    Quote Originally Posted by Objective Voice View Post
    It was a compromise...

    Extend the Bush tax cuts for a short duration - 2 yrs - because the economy still wasn't clicking along well enough for the private sector to start hiring folks AND the tax cuts would allow people to "keep more of what they earned" OR provide tax credits to those who qualified. At the same time, the President got unemployment benefits extended to those people who are still looking for work.

    It was a good compromise. For as the GOP leadership has continued to argue, "You don't want to raise taxes on people who are still struggling financiallly in the midst of a recession." That mentality is equally shared by members from both parties.
    That means the liberals are hypocrites when they complain about the Bush tax cuts

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    Re: Republicans Say They’re Open to ‘Revenue Raisers’

    Quote Originally Posted by Objective Voice View Post
    It was a compromise...

    Extend the Bush tax cuts for a short duration - 2 yrs - because the economy still wasn't clicking along well enough for the private sector to start hiring folks AND the tax cuts would allow people to "keep more of what they earned" OR provide tax credits to those who qualified. At the same time, the President got unemployment benefits extended to those people who are still looking for work.

    It was a good compromise. For as the GOP leadership has continued to argue, "You don't want to raise taxes on people who are still struggling financiallly in the midst of a recession." That mentality is equally shared by members from both parties.
    It's still the case. Unemployment is up, so they ought to maintain them.
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    Re: Republicans Say They’re Open to ‘Revenue Raisers’

    Quote Originally Posted by ptif219 View Post
    That means the liberals are hypocrites when they complain about the Bush tax cuts
    No. It means they did what was necessary to help stabalize the economy and keep it from getting worse.

    It means they took all sides of the economic divide into account - rich people, poor people, working-class people, large corporations and small businesses alike - and increased NOBODY'S TAXES in order for EVERYONE to have the potential to retain more of their earned income in the hopes that they would have more "disposable income" to go out and do what consumers do - SHOP! And for investors to do what they do - INVEST! And that businesses large and small would have more operating funds to buy needed equipment or apply towards salaries.

    The President saw the bigger picture for the short-term, but he recognizes that the measures taken in the midterms were just that - short-term fixes to the larger long-term problem. That's what the proposals he outlined in today's press conference on debt ceiling negotiations were all about - "doing big things to fix the long-term problems" to set our national economy on more solid footing so that we can start to truly turn our economy around. It WILL require sacrafices by both parties to get things done, but as long as one side is insistent on digging in their heels and not making any compromises whatsoever, our nation's economic problems just won't be short-term issues. We'll be in for some very painful long-term economic stiff if your side is unwilling to give alittle.

    $4 TRILLION in spending cuts which include "adjustments" to Medicare and Medicaid.

    - VERSUS -

    A few BILLION in revenue generators (not exactly sure what those are but I'm willing to guess they include eliminating tax subsidies now and ending the Bush tax cuts on the wealthy beginning at a certain income level later).

    It's the best deal the GOP is going to get! And let's not forget - THEY STARTED OUT ASKING FOR $1 TRILLION IN CUTS! The current offer is $4 TRILLION -- 4Xs THEIR ORIGINAL STARTING POINT!!!!

    The GOP would be foolish not to accept this deal!!!
    Last edited by Objective Voice; 07-11-11 at 01:35 PM.

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    Re: Republicans Say They’re Open to ‘Revenue Raisers’

    Quote Originally Posted by Objective Voice View Post
    No. It means they did what was necessary to help stabalize the economy and keep it from getting worse.

    It means they took all sides of the economic divide into account - rich people, poor people, working-class people, large corporations and small businesses alike - and increased NOBODY'S TAXES in order for EVERYONE to have the potential to retain more of their earned income in the hopes that they would have more "disposable income" to go out and do what consumers do - SHOP! And for investors to do what they do - INVEST! And that businesses large and small would have more operating funds to buy needed equipment or apply towards salaries.

    The President saw the bigger picture for the short-term, but he recognizes that the measures taken in the midterms were just that - short-term fixes to the larger long-term problem. That's what the proposals he outlined in today's press conference on debt ceiling negotiations were all about - "doing big things to fix the long-term problems" to set our national economy on more solid footing so that we can start to truly turn our economy around. It WILL require sacrafices by both parties to get things done, but as long as one side is insistent on digging in their heels and not making any compromises whatsoever, our nation's economic problems just won't be short-term issues. We'll be in for some very painful long-term economic stiff if your side is unwilling to give alittle.

    $4 TRILLION in spending cuts which include "adjustments" to Medicare and Medicaid.

    - VERSUS -

    A few BILLION in revenue generators (not exactly sure what those are but I'm willing to guess they include eliminating tax subsidies now and ending the Bush tax cuts on the wealthy beginning at a certain income level later).

    It's the best deal the GOP is going to get! And let's not forget - THEY STARTED OUT ASKING FOR $1 TRILLION IN CUTS! The current offer is $4 TRILLION -- 4Xs THEIR ORIGINAL STARTING POINT!!!!

    The GOP would be foolish not to accept this deal!!!
    It means if you complain against the Bush tax cuts you are a hypocrite. You can't have it both ways. They are either needed or bad.

