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Thread: Boehner Asks Debt Panel to Take on Tax Breaks, Reject Hike

  1. #151
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    Re: Boehner Asks Debt Panel to Take on Tax Breaks, Reject Hike

    Quote Originally Posted by Tettsuo View Post
    Actually, recent history has shown us that any Republican president is bad for the country as long as they tow the Republican mantra of trickle down/supply side economics.

    Until Republicans find a new way to address issued other than cut taxes and reduce regulations, I'll continue to vote Democrat. Their was is proven to not do what they claim it will.

    It would certainly be better if a 3rd party was available and had viable ideas, but as of right now, it doesn't exist.
    Getting sick and tired of the same tired old rhetoric about trickle down, now provide some data to support your point of view. BEA.gov, BLS.gov, and the U.S. Treasury post non partisan data so that is a good place to start. Not surprising from your posts that you would vote Democrat as you have been brainwashed. The data doesn't support your point of view. Reagan initiated trickle down and doubled GDP, created 17 million jobs, and doubled govt. revenue. He succeeded with trickle down. Obama has been a total and complete failure yet you would give him four more eyars?

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    Re: Boehner Asks Debt Panel to Take on Tax Breaks, Reject Hike

    Quote Originally Posted by Conservative View Post
    Since when does more revenue lead to deficit reduction?
    That's how we paid off our WWII/Great Depression debt. Which was, by the way, a larger portion of GDP than what we owe now. So, we're batting 1000 so far.

    Quote Originally Posted by Conservative View Post
    History shows it leads to more spending.
    When?

    Quote Originally Posted by Conservative View Post
    Let's see the spending cuts and put 25 million unemployed and under employed Americans back to work before raising taxes.
    Cutting spending means more unemployment. That's the choice we need to make. Any option for reducing the deficit- cutting spending or increasing taxes- means more unemployment. So, you can't pursue those two goals simultaneously really.

  3. #153
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    Re: Boehner Asks Debt Panel to Take on Tax Breaks, Reject Hike

    Quote Originally Posted by teamosil View Post
    That's how we paid off our WWII/Great Depression debt. Which was, by the way, a larger portion of GDP than what we owe now. So, we're batting 1000 so far.

    When?

    Cutting spending means more unemployment. That's the choice we need to make. Any option for reducing the deficit- cutting spending or increasing taxes- means more unemployment. So, you can't pursue those two goals simultaneously really.
    Wasn't around then but I am sure savings bonds helped a lot.

    Why do you keep asking for proof for when I provide it you ignore it. Every year the budget of the United States has increased and every year we had a deficit including every year of the Clinton Administration.

    Cutting spending only means more unemployment if you believe it is the government's role to create jobs. Government's role is to increase incentive for the private sector to create jobs and to do that they need to cut spending.

    I could be wrong but you seem very young but living in San Francisco could be part of the problem. Do you know that California leads the nation in terms of welfare received according to a CNBC report?

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    Re: Boehner Asks Debt Panel to Take on Tax Breaks, Reject Hike

    Quote Originally Posted by Tettsuo View Post
    Actually, recent history has shown us that any Republican president is bad for the country as long as they tow the Republican mantra of trickle down/supply side economics.
    Part of the problem is, that is the policy of the Obama administration. The QE programs are massive trickle down programs and for some reason we have none of the regular complainers complaining. What's even worse is the QE programs are huge tax increases on the poor. Unfortuately, few correctly argue the position. Trickle down DOES NOT work when it's the government operating it. You can not take from one lower group, give it to an upper group and hope for it to trickle back down to the lower group. That is basically the governments position right now.

    Now, if someone creates a real entity that creates actual jobs (not temporary, government provided, make work jobs) then things can trickle down. Bill Gates has made a lot of people a whole lot of money while making himself even more.

    So, if government gets out of the way, trickle down can work. When it's managed by the government, it's never going to.

    Until Republicans find a new way to address issued other than cut taxes and reduce regulations, I'll continue to vote Democrat. Their was is proven to not do what they claim it will.

