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Thread: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

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    Re: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

    Quote Originally Posted by j-mac View Post
    Yeah, let's just outlaw private business in America, then all will be well won't it?

    j-mac
    hmmmmm.....outlaw private business...now where did he say that? oh wait, he didnt....how about actually answering the question? that question was "why do so many of you guys have big problems with government social programs, but you have no problem with the government handing out billions in corporate welfare?" try answering what was asked

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    Re: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

    Quote Originally Posted by randel View Post
    hmmmmm.....outlaw private business...now where did he say that? oh wait, he didnt....how about actually answering the question? that question was "why do so many of you guys have big problems with government social programs, but you have no problem with the government handing out billions in corporate welfare?" try answering what was asked
    I don't know, ask Obama why he did it.

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    Re: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

    Quote Originally Posted by apdst View Post
    Recycling money hasn't worked, before; why will it all of a sudden work now?
    'recycling money'? you do understand how the economy works, right? from this statement, i have my doubts. i buy a product from you, you buy more product from your supplier, you pay your employees, your employees take their wages, buy things from the local grocery store, pay their light, gas, house, car payments, so on and so forth, wash, rinse, repeat...to use your terminology, money is constantly 'recycled' in an economy.

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    Re: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

    Quote Originally Posted by Erod View Post
    That's difficult to say because there's so much reinvestment into the business that I PREFER to do when the economy is predictable. But yes, I'll take enough personally to be well into that range where he wants to bite more taxes from me, and I'm hardly living rich.

    Here's the rub: I have to operate within a profit margin, or the risk just becomes too great to stay in business. Therefore, if my tax obligation increases, I have to make the necessary changes to make sure my margin is acceptable, which is about 12 percent for me. I'm as lean as I can get operationally, so the only thing I can do is ask some employees to do more. Some businesses are more volatile due to the debt they owe or hold for clients, so they need a better margin than me. A change in taxes will crush them because their owners will get scared about their personal financial well-being.

    It's all pretty simple math, and it's not about being a "cold-hearted company". It's just basic business. Obama wants to tax those that don't vote for him anyway instead of asking more from his base of voters. Never forget, rich people can always take their money and go home if they get too spooked.

    Plus, it's ridiculous what he calls rich. How much will $250K a year get you in New York or San Fran? Are those people living the luxury life? Hell no.

    If you have a house and 2-3 kids in San Diego, $250K is not going to buy you the high life.
    1. We can't base the entire argument on two cities. In general making 250,000 is doing extremely well. If you're struggling on getting by on that then I would assume it's much more due to living outside your means more so than cost of living. My household income is half of that and at the age of 25 my wife and I have bought our own house, have two vehicles that were purchased new, mine was paid off in a year and her's we bought outright, and at the same time are donating as much is allowed into our 401k's and have a side savings account. If we can manage that then anyone earning 250,000 shouldn't be having a hard time regardless of the city. Of course if you earn 250,000 and you think that it's a good idea to stretch yourself by buying a home or condo worth 1.5 million you can barely afford is a good idea that doesn't mean you aren't doing well, it just means you make poor decisions.

    2. If you earn 250,000 your taxes won't go up according to his plan. You won't owe one penny more. It's only an increase in taxes on earnings over that amount. Lets say you earn 300,000, your taxes will go up 1500 give or take a little. If that puts you in the poor house while earning 300,000 then it's you with the problem.

    3. Lets just go out on a limb and say you earn a hefty 500,000 next year. If we bump up the top marginal tax rate to what is proposed that means an extra 7,500 in taxes. Sorry, but arguing that this is going to put anyone in the poor house or that anyone earning that much will have to lay someone off so they can afford it is being disingenuous.
    Quote Originally Posted by TurtleDude View Post
    uh that is so small as to be stupid. Do you want registration? given less than 3% of criminals get their guns from private sales, its pretty much a waste of resources
    **Thirty Minutes Later**
    Quote Originally Posted by TurtleDude View Post
    you are confused. I never denied that many criminals get guns in private sales.

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    Re: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

    Quote Originally Posted by Erod View Post
    Do you have any confidence whatsoever that these additional revenues would go to the debt burden?
    I do not understand the question.
    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: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

    Quote Originally Posted by buck View Post
    In other words, the way he is playing politics is working on you. It's nice that you acknowledge to being so easily manipulated. If Obama were actually serious, he would have tried to pay for the jobs bill by a method that has not already been rejcted by both republicans and democrats.
    Not really, no. He's doing what is proper to do.

    As for paying for it, my one criticism of him as he only charges congress with figuring that out, that is an area for debate and real discourse. Republicans and democrats shoudl sit down and say "how can we pay for this." This would be proper.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

    Quote Originally Posted by Boo Radley View Post
    J, I don't know why you want to go down this road.
    Me?! I am responding to your childish outburst.