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    Re: Republicans Say They’re Open to ‘Revenue Raisers’

    Quote Originally Posted by ptif219 View Post
    It means if you complain against the Bush tax cuts you are a hypocrite. You can't have it both ways. They are either needed or bad.
    It will not happen. Obama is wanting ti be a dictatoer and and issue so he can campaign and say he fixed it. Obama will fail and he will not get the GOP to compromise unless he does.

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    Re: Republicans Say They’re Open to ‘Revenue Raisers’

    Quote Originally Posted by ptif219 View Post
    It means if you complain against the Bush tax cuts you are a hypocrite. You can't have it both ways. They are either needed or bad.
    I wanted them to expire! But...

    I can understand how in today's economic climate it doesn't make sense to take money out of the pockets of hard working Americans or hamper investor's ability to invest. However, since it is very evident that the rich are getting richer and aren't feeling the burden of the economic downturn, it makes sense to tax them to generate revenue since it was Wall Street who is partly to blame for brining this mess upon the country. Congress (particularly under Pres. Clinton's deregulation tactic and GWB for not providing the needed oversight) was the other side to blame, but that mishap has been covered by bank finance reform measures.

    Quote Originally Posted by ptif219 View Post
    It will not happen. Obama is wanting ti be a dictatoer and and issue so he can campaign and say he fixed it. Obama will fail and he will not get the GOP to compromise unless he does.
    You're so full of it, man!

    Your side has been the one calling for the President to get involved in the debt ceiling negotiations! Now that Boehner is having problems getting his (Tea) party to jump on this massive $4 TRILLION spending cut proposal, you're going to decree "Obama trying to come in at the 11th hour to rescue negotiations!"

    Please!!! Save that crap for somebody who can't see through the GOPs political smoke screen. They're bolstering is liable to backfire on them.
    Last edited by Objective Voice; 07-11-11 at 02:26 PM.

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    Re: Republicans Say They’re Open to ‘Revenue Raisers’

    Quote Originally Posted by Objective Voice View Post
    No. It means they did what was necessary to help stabalize the economy and keep it from getting worse.

    It means they took all sides of the economic divide into account - rich people, poor people, working-class people, large corporations and small businesses alike - and increased NOBODY'S TAXES in order for EVERYONE to have the potential to retain more of their earned income in the hopes that they would have more "disposable income" to go out and do what consumers do - SHOP! And for investors to do what they do - INVEST! And that businesses large and small would have more operating funds to buy needed equipment or apply towards salaries.

    The President saw the bigger picture for the short-term, but he recognizes that the measures taken in the midterms were just that - short-term fixes to the larger long-term problem. That's what the proposals he outlined in today's press conference on debt ceiling negotiations were all about - "doing big things to fix the long-term problems" to set our national economy on more solid footing so that we can start to truly turn our economy around. It WILL require sacrafices by both parties to get things done, but as long as one side is insistent on digging in their heels and not making any compromises whatsoever, our nation's economic problems just won't be short-term issues. We'll be in for some very painful long-term economic stiff if your side is unwilling to give alittle.

    $4 TRILLION in spending cuts which include "adjustments" to Medicare and Medicaid.

    - VERSUS -

    A few BILLION in revenue generators (not exactly sure what those are but I'm willing to guess they include eliminating tax subsidies now and ending the Bush tax cuts on the wealthy beginning at a certain income level later).

    It's the best deal the GOP is going to get! And let's not forget - THEY STARTED OUT ASKING FOR $1 TRILLION IN CUTS! The current offer is $4 TRILLION -- 4Xs THEIR ORIGINAL STARTING POINT!!!!

    The GOP would be foolish not to accept this deal!!!

    I just want to say that I don't trust anything that boasts a number that extends 10 years, or more into the future. In that time span there can be up to 5 changes in congressional make up that can change anything agreed to today.

    I think Republicans should hold Obama's feet to the fire with smaller deals that give proven cuts that take place before any talk of tax changes can occur. Because we all know how demo's lie when it comes to spending cuts.

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    Re: Republicans Say They’re Open to ‘Revenue Raisers’

    Quote Originally Posted by American View Post
    Unemployment in the U.S. - Google Public Data Explorer

    http://www.bls.gov/opub/ils/pdf/opbils89.pdf

    Chart 1 appears to indicate that people are staying unemployed twice as long now than in the previous 15 years.
    That's not surprising considering that this recession, unlike previous recessions accelerated the decline on major industries already circling the toliet. With skill sets meant for jobs that simply do not exist in America anymore, it makes sense that unemployed stay that way much longer then previous recessions.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Republicans Say They’re Open to ‘Revenue Raisers’

    Quote Originally Posted by j-mac View Post
    I just want to say that I don't trust anything that boasts a number that extends 10 years, or more into the future. In that time span there can be up to 5 changes in congressional make up that can change anything agreed to today.

    I think Republicans should hold Obama's feet to the fire with smaller deals that give proven cuts that take place before any talk of tax changes can occur. Because we all know how demo's lie when it comes to spending cuts.

    j-mac
    Thats true. But I do think we need short term plans and long term plans. Very little really gets fixed in a flash.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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