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Obama: No Deal Without Tax Hikes

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Taxes were increased in 93 and there was no significant change in income tax revenue for three or four years. It wasn't until the economy started to boom that revenue took off. The boom was largely propelled by Greespan's drop in interest rates which promoted borrowing and investment.

Interest rates are currently rock bottom. Anyone that thinks an income tax increase now is going to bring about a 90's-like economy is clueless. The situation today is totally different.


true and anyone who thinks that the left's push for taxing the rich more is based on an honest belief of more revenues is clueless as well
 
aside from the fact that he obviously is blindsided by the question, i think one of my favorite parts is where he castigates George Bush for running up $4 Trillion in debt, says that that is undermining our economy, and says it's going to change once he's President.
 
Because in a large ticket item business, someone's sales could never, ever slump to the point where they no longer generate profit. Nope. Never.

Nonsense. Total and utter nonsense.

For one thing, we are talking about ALL employees, not just the sales staff. Secondly, if the sales person doesn't make enough sales to cover his salary, the employer is losing money on that employee. But maybe I'm wrong. I'm eager to see you explain how paying a salesperson who makes absolutely no sales makes a profit for their employer. This should be good.

Raising taxes in this environment means you will be looking harder to see who is making you how much money. One guy may be making you 20% profit, one guy may be making you 3% profit. If your tax burden goes up...does it make sense to look harder at the 3% profit person? Of course it does.

Of course it does not. If you're profits are slumping, it makes no sense to eliminate any profits, small or large.

Taxes are part of costs. I cannot believe you think they are not.

I can't believe you think I said that
 
Taxes were increased in 93 and there was no significant change in income tax revenue for three or four years. It wasn't until the economy started to boom that revenue took off.

SO there was a correlation between raising taxes and eco growth. This argues against the rightwing claim that tax increases prevent growth
 
true and anyone who thinks that the left's push for taxing the rich more is based on an honest belief of more revenues is clueless as well

false, and anyone who thinks that the rights' push for cutting taxes on the rich is based on an honest belief in economic growth is ignoring the facts.
 
I'm starting to see this whole "class-warfare" argument as just a silly strawman by the Right.

would you please expand on the comment above. Not sure what you mean.
 
would you please expand on the comment above. Not sure what you mean.


Right-wing extremists often accuse the Left and Democrats of trying to wage "class-warfare", by wanting to raise taxes on the wealthy by 3%. I now see this as a strawman.
 
Governor Cuomo cut billions of dollars from programs that help the poor and middle-class.

And yet, he let the Millionaire's tax expire.

This is REAL class-warfare. And he's a Democrat.
 
The first graph shows job growth trending upwards under a Democratic House. The 2nd shows the job growth trend after the repubs took over the House.

What is the difference?

beforegop.jpg


aftergop.jpg

Obama isn't growing government jobs like he was.
 
class warfare in deep blue ny:

"we have the worst business tax climate in the nation, period, our taxes are 66% higher than the national average"

"the costs of pensions are exploding... a 476% increase and its only getting worse"

"the state of new york spends too much money, it is that blunt and it is that simple"

"an unsustainable rate of growth and it has been for a long time"

"not only do we spend too much, but we get too little in return"

"the large government we have is all too often responsive to the special interests over the people"

"new yorkers are voting with their feet, two million new yorkers have left the state over the past decade"

"what does this say, it says we need radical reform, it says we need a new approach, we need a new perspective and we need it now"

"this is a fundamental realignment for the state"

"the old way wasn't working anyway, let's be honest"

"we want a government that puts the people first and not the special interests first"

"what made new york the empire state was a not a large government complex, it was a vibrant private sector that was creating great jobs"

"and that's what's going to make us the empire state again"

"at the heart of this state is business"

"we have to relearn the lesson our founders knew and we have to put up a sign that says new york is open for business, we get it, and this is going to be a business friendly state"