    It would certainly be better if a 3rd party was available and had viable ideas, but as of right now, it doesn't exist.
    Ron Paul has the right idea.

  5. #155
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    Re: Boehner Asks Debt Panel to Take on Tax Breaks, Reject Hike

    Quote Originally Posted by Conservative View Post
    FICA funds SS and Medicare, FIT is the largest tax revenue source of the Federal govt. followed by Corporate taxes, and Excise taxes. FICA shouldn't have anything to do with the funding of the Govt.
    FICA that is sort of truish. It is only sort of a tax, sort of a retirement program, and it doesn't flow in and out of the general federal budget. Whatever it is called though, it is regressive. But, regardless, that was only one of six federal taxes we discussed, and then state taxes are relevant too when talking about whether or not different groups are paying their fair share. I gather you conceded all those points?

    Quote Originally Posted by Conservative View Post
    Still waiting for your definition of fair share that the rich should pay? Think that those income earners who aren't paying any FIT are paying their fair share? Where is your outrage?
    Yes they are paying their fair share. They pay a pretty significant amount of taxes. Payroll taxes, property taxes, sales taxes, etc, all hit the middle class and the poor hard. And, of course, their fair share is much smaller since their income is much smaller.

    There is no fixed amount that is fair for the rich to pay. It's situational. When you have a really wide rich/everybody else gap, taxation needs to become more progressive. When you have a really narrow rich/everybody else gap flatter taxation is better. When you are fighting two wars and trying to recover from a recession, you need to tax more. When you have huge deficits, you need to tax more. When you have an inadequate safety net, you need to tax more. When you are falling behind the rest of the first world you need to tax more. When your safety net is all covered and you're beating the rest of the world in education and you aren't fighting any ways and you're in an economic boom you can tax less. Etc.

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    Re: Boehner Asks Debt Panel to Take on Tax Breaks, Reject Hike

    Quote Originally Posted by Conservative View Post
    Every year the budget of the United States has increased and every year we had a deficit including every year of the Clinton Administration.
    That's a bald-faced lie.

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    Re: Boehner Asks Debt Panel to Take on Tax Breaks, Reject Hike

    Quote Originally Posted by Conservative View Post
    Since when does more revenue lead to deficit reduction? History shows it leads to more spending. Let's see the spending cuts and put 25 million unemployed and under employed Americans back to work before raising taxes. Then take SS and Medicare off budget first, submit spending cuts back to at least 2008 levels, set up a fund for the revenue to go to deficit reduction and then I will consider tax cuts. Thanks for the polls though. Wonder how those 47% of income earners that don't pay any FIT voted in the polls?
    As the polls this year show, without a doubt, the majority of Americans do not agree with your opinion. Obama has the backing of the majority of Americans for his proposal.
    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

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    Re: Boehner Asks Debt Panel to Take on Tax Breaks, Reject Hike

    Quote Originally Posted by Conservative View Post
    Wasn't around then but I am sure savings bonds helped a lot.
    Not sure what you mean. Savings bonds are the national debt. That is people or companies loaning the federal government money. Same thing now.

    Quote Originally Posted by Conservative View Post
    Why do you keep asking for proof for when I provide it you ignore it. Every year the budget of the United States has increased and every year we had a deficit including every year of the Clinton Administration.
    Your position, as I understand it, is that raising taxes on the rich would mean more spending. Can you give any example from our history when that happened? The only time I'm aware of that we significantly raised taxes on the rich was after WWII when we also cut spending dramatically.

    Quote Originally Posted by Conservative View Post
    Cutting spending only means more unemployment if you believe it is the government's role to create jobs. Government's role is to increase incentive for the private sector to create jobs and to do that they need to cut spending.
    Rhetoric about the "role of government" has nothing to do with economics. Deficit spending means taking money from China and using it to hire people. That means more jobs. Period. Deficits are bad, but cutting them means either firing people (spending cuts) or reducing investment by raising taxes which means firing people. We can't simultaneously decrease unemployment and either raise taxes or cut spending. Really what we should do is wait until we get out of the recession before we either cut spending or raise taxes, but whenever we do it, we need to do both. We can't just put the entire weight of the deficit on the shoulders of the middle class by cutting programs they rely on. The rich need to chip in too.