    I didn't call anyone a name.
    What's the squirrel BS all about then, it is quite annoying, and that is your aim, so knock it off please.

    I responded to the fact that he was not responding to the post he answered. Nothing more, and nothing less.
    What ever dude, just grow up a little will ya?

    Going after? That too is your skewed view. All anyone is doing is saying they don't need those breaks.
    You do realize that as you increase their operating cost, they pass it along to us right?

    They are no more in need as anyone else.
    Says who? You?

    You do know business used to carry their own weight.
    How long ago was it practice to not be able to write off new equipment deprecation? And when has that been selectively applied?

    You don't have to hate or go after to merely ask they do so again today.
    You don't have to, but that doesn't discount the fact that liberals, and Obama are targeting industries like Oil, and Coal in order to force people toward Green alternatives. It's Bull.

    J, notice your language. First, the number doesn't matter as long as anything passed was proper and necessary.
    The number does matter. And define "proper and necessary" According to who? Liberals? Industry leaders? the People? You? Whom?

    You might also recall he has asked for a review to illimanate uneccessary regulations.
    Oh well, BRAVO! he eliminates one and adds ten.

    J, I don't claim he's perfect. Hardly. Some one asked me the other day what I thought of his speech. I said it was ok, but I noted he said the plan would be paid for when what he really did was merely call on congress to find a way to pay for it. I don't argue with you guys on things I think you have a point on. Only on the silliness that too often saturates these discussions. Tyrannt, hates business, socialism, and such merely clouds issues and keeps any valid discussion from taking place.
    He is what he is Joe.

    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 Seeks to End Tax Breaks to Pay for Jobs Plan

    Quote Originally Posted by Boo Radley View Post
    Not really, no. He's doing what is proper to do.

    As for paying for it, my one criticism of him as he only charges congress with figuring that out, that is an area for debate and real discourse. Republicans and democrats shoudl sit down and say "how can we pay for this." This would be proper.
    Proper? According to whom? you?

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

    Alexis de Tocqueville

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    Re: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

    Quote Originally Posted by randel View Post
    hmmmmm.....outlaw private business...now where did he say that? oh wait, he didnt....how about actually answering the question? that question was "why do so many of you guys have big problems with government social programs, but you have no problem with the government handing out billions in corporate welfare?" try answering what was asked
    Define corporate welfare....If you can Greenie.

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

    Alexis de Tocqueville

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    Re: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

    Quote Originally Posted by j-mac View Post
    Me?! I am responding to your childish outburst.
    There was no outbrust j. you're misreading. I merely commented on hsi squirrel moment, where he leaves what is said to go down some other road.

    What's the squirrel BS all about then, it is quite annoying, and that is your aim, so knock it off please.
    As I told you before and above, it is about ignoring what he is responding to to go down some other road. I find that annoying.

    What ever dude, just grow up a little will ya?
    Which is the grow up way to say I don't want to understand, . . . dude?

    You do realize that as you increase their operating cost, they pass it along to us right?
    So, why tax them at all. Why not say they are exempt from being citizens, and we should always pander to business? I don't buy the argument that business is so special that they can't carry their own weight.

    Says who? You?
    Feel free to show me their special need. I always laugh at how the poor should pull themselves up and have personal responsibility, but business is too weak and fragile and dependent to ever function without our help. Don't you see how funny that sounds?

    How long ago was it practice to not be able to write off new equipment deprecation? And when has that been selectively applied?
    Which has what to do with my comment? I seeking to understand how you're connecting the two thoughts because I don't see it.

    You don't have to, but that doesn't discount the fact that liberals, and Obama are targeting industries like Oil, and Coal in order to force people toward Green alternatives. It's Bull.
    That is only your belief. You're free to provide evidence on that if you have any, but the fact remians it is also quite possible that others may well believe that business can carry their own weight and feel that way without hating them. Obama could as well for that matter.

    The number does matter. And define "proper and necessary" According to who? Liberals? Industry leaders? the People? You? Whom?
    I think according to any reasonable evaluation. Poisoning the water table or the air would be reasonable to stop. Too much mercury in food would be quite reasonable to control. It's not that hard to work through. And we know that busness has in the past be quite lax about policiing themselves. So, it is not unreasonable to protect people from the harm that can come from too little regulation. The critieria should be on if it is necessary to keep us safe.

    Oh well, BRAVO! he eliminates one and adds ten.
    Feel free to support that.

    He is what he is Joe.

    j-mac
    He is. But he is not what you mistakenly try to make him. those who call him a socialist, for example, simply have no understanding of the word.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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