"we are going to have to confront the tax situation in our state, property taxes in this state are killing new yorkers, thirteen of the sixteen highest tax counties are in new york when assessed by home value"

"westchester county has the highest property taxes in the united states, nassau county has the second highest"

"it has to end, it has to end this year"

"we have to hold the line on taxes for now and reduce taxes in the future, new york has no future as the tax capital of the nation, our young people will not stay, our business will not come"

"put it simply, the people of this state simply cannot afford to pay any more taxes, period"

"we have to start with an emergency financial plan to stabilize our finances, we need to hold the line and we need to institute a wage freeze in the state of new york, we need to hold the line on taxes, we need a state spending cap and we need to close this $10 billion gap without any borrowing"

GOVERNOR ANDREW M. CUOMO STATE OF THE STATE ADDRESS | Governor Andrew M. Cuomo

the gub aint just talkin, either

Cuomo budget: $10 billion deficit cut, no new taxes, layoffs likely

and that sophisticated new york audience is going wild

Andrew Cuomo approval sky-high, new poll suggests - Jennifer Epstein - POLITICO.com

the lay of the land, the political landscape, ie, reality

from athens to sacto, as inevitable as physics, nothing you can do to stop it

austerity, embrace it
 
So much for the "the govt can't create jobs" whine the rightwingers love

If anyone has said that the government cannot create jobs, they would definitely be wrong. How is this evident? Look at the explosive growth in the Federal Government. It takes many people to mismanage all that waste.

But, government workers do not produce anything. They don't manufacture cars. Oh wait, Obama did have the Federal Government take over GM and Chrysler. Well, they don't grow crops to eat. Oh wait, they do hand out money for not growing crops.

Wow! Those government jobs must be far superior to private industry jobs. Not!
 
increased. govt. funding for infrastructure projects, creates jobs. LOTS of jobs.

building a new highway, bridge, tunnel, sewers, seawall, ect etc...means many more people are hired.
 
aside from the fact that he obviously is blindsided by the question,
"For purposes of fairness" -- what??
He could care less what it does to the economy, he just wants to punish the rich for political gain.
Although I'm not sure how he's going to accomplish that by raising captial gains, which will only reduce revenue as he encourages ppl to hold on to their money until a more sane President is elected.
 
SO there was a correlation between raising taxes and eco growth. This argues against the rightwing claim that tax increases prevent growth
Nobody says they prevent growth, but they can hinder growth. Most economists agree (not just the "rightwing"), which is why few were advocating a return to Clinton tax rates last year (full expiration of the Bush tax cuts).
 
Nobody says they prevent growth, but they can hinder growth. Most economists agree (not just the "rightwing"), which is why few were advocating a return to Clinton tax rates last year (full expiration of the Bush tax cuts).

You'd be hard pressed to show much of any effect taxes have on growth either way. Theory is one thing, actual evidence another.
 
aside from the fact that he obviously is blindsided by the question, i think one of my favorite parts is where he castigates George Bush for running up $4 Trillion in debt, says that that is undermining our economy, and says it's going to change once he's President.

All politicians talk ****. Largely what you're saying is your sides criticism of Obama on the economy is not better than his of Bush, putting your side in the same class as what you denounce here, with a cherry picked snipet no less. :coffeepap
 
increased. govt. funding for infrastructure projects, creates jobs. LOTS of jobs.

building a new highway, bridge, tunnel, sewers, seawall, ect etc...means many more people are hired.
Jobs are extremely easy to create. I personally have the power to create millions of jobs. I'll pay anyone I can find a few cents a year to work full time digging holes and refilling them.

Jobs in and of themselves are not what makes a strong economy.
 
Jobs are extremely easy to create. I personally have the power to create millions of jobs. I'll pay anyone I can find a few cents a year to work full time digging holes and refilling them.

Jobs in and of themselves are not what makes a strong economy.

More nonsense. You have been reduced to posting nonsense about you paying people to dig holes because reality has abandoned your claims
 
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