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Thread: GOP may OK tax increase that Obama hopes to block

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    Re: GOP may OK tax increase that Obama hopes to block

    Quote Originally Posted by GPS_Flex View Post
    Are you really surprised that the GOP would oppose gimmick tax cuts that rob SS for another year when they plan to simplify the entire tax code ASAP?
    So now the GOP cares about saving SS...

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    Re: GOP may OK tax increase that Obama hopes to block

    Quote Originally Posted by SheWolf View Post
    So now the GOP cares about saving SS...
    Yeah, except for GOP candidates like Rick Perry who says that SS is unconstitutional.

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    Re: GOP may OK tax increase that Obama hopes to block

    Quote Originally Posted by liblady View Post
    oh really. they ARE hypocrites, period. this was a break for the poor and middle class, and because it doesn't affect the wealthy (miniscule %), the gop want's to take it away. i cannot believe people could now ever argue that the gop is for lower taxes...they are for lower taxes on the wealthy, period. this is despicable beyond belief. we should be making the ss tax PROGRESSIVE, not regressive as it is. utter, complete, bull**** given to us by the "f*ck the middle class" gop. once again, balancing the budget on the backs of the poor and middle class. how can ANYONE think this is not hypocritical?
    You want the wealthy to be taxed more to pay for social security benefits of the poor? Is that the gist of it? As I understand it now people are currently capped at income levels based primarily on what their level of return of investment is. Someone that makes over...what is it...$104k is taxed the same as someone that makes $500k...because the rate of return will be the same regardless. So you believe that regardless of the capped rate of return, those that make more than $104k should have to pay more into a retirement account that they will never possibly receive a benefit from. Am I tracking you correctly?

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    Re: GOP may OK tax increase that Obama hopes to block

    Quote Originally Posted by mike2810 View Post
    So as the article stated the 46% who pay no federal income tax, yet will draw Social Security when eligable. will have their rate go back to 6.2%. "Workers normally pay 6.2 percent of their wages toward a tax designated for Social Security. Their employer pays an equal amount, for a total of 12.4 percent per worker.

    As part of a bipartisan spending deal last December, Congress approved Obama's request to reduce the workers' share to 4.2 percent for one year; employers' rate did not change. Obama wants Congress to extend the reduction for an additional year. If not, the rate will return to 6.2 percent on Jan. 1."

    Do the 46% who pay no federal income tax, want SS to be around to draw upon or not? We know SS is in trouble.
    The employees SS tax was 6.2 in 2010...

    What is the Social Security tax rate for 2010? | AccountingCoach.com Q&A

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    Re: GOP may OK tax increase that Obama hopes to block

    Quote Originally Posted by mike2810 View Post
    So as the article stated the 46% who pay no federal income tax, yet will draw Social Security when eligable. will have their rate go back to 6.2%. "Workers normally pay 6.2 percent of their wages toward a tax designated for Social Security. Their employer pays an equal amount, for a total of 12.4 percent per worker.

    As part of a bipartisan spending deal last December, Congress approved Obama's request to reduce the workers' share to 4.2 percent for one year; employers' rate did not change. Obama wants Congress to extend the reduction for an additional year. If not, the rate will return to 6.2 percent on Jan. 1."

    Do the 46% who pay no federal income tax, want SS to be around to draw upon or not? We know SS is in trouble.
    You mean it's OK for General Electric to pay no tax, and get handouts from the government on top of that, but it's not OK to have workers' tax burdens reduced? Sounds kind of robber baronish to me.
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    Re: GOP may OK tax increase that Obama hopes to block

    Quote Originally Posted by Hatuey View Post
    It's true (the last part that is). Tax cuts for those who have a high savings rates do not spur economic growth.....
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: GOP may OK tax increase that Obama hopes to block

    Quote Originally Posted by tessaesque View Post
    So...they want people to start contributing at the originally higher (by about 2%) level into a fund for a program that is looking at insolvency in less than 20 years....and people are railing on politicians for this?

    When serious proposals to alter or redirect the path of social security are shot down without consideration, when people use inflammatory language like "throwing grandma off a cliff" or "to hell with old people, right?", and people avoid reality for political expediency, it's frustrating to me that this has become just one more political power play. "Quick, let's throw them under the bus as hypocrites and hope people don't remember that every proposal to change social security to make it solvent has been DOA".

    Tired of the childish games. This slight tax "increase" will not be the end of the world. It never should have been inacted in the first place. If we aren't serious about fixing the problem we should damn sure not take actions that will exacerbate it.
    Youre right! And the wealthy should pay for it with a 10% tax increase. They can afford it. Im tired of selfish people. Im also tired of shelfish people.

    (BTW there are selfish liberals too that are in poverty and CAN help it. Im not dismissing them. But THEY dont have any money to help)
    Last edited by The Giant Noodle; 08-23-11 at 12:50 AM.
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    GOP may OK tax increase that Obama hopes to block

    http://hosted.ap.org/dynamic/stories...08-21-09-31-18

    Many of the same Republicans who fought hammer-and-tong to keep the George W. Bush-era income tax cuts from expiring on schedule are now saying a different "temporary" tax cut should end as planned. By their own definition, that amounts to a tax increase.]News from The Associated Press
    Nothing like the Right's "intellectual consistency." It really just confirms to me exactly what's wrong in Washington -- Our idea = good, their idea=bad. This tax cut wasn't the GOP's idea, therefore it is bad.


    (Knee-jerk defense starting in 3,2,1)
    Last edited by rocket88; 08-23-11 at 08:37 AM.


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    Re: GOP may OK tax increase that Obama hopes to block

    Moderator's Warning:
    GOP may OK tax increase that Obama hopes to blockTwo threads merged

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    Re: GOP may OK tax increase that Obama hopes to block

    Quote Originally Posted by The Giant Noodle View Post
    Youre right! And the wealthy should pay for it with a 10% tax increase. They can afford it. Im tired of selfish people. Im also tired of shelfish people.

    (BTW there are selfish liberals too that are in poverty and CAN help it. Im not dismissing them. But THEY dont have any money to help)
    So you want to control people from being selfish? How about angry people - 10% tax on them too?
    I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on whats being proposed here, hed agree with it. He would agree that the First Amendment cannot be absolute. - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


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