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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 305rob305 View Post
    Isn't this a socialistic agenda? To take from one type of class and give to another? Or, is this called legally stealing because the gov approves it? I wouldn't accept a rich persons money if the government takes it away from them because it's not mine
    So is it safe to say that you pay more taxes than the government says you owe to make up for the extra taxes that rich people pay?

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

    Quote Originally Posted by Wiseone
    You know oil and gas, hedge funds, and people with individual income over 200K don't really come to mind when I think "who should get a tax break with the amount of federal debt that exists."
    Really? It does for me. Can't give a break in something to somebody that doesn't pay a cent of it anyway. We already have "Making Work Pay" as well as EIC available to people with an adjusted tax liability of zero. You want to give them more "breaks"?

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

    Americans want higher taxes? If I asked 100 people if they "wanted" higher taxes, 90 of them would look at me like I was a moron. As for the solution being taxing the rich, if you taxed the top 1% of the income in the US at 10% more, you would only equate for about 2% of spending in the federal budget, so we all know good and well that, thats not the solution.
    "It is a sad day in society when people adjust the facts to fit their beliefs, rather than adjust their beliefs to fit the facts."
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    Re: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

    Quote Originally Posted by David D. View Post
    Look, I'm all for lowering taxes at times when it makes sense strategically, but this is not one of them. Let's try to fix our budget without making deep cuts to programs that may be the difference between life or death for some folks, and then reassess the situation when when things even back out.
    How is cutting the baseline increase from 8% to 6% proposed increase over ten years, much of that time Obama or these demo's in congress now will have no control over how future congresses vote, even a real cut?

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

    the top rates would still be historically low even if the rates were rolled back to the 90s. austerity measures aren't just appropriate for European countries which are in debt, and we need people working as soon as possible.

    the Obama plan isn't enough on its own; we need to take a serious look at our trade agreements, and we should consider even more preferential rates for corporations who hire a high percentage of their workforces domestically.

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

    Quote Originally Posted by Wiseone View Post
    You know oil and gas, hedge funds, and people with individual income over 200K don't really come to mind when I think "who should get a tax break with the amount of federal debt that exists." Don't get me wrong, I don't like taxes, but the simple fact is that to cut the debt we need BOTH spending cuts AND tax increases, there's no way around it.
    Those aren't tax breaks, they tax deductions. Are you one of those anti-tax write off Liberals that thinks it's ok to to tax a company on it's gross profit?
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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

    Quote Originally Posted by Gipper View Post
    Really? It does for me. Can't give a break in something to somebody that doesn't pay a cent of it anyway. We already have "Making Work Pay" as well as EIC available to people with an adjusted tax liability of zero. You want to give them more "breaks"?
    Now, those are tax breaks. The, "mo' taxes", Libbos seriously need to learn the difference between a tax break, tax cut, tax deduction and a subsidy.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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

    Quote Originally Posted by apdst View Post
    Those aren't tax breaks, they tax deductions. Are you one of those anti-tax write off Liberals that thinks it's ok to to tax a company on it's gross profit?
    Why is it okay to tax a billionaire hedge fund manager's income at 15% and your income at 25%?

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

    Quote Originally Posted by AdamT View Post
    Why is it okay to tax a billionaire hedge fund manager's income at 15% and your income at 25%?
    Why is it ok for me to pay 15% on $40,000, because I'm self employed and can't qualify for the earned income credit, because I'm self employed and my employees--who made more money last year than I did--pay nothing?
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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

    On top of the fact that the gross amount of taxes still greatly favors me, his taxable income comes with an inherent amount of risk, whereas mine does not (I show up to the office, I don't completely fluff off all day, I get paid).

    I am also an employee whereas he may indeed be an employer. Benefits should come to those who would allow for me to work and pay taxes as well.

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