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Thread: 'Gang of Six' revives hope for big deal in stalled debt-ceiling talks

  1. #111
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    Re: 'Gang of Six' revives hope for big deal in stalled debt-ceiling talks

    Quote Originally Posted by Misterveritis View Post
    Take it up with Thunder. It was his comment I "fixed".
    Your fix is what you can't back up! Thanks for admitting it!
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    Re: 'Gang of Six' revives hope for big deal in stalled debt-ceiling talks

    Quote Originally Posted by Catawba View Post
    There are no tax increases proposed that I have seen. Please provide a source to back up your personal opinion. Thanks!
    There are none proposed, that's correct, and we can thank the GOP Congress for that. I do not believe that would be true if the 2010 elections returned the congressional dems to power.

    The budget BO proposed a few months back (assumably with a strait face) however, included 43 new tax hikes, according to The Heritage Foundation, including a repeal of the 2001 and 2003 tax cuts, a higher death tax, limited deductions, and higher taxes on businesses. No, not an increase in personal income tax rates, but higher tax bills for upper income families (who are not, mind you, all rich) and many businesses.

    Obama's 2012 Budget: Higher Taxes, Slower Growth | The Heritage Foundation

    Back in the real world, hasn't it been BO's insistence that these increased revenues remain a possibility after this deal is done that prompted his little "This may bring my presidency down, but I will not yield on this" tantrum?

  3. #113
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    Re: 'Gang of Six' revives hope for big deal in stalled debt-ceiling talks

    Quote Originally Posted by LuckyDan View Post
    There are none proposed, that's correct, and we can thank the GOP Congress for that. I do not believe that would be true if the 2010 elections returned the congressional dems to power.

    The budget BO proposed a few months back (assumably with a strait face) however, included 43 new tax hikes, according to The Heritage Foundation, including a repeal of the 2001 and 2003 tax cuts, a higher death tax, limited deductions, and higher taxes on businesses. No, not an increase in personal income tax rates, but higher tax bills for upper income families (who are not, mind you, all rich) and many businesses.

    Obama's 2012 Budget: Higher Taxes, Slower Growth | The Heritage Foundation

    Back in the real world, hasn't it been BO's insistence that these increased revenues remain a possibility after this deal is done that prompted his little "This may bring my presidency down, but I will not yield on this" tantrum?

    LOL! The biased Heritage Foundation is your source? The ones that ask, "What would Reagan do?" You are too ****ing funny!
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  4. #114
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    Re: 'Gang of Six' revives hope for big deal in stalled debt-ceiling talks

    Quote Originally Posted by Catawba View Post
    LOL! The biased Heritage Foundation is your source? The ones that ask, "What would Reagan do?" You are too ****ing funny!
    Do you dispute the points in my post? And are you really laughing? Or was that a rhetorical flourish?

  5. #115
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    Re: 'Gang of Six' revives hope for big deal in stalled debt-ceiling talks

    Quote Originally Posted by Catawba View Post
    LOL! The biased Heritage Foundation is your source? The ones that ask, "What would Reagan do?" You are too ****ing funny!
    Here's a source I'm sure your comfortable with.

    http://www.msnbc.msn.com/id/41575850...illion-budget/

    The other one-third of deficit savings would come from tax increases such as limiting the tax deductions taken by high income taxpayers, a proposal that Obama put forward last year only to have it rejected by Congress. Obama also proposes raising taxes on energy companies.
    His fiscal acumen is well on display here:

    The president's 2012 budget projects that the deficits will total $7.21 trillion over the next decade with the imbalances never falling below $607 billion. Even then that would exceed the deficit record before Obama took office of $458.6 billion in 2008, President George W. Bush's last year in office.
    Now that's funny, right there. But back to the tax increases you asked about:


    The biggest tax hike would come from a proposal to trim the deductions the wealthiest Americans can claim for charitable contributions, mortgage interest and state and local tax payments. The administration proposed this tax hike last year but it was a nonstarter in Congress.

    Obama's budget would also raise $46 billion over 10 years by eliminating various tax breaks to oil, gas and coal companies.
    Last edited by LuckyDan; 07-21-11 at 12:26 AM.

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    Re: 'Gang of Six' revives hope for big deal in stalled debt-ceiling talks

    Quote Originally Posted by Misterveritis View Post
    Take it up with Thunder. It was his comment I "fixed".
    are we talking about Obama's plan from last week, or the Gang of Six plan?

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    Re: 'Gang of Six' revives hope for big deal in stalled debt-ceiling talks

    Quote Originally Posted by Catawba View Post
    Huge spending cuts in return for eliminating tax breaks for the wealthy. Now your turn, what is the GOP willing to give up for huge spending cuts?
    Really show me the proposal. Obama campaign speeches of the last few weeks are not credibile

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    Re: 'Gang of Six' revives hope for big deal in stalled debt-ceiling talks

    Quote Originally Posted by Catawba View Post
    Huge spending cuts in return for eliminating tax breaks for the wealthy. Now your turn, what is the GOP willing to give up for huge spending cuts?
    What should the GOP give up?

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    Re: 'Gang of Six' revives hope for big deal in stalled debt-ceiling talks

    Quote Originally Posted by Catawba View Post
    Huge spending cuts in return for eliminating tax breaks for the wealthy. Now your turn, what is the GOP willing to give up for huge spending cuts?
    The luxury of not having to pass a balanced budget?

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    Re: 'Gang of Six' revives hope for big deal in stalled debt-ceiling talks

    Quote Originally Posted by Catawba View Post
    There are no tax increases proposed that I have seen. Please provide a source to back up your personal opinion. Thanks!
    Daily Kos: Gang of Six Plan Would Raise Taxes on Low-Income Workers

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