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Thread: Obama: No Deal Without Tax Hikes

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by Sgt Meowenstein View Post
    The GOP are the ones who made it into a campaign issue. During Bush's eight years, the debt ceiling was raised seven times.
    It's all a campaign issue in Washington, and if it isn't, you make it one!

    This is supposed to be a negotiation, not a hostage situation. Both sides give in negotiations. It's not all one-sided.
    This is where, in my opinion, the Ann Coulters of the world have poisoned the well. Turning "compromise" which is a good thing, into "caving." I feel for the Republicans, because to too many of their base, "compromise" is a four-letter word.


    Quote Originally Posted by Jetboogieman View Post
    This issue has been plowed more times than Paris Hilton.
    Quote Originally Posted by Oborosen View Post
    Too bad we have to observe human rights.

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by cpwill View Post
    on the upside at least, good on Republican Leadership for getting the memo:


    House Majority Leader Eric Cantor (R., Va.) today reiterated his party’s opposition to tax increases in a deal to raise the debt ceiling, arguing it would constitute a violation of the “Pledge to America” that Republicans successfully ran on to win control of the House in 2010.

    “Our members did not come here to raise taxes,” Cantor said. “We’re not asking the president to violate his pledges to the American people, and we wish he wouldn’t ask us to do so.”...


    Boehner: Tax Hikes Never on the Table

    ...Boehner reiterated his position that the debt ceiling “must be raised,” and praised President Obama for “making that case” at a press conference earlier in the day. Tax increases, however, could not realistically be part of the solution. “The American people will not accept, and the House cannot pass, a bill that raises taxes on job creators,” he said. “The House can only pass a debt limit bill that includes spending cuts larger than the hike in the debt limit, as well as real restraints on future spending.”...
    Giving you everything you want with nothing in return is not compromise. To anyone not looking through ideological colored classes, Obama is right here.

    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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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by cpwill View Post
    so are you suggesting that the President was lying when he stated that in 2010?
    When he stated what?

    Quote Originally Posted by cpwill View Post
    this is incorrect - the President wanted taxes to go up immediately
    I'm not going to read every article you throw at me. Please quote to me the part in the Wall Street Journal article that claims taxes would go up immediately.

    I have heard nothing about raising taxes on the middle class, from anyone. Obama confirmed that again today when he said his proposals include only the upper bracket ($250,000+) and the closing of loopholes. Mark my words: Obama will not propose a hike in the income tax rate for middle class families. I did not even know this was up for debate. I have not even heard Boehner or Cantor claim that he is trying to do this.

    Quote Originally Posted by cpwill View Post
    um. that is, in fact, exactly what happened. tax rates haven't changed since 2003. the trillion-dollar-plus deficits started in 2009.
    You are bending over backwards to spin the facts. Bush turned the surplus into a deficit starting in 2002. That deficit more than doubled the following year, the year the tax rates changed. So yes, a change in the tax rate has absolutely been a factor, and to deny that is to simply ignore the facts.
    Last edited by Swizz; 07-11-11 at 07:10 PM.

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    Re: Obama: No Deal Without Tax Hikes

    indeed, demanding ONLY spending cuts and NO tax-increases, doesn't suggest you are willing to compromise much.

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by Polotick View Post
    The first three months of the year were good to the oil industry -- although American drivers and their elected leaders are not offering congratulations.

    This week, the world's six largest publicly traded oil companies reported a combined $38.1 billion in first-quarter profits. Of the so-called supermajors, only BP (BP)'s earnings declined from the year before.

    Now why should we be expected to continue to pay record prices at the pump and grocery store and every other outlet that has had to increase prices because of rising fuel costs, and at the same time continue to subsidize these companies?

    I am aware that crude prices are certainly driving some of the increase, so where are the record setting profits coming from?
    5% profit margin . price at the pump $1.75 = 8.5 cents profit
    5% profit margin . price at the pump $3.50 = 17 cents profit

    yep made a bigger profit selling the same product at twice the price .. go figure

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by Taylor View Post
    It was just a few months ago, at the state of the union address, that Obama called for a "revenue neutral corporate tax reduction." Now he wants to raise taxes on oil and private planes (7.5% of GDP) in a blatant political gesture to make the republicans "the party of the rich."

    Can we believe anything this man says?
    its in the campaign planner.. probably around chapter 3.. :P

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by The Barbarian View Post
    5% profit margin …. price at the pump $1.75 = 8.5 cents profit
    5% profit margin …. price at the pump $3.50 = 17 cents profit

    yep made a bigger profit selling the same product at twice the price .. go figure …
    Thank you for illustrating my point. They are double dipping, we are paying the price, they are making record profits. Isn't it just plain common sense that it's time to remove the tax subsidies from them? Why are the American taxpayer be the ones bent over the barrel here?

    As an American being forced into bankruptcy, you'll have to forgive me for not feeling sorry for big corporations making huge profits and paying obscene bonuses. It's the average person, working and spending, that makes the economy work. Now we are being forced to spend more of our 'disposable' (whatever the hell that is) income at the pump and on food.

    If you want a healthy economy, quit screwing regular Americans so they can go spend and thus create jobs.

    Giving corporations more money will not create jobs if nobody is buying their product.

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by Sgt Meowenstein View Post
    The GOP are the ones who made it into a campaign issue. During Bush's eight years, the debt ceiling was raised seven times. Only after Obama took office did it become a political football.
    Only after Obama took office did the size of the debt limit jump to almost 100% of GDP. The raises that occurred under Bush maintained the debt at about 63% for the vast majority of his presidency. It's not the number of times, it's the leaps and bounds by which it's increased under Obama.

    Obama's own 2012 budget calls for 9.5 trillion in debt over the next 10 years... piling on more debt in 10 years than we accumulated in over 220 years.

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    Re: Obama: No Deal Without Tax Hikes

    At least it is clear to the American public, exactly who is trying to build the economy and who is only concerned about keeping the pockets of their wealthy base fully lined....that is....if it wasn't already clear, is certainly is now.
    <font size=5><b>Its been several weeks since the Vegas shooting.  Its it still "Too Early" or can we start having the conversation about finally doing something about these mass shootings???​</b></font>

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by disneydude View Post
    At least it is clear to the American public, exactly who is trying to build the economy and who is only concerned about keeping the pockets of their wealthy base fully lined....that is....if it wasn't already clear, is certainly is now.
    If you ask the partisan, as we've seen, anything less then surrendering 100% to them isn't compromise. So, the only way Obama can be seen as compromising is if he throws up his hands and says "you win, do it your way." After all that is the texbook definition of compromise.


    Was that over the top?

    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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