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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 sangha View Post
    Because it was true and the middle class pay a higher tax rate than the rich do.
    Nonsense.


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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by Ikari View Post
    Not really surprising. Though this does speak to the "fiscally sound" conservatives more than anything else. Always claiming less debt and smaller government; yet we rarely realize that during a Republican presidency. Now we have two big deficit spending parties. Woot.
    It's OK If a Republican Does 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..

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by Tettsuo View Post
    Thank you for the welcome!

    I based my opinion partly on the comment you made regarding unions. Unions (historically speaking) were a major factor in the creation of the middle class.

    The other part is your focus on business owners. If they are making over $250,000 in profit (profit is after all costs have been addressed and accounted for) you are in no danger of having your business fail due to a 3% increase in personal taxation. Those additional taxes will be much more helpful for the rest of the country through entitlement programs, education, infrastructure and research into new technologies to improve America. You are much more value than the business owner's 3% in profit taxation and the smart business owner is very much aware of that... you should be aware of that as well.

    Fighting for the business owner to keep 3% of their profits for fear they'll fire people just doesn't make sense when the nation itself hangs in the balance.

    You don't sacrifice benefits for the 98% for the benefit of just the 2%. That's simply illogical.
    Welcome

    The rightwingers think that if we increase the income tax rate by 3%, they will pay more in income taxes than they earn in income.
    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..

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by sangha View Post
    It's OK If a Republican Does It
    No, stawman argument...No one has said that. Next fallacy


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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by sangha View Post
    Welcome

    The rightwingers think that if we increase the income tax rate by 3%, they will pay more in income taxes than they earn in income.
    Oh, so now you read minds as well? You need to re word this in coherent language.

    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by j-mac View Post


    The premise you are laying out here is one where I don't get that 3% though, government does. And although the business might not fail due to a 3% increase in taxation, it doesn't have that money to reinvest in the business either, that makes it weaker.
    If business has less money to invest in shipping jobs overseas, that is A Good Thing.

    Right now, corporate america has record-setting profits, but they're not investing in american jobs. There is insufficient demand for goods and services for business to get businesses to invest in creating jobs no matter what the income tax rate is. Cutting taxes does not create jobs and never has

    http://blogs.wsj.com/economics/2009/...ord-on-record/

    Last edited by sangha; 07-12-11 at 02:29 PM.
    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..

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by sangha View Post
    If business has less money to invest in shipping jobs overseas, that is A Good Thing.
    "Shipping jobs overseas" is yet another talking point platitude. no substance. If you even understood a scintilla of why businesses do that you would realize that it is a bottom line factor. IOW, your wet dream of raising that bottom line will somehow keep jobs here makes no sense what so ever.

    Right now, corporate america has record-setting profits, but they're not investing in american jobs. There is insufficient demand for goods and services for business to get businesses to invest in creating jobs no matter what the income tax rate is. Cutting taxes does not create jobs and never has
    They are sitting on their money because it is the policy of this administration to bludgeon them at every turn, demonize them as you have here, and inject uncertainty. Cutting the Cap Gains rate would absolutely spur job growth, always has.

    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by jding View Post
    On a personal level, I think whenever we have a deficit, it means there has to be some tax collected to repay the money owed...So you need to pay taxes equal to the amount your government spent. How can you spent money and pay nothing, who is going to pay it? the next generation?
    We're currently spending at unprecedented levels, so without some dramatic cuts there's no way any taxation will cover the difference.

    Further, the key to generating tax revenue is by growing the economy and putting millions of taxpayers back to work. It's doubtful that a 3-percent increase in taxes on the rich will provide any additional revenue (certainly no significant revenue) above and beyond the growth of the economy, and taxes don't help that.

    Good for the politics of envy, bad for the economy.

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by The Barbarian View Post
    Mind you I'm not saying they didn't ... but the point should be made ... that it hasn't only been republicans running up the debt .. . that last two years of Clintons term .. the house and senate was controled by the Republicans ... and for the majority of the time .. of Republcian presidents .. the house and senate have been controlled by Democrats
    but it was the repubs who racked up most of the debt...an odd result for those who claim to want a balanced budget and a small govt

    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..

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by j-mac View Post
    As compared to what? Liberal spending historically? Really?


    j-mac
    As compared top their claims, which are really just lies to fool the ignorant
    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..

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