    Quote Originally Posted by Conservative View Post
    I could be wrong but you seem very young but living in San Francisco could be part of the problem. Do you know that California leads the nation in terms of welfare received according to a CNBC report?
    Do you know that Texas leads the country in self righteous dumbasses? Perhaps living there is part of your problem.

    San Francisco, FYI, is rated #1 for IQ of any major city, #1 for median income, and #1 for post graduate degrees per capita. It led the last two major economic booms and is poised to lead the next one. So obviously whatever we're doing it working, eh?
    Last edited by teamosil; 09-19-11 at 05:57 PM.

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    Re: Boehner Asks Debt Panel to Take on Tax Breaks, Reject Hike

    teamosil;1059808184]FICA that is sort of truish. It is only sort of a tax, sort of a retirement program, and it doesn't flow in and out of the general federal budget. Whatever it is called though, it is regressive. But, regardless, that was only one of six federal taxes we discussed, and then state taxes are relevant too when talking about whether or not different groups are paying their fair share. I gather you conceded all those points?
    Sort of a tax? Sort of a retirement program? Doesn't flow in and out of the general fund? You are 0 for 3 as all those are wrong. It is a tax, it is a retirement SUPPLEMENT, and it does flow in and out of the General Fund thanks to LBJ in the 60's. You don't seem to understand what specific taxes fund. I said that FIT funds the govt. didn't say that was the only funding and listed the other taxes. FICA should never be in the discussion.

    I am waiting for you to explain what happens to state tax revenue when Fed taxes are increased?

    Yes they are paying their fair share. They pay a pretty significant amount of taxes. Payroll taxes, property taxes, sales taxes, etc, all hit the middle class and the poor hard. And, of course, their fair share is much smaller since their income is much smaller.
    Again you don't have a clue, Payroll taxes come back to them in SS and Medicare, Property and sales taxes fund state and local programs so none of those fund the services they get from the Federal Govt. Their income may be lower but they get govt. services and pay zero in FIT.

    There is no fixed amount that is fair for the rich to pay. It's situational. When you have a really wide rich/everybody else gap, taxation needs to become more progressive. When you have a really narrow rich/everybody else gap flatter taxation is better. When you are fighting two wars and trying to recover from a recession, you need to tax more. When you have huge deficits, you need to tax more. When you have an inadequate safety net, you need to tax more. When you are falling behind the rest of the first world you need to tax more. When your safety net is all covered and you're beating the rest of the world in education and you aren't fighting any ways and you're in an economic boom you can tax less. Etc.
    Sounds like typical liberalism, wild claims that aren't back up by data, logic, or common sense. Provide some data to support your position like the following:

    The top 1% of wage earners make 20% of all income and pay 38% of all taxes.
    The top 5% of wage earners make 34.7% of all income and pay 58.7% of all taxes.
    The top 10% of wage earners make 45.8% of all income and pay 69.9% of all taxes.

    The bottom 50% make 12.8% of all income and pay 2.7% of all taxes.
    Currently approximately 47% of all Americans pay nothing and actually get money back making their tax rate negative.

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    Re: Boehner Asks Debt Panel to Take on Tax Breaks, Reject Hike

    Quote Originally Posted by AdamT View Post
    That's a bald-faced lie.
    then prove it or apologize??

    Debt by year. Debt is cumulative deficits so if there was s surplus the debt would go down

    http://www.treasurydirect.gov/govt/r...t/histdebt.htm

    http://www.treasurydirect.gov/NP/BPD...application=np
    Last edited by Conservative; 09-19-11 at 06:02 PM.

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