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Thread: Obama: No Deal Without Tax Hikes

  1. #1331
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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by sangha View Post
    No, the RNC and the teabaggers are the party of No. The rest of us understood that without explanation.


    I've outlined three instances where the teabagged hasn't acknowledged three positions where Obama is not compromising. Why do you hide from this fact?
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  2. #1332
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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by UtahBill View Post
    yes, raise taxes on the rich, at the least we should go back to the pre-Bush TEMPORARY TAX CUTS era....
    Why should anyone pay higher taxes because the Federal Government has been irresponsible? That's like saying that we should take money away from parents if their teenagers spend too much. Is this how you raised or plan to raise your teenagers?

    Maybe we would be better off passing a constiutional amendment that says if the budget is not balanced in a given year, the President, Vice President, and members of Congress can take no pay or benefits, or campaign contriubtions for the next year and expenditure must be cut by the amount of the deficit from the previous year. We need to discipline the right party.

  3. #1333
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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by LesGovt View Post
    Could you please provide a breakdown with regards to the Bush tax cuts as far as how much went to the "wealthy" and how much went to everyone else?
    "WASHINGTON, Jan. 7 — Families earning more than $1 million a year saw their federal tax rates drop more sharply than any group in the country as a result of President Bush’s tax cuts, according to a new Congressional study.

    The study, by the nonpartisan Congressional Budget Office, also shows that tax rates for middle-income earners edged up in 2004, the most recent year for which data was available, while rates for people at the very top continued to decline."

    Economists and tax analysts have long known that the biggest dollar value of Mr. Bush’s tax cuts goes to people at the very top income levels. One reason is that two of his signature measures, tax cuts on investment income and a steady reduction of estate taxes, overwhelmingly benefit the wealthiest households.

    But the Congressional study offers additional insight because it incorporates information about what people paid in 2004, the first year in which taxpayers could take full advantage of the cuts on stock dividends and capital gains.

    The study estimates that the effective federal income tax rate, which excludes payroll taxes for Social Security and Medicare, declined modestly for people in the middle- and lower-income categories.

    Families in the middle fifth of annual earnings, who had average incomes of $56,200 in 2004, saw their average effective tax rate edge down to 2.9 percent in 2004 from 5 percent in 2000. That translated to an average tax cut of $1,180 per household, but the tax rate actually increased slightly from 2003.

    Tax cuts were much deeper, and affected far more money, for families in the highest income categories. Households in the top 1 percent of earnings, which had an average income of $1.25 million, saw their effective individual tax rates drop to 19.6 percent in 2004 from 24.2 percent in 2000. The rate cut was twice as deep as for middle-income families, and it translated to an average tax cut of almost $58,000."

    Tax Cuts Offer Most for Very Rich, Study Says - New York Times
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  4. #1334
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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by Catawba View Post
    Go back and read what I actually said. I said it will take 30 years of spending cuts and eliminating the tax cuts for the wealthy to reverse our debt problem created by 30 years of spending too much and our tax cuts for the wealthy.
    Maybe you should draw picture.

    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

  5. #1335
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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by Grant View Post
    It's those with less money who are being greedy and wanting more, not the rich.
    I disagree. From an economic perspective, everybody is equally greedy. It really doesn't matter the position, everybody wants more. This is the principle that the libertarian conception of the free market rests on, that everybody acts in their own economic self interest. This is also the principle by which communism fails; people will always exploit an incentive system to gain as much as they can rather than simply "giving according to their ability and taking according to their needs." The equal distribution of greed is the reason the free market works.

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by LesGovt View Post
    And, don't forget what they did to President George H.W. Bush. They said $3 cuts per each $1 tax. Taxes were raised and the lying Dems cut 27 cents.

    You know that you can trust a Democrat to be a Democrat.
    And the republican boobs keep falling for it

    No wonder they can't run an economy; they can only ruin it
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

  7. #1337
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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by disneydude View Post
    Good....I hope that you are right. And the Party of NO will pay dearly for their incompetence and childishness. The American people expect Congress to work to find solutions....all that the GOP is offering is continuning to be the party of No ideas.
    The GOP seems to be the only one offering solutions.

    From the Democrat side, we have sweeping generalizations, and we have...

    NObama:
    NO deal that doesn't raise taxes
    NO short term deal to keep the country running
    NO deal that cuts in any way his massive new entitlement
    NO deal that touches rail initiatives... (and on and on)

  8. #1338
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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by sangha View Post
    No, it was the rightwing extremists who demand spending cuts or they will take down the economy

    But I'm not worried. Not raising the debt ceiling would hurt Big Business, which owns the RNC. The repubs will do what their corporate masters tell them to do
    If Americans want to hurt Big Business then they should not complain when these businesses move. They are certainly being welcomed elsewhere, and with far less onerous corporate taxes.

    If you don't care for big business try to order your computer or a car from the little shop on the corner, but it might be wise to first ask how much it might cost you.

  9. #1339
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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by ReverendHellh0und View Post
    bro, The Good Reverend saves that for Mrs Reverend Hellh0und.....
    That isn't what I meant either.

  10. #1340
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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by sangha View Post
    Maybe you should draw picture.



    can we see the updated version of this chart showing dates to 2011? Thanks.
    Let evil swiftly befall those who have wrongly condemned us

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