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Thread: Obama: No Deal Without Tax Hikes

  1. #71
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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by Polotick View Post
    So, now they are fat, drunk and armed. Nice, you are dismissed.
    LOL a guy who has been here a couple days (sure) dismissing anyone is funny

    Your misunderstanding of my post is pathetic. THe point was-the taxes that are being discussed currently are FEDERAL INCOME TAXES. not other taxes including excise taxes. Try again



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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.
    Congress' Approval Entrenched at 18% as Debt Talks Continue

    See how unamused everyone is with Congress. Understand we're not NEAR as blind and stupid as they wish to believe.

  3. #73
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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by TurtleDude View Post
    so it is your learned position that 47% of the population can barely afford to eat? most of the poorest people are OBESE
    People get obese when they cant afford to eat the best of foods...poor people eat STARCH....rice, pasta, patatoes....believe it or not turtledude this may startle you...most people in america cant afford lobster and porterhouse...

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by cpwill View Post
    "Raising taxes in a recession is the last thing you want to do." - President Barack Obama



    we are willing to compromise on plenty. whatever the President wants to cut, we'll cut. but raising taxes will not bring in any revenue, it will hurt the country's struggling economy, and it's not a political possibility. we might as well demand that Obama pass the Ryan Plan, and then accuse him of refusing to compromise when he doesn't.



    At best, Obama wants to hike taxes, but doesn't want the blame for it, so he wants to make Republicans his enablers. At worst, Obama knows that this won't pass the House, and so he wants to go past the Aug 2 deadline to see how much he can scare the American public about the "eeeeevil Wepubwicans" [/Elmer Fudd Voice].
    Do you realistically think they can cut as much of the entitlement benefits needed to actually make a difference without hurting those on fixed incomes?

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by The Barbarian View Post
    See this is why I want some proof this time .. . remember that 800 billion dollar stimulus that was for those shovel ready jobs that were going to put Americans to work ... 800 billion of our tax dollars already spend on it ... where's the jobs ???

    I'm just tired of being lied to .... and I'm not talking about just the last two years . . I'm talking about the last 30 ... I said this many times ... Clinton was the best we had .. he raised taxes .. cut military spending to the bone, had the dot com bubble driving the economy, making more millionaires faster then anytime in history, with all that going on .. this country went another 1.5 trillion dollars in debt .. and that was the best we had in the last 30 years
    Frustrating as hell, isn't it? The real sad part of this, we have the government we deserve. Not the one we want, but the one we deserve. We have allowed this to happen by apathy and being easily distracted by shiny things.

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by lpast View Post
    People get obese when they cant afford to eat the best of foods...poor people eat STARCH....rice, pasta, patatoes....believe it or not turtledude this may startle you...most people in america cant afford lobster and porterhouse...
    eating lobster and porterhouse is gonna make you fat pretty quickly

    I didn't realize food stamps were good only for doughnuts and cheezeits



  7. #77
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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by Polotick View Post
    When the Deepwater Horizon drilling platform set off the worst oil spill at sea in American history, it was flying the flag of the Marshall Islands. Registering there allowed the rig’s owner to significantly reduce its American taxes.

    The owner, Transocean, moved its corporate headquarters from Houston to the Cayman Islands in 1999 and then to Switzerland in 2008, maneuvers that also helped it avoid taxes.

    At the same time, BP was reaping sizable tax benefits from leasing the rig. According to a letter sent in June to the Senate Finance Committee, the company used a tax break for the oil industry to write off 70 percent of the rent for Deepwater Horizon — a deduction of more than $225,000 a day since the lease began.

    With federal officials now considering a new tax on petroleum production to pay for the cleanup, the industry is fighting the measure, warning that it will lead to job losses and higher gasoline prices, as well as an increased dependence on foreign oil.

    But an examination of the American tax code indicates that oil production is among the most heavily subsidized businesses, with tax breaks available at virtually every stage of the exploration and extraction process.

    According to the most recent study by the Congressional Budget Office, released in 2005, capital investments like oil field leases and drilling equipment are taxed at an effective rate of 9 percent, significantly lower than the overall rate of 25 percent for businesses in general and lower than virtually any other industry.



    We can start here.
    How is that a loophole?

    And, why am I not surprised that you went straight to the oil and gas industry?

    Why in the hell would we tax capital investments, anyway? That's just ****ing stupid!
    Last edited by apdst; 07-11-11 at 08:19 PM.

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by cpwill View Post
    ....and then he has the gall to accuse Republicans of being obstinate?

    seven months ago Obama said that the last thing we wanted to do was raise taxes on a poor recovery, but now he thinks that we are doing So Awesome after the last jobs report that it won't effect us? I don't think so - he knows precisely the game he is playing. At least now we know for sure who's holding this whole thing up. Obama knows perfectly well that no package that includes tax hikes will pass the House. His insistence that they be included means he is delaying. Guess he really does want to use this to campaign on after all. Everyone get ready for Obama to start threatening Seniors.


    President Barack Obama declared on Monday there would be no deal on raising the government's debt limit if Republicans won't compromise, and he said he would not sign a short-term extension raising the stakes on volatile negotiations with the clock ticking toward an Aug. 2 deadline.

    "I don't see a path to a deal if they don't budge. Period," the president said in a challenge to his political opponents, accusing Republicans of having a "my way or the highway" posture on taxes.... But Republican Boehner said that tax increases are a nonstarter: "The American people will not accept and the House cannot pass a bill that raises taxes on job creators."...

    ...Sunday's sometimes testy session was shorter than some had anticipated, and it's clear neither side is willing to budge on taxes. Democrats say tax increases are a prerequisite for big spending cuts; Republicans rule out the idea unless taxes are lowered elsewhere....

    even before Obama was finished speaking, Republicans were disagreeing with his insistence that a deficit-trimming deal include cutbacks in tax breaks for the wealthy and some big corporations. While the news conference was under way, Boehner's office sent two emails to his news list saying tax hikes never should have been in the discussion.

    The president warned that failure to reach agreement could create another recession and throw millions of Americans out of work, painting a picture of catastrophe if a partisan stalemate is not broken and Congress fails to act....



    yup. the President needs an economic narrative for 2012, and he's going to make himself one.

    The teaparty has the ORDASITY to not only not want any tax increase on their rich greedsters they want mOAR tax cuts...like in the Ryan plan HUGE tax cuts and then they send out their cheerleaders to harp how we have to get rid of SS and medicare and Medicaid and food stamps ....damn these people that are unsucessful loafers like public workers who DO THEY THINK THEY ARE making a halfway decent living...I WANT mOAR....yanno cpwill this whole teaparty thing has gotten disgusting..

  9. #79
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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by lpast View Post
    The teaparty has the ORDASITY to not only not want any tax increase on their rich greedsters they want mOAR tax cuts...like in the Ryan plan HUGE tax cuts and then they send out their cheerleaders to harp how we have to get rid of SS and medicare and Medicaid and food stamps ....damn these people that are unsucessful loafers like public workers who DO THEY THINK THEY ARE making a halfway decent living...I WANT mOAR....yanno cpwill this whole teaparty thing has gotten disgusting..
    Show us where the Tea Party wants more tax cuts for rich folks. Thanks in advance.

  10. #80
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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by apdst View Post
    How is that a loophole?
    25
    -9
    ---
    16% advantage over the normal business. Bottom line is they need to continue leasing and drilling to continue to have a product to sell. Basic business. Why should we subsidize those and still continue to pay higher prices and watch them make record profits?

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