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

  1. #231
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    Re: Boehner Asks Debt Panel to Take on Tax Breaks, Reject Hike

    Quote Originally Posted by cpwill View Post
    Revenue rises and falls with GDP, not tax rates.
    This sounds suspiciously like you're falling for the trap of binary thinking. It is, of course, both. Tax rate * GDP = revenue.

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

    Quote Originally Posted by Conservative View Post
    When are you going to stop buying the lies coming from this Administration?

    IRS Data Show Most Millionaires Pay Taxes At Higher Rate Than Middle Class | Fox News

    Until the govt. gets its act together and stops spending and then puts 25 plus million Americans that are unemployed and under employed back to work full time, I will never support tax hikes. You, on the other hand, buy what liberals tell you just like you buy what the union stewards tell you. Try doing some research for a change.
    i have done my research, unlike you my friend, and i refuse to bury my head in the sand, unlike you my friend, and i refuse to avoid reality, unlike you my friend, who avoids it at all costs........take off your conservative colored eyeglasses, and have a look at stark reality my friend....anyone with common sense, who will look at our situation, and is honest, will acknowledge that we need to tackle our debt/deficit from both angles, that of spending cuts, and revenue increases...quit buying what the boehners, limbaughs, hannitys, becks, levins or tea party leaders tell you...taxes have been cut, and cut, and cut some more, and cut some more after that, and what have we gotten? bigger deficits, bigger debt, more debt service being paid, we go further and further in the hole, and i'm gonna tell you something, and i know it will shock you, and i know what your response will be already....psssst...conservative, democrats have had alot of help from republicans getting us into this mess, both are responsible for where we are, and both sides will have to stand up, look their bases in eye, and explain some cold, cruel, hard facts of life to them...we need additional revenue(sorry, cold hard fact here, difficult to stomach for conservatives/republicans) and we need spending cuts(sorry, cold hard fact here, for democrats)


    if i thought we could balance our books with just cuts, i would support that...i don't, not with the current debt/deficits we have now. you can continue to bury your head in the sand, and deny reality, i , on the other hand , refuse to do that. i will continue to write my congress critters, even the despicable john bonehead, and tell them to pull their heads out of their asses. time to 'man up' for both parties. both sides are responsible for the mess, both sides are needed to clean it up, and both bases are not going to be happy with what needs to be done, but it is reality, politics aside.

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

    Quote Originally Posted by Conservative View Post
    Isn't that what the Democrats did in 2007-2008? Were the deficits during the Bush term higher or lower when the Republicans controlled the Congress vs. Democrats controlling the Congress?
    both sides are guilty, one is not better than the other, both have contributed to our mess, this is the response i knew i would get..."but but but, dems spent more" as if that justifies continued support of policy that has led us to this point.

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

    Quote Originally Posted by Gill View Post
    ahhh, you're bringing crocodile tears to my eyes. Obama is doing nothing but playing politics. He is pandering to his base by acting as if a puny tax on corporate jets will solve all our economic problems. Dem Senators and Reps will not even vote for his phoney bill.

    It was only a year ago that Obama was saying that taxes should NEVER be raised during a recession. While we may not be in a textbook definition of a recession, we are awfully close and the majority of people believe are in one.
    and obama was wrong....both sides need to man up and get this country's s### in order, before we are like greece and asking 'hey brother, can you spare a dime?'

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

    Quote Originally Posted by Conservative View Post
    I asked you for your proposals and get nothing but more whining. For your information I don't have a party, I am a conservative but vote Republican because they are the better alternative. Think about it, Gore, Kerry, and Obama. Why would you vote for them? Staying home or voting for a third party just assures those leftwing nuts get elected and re-elected
    bull, you are a republican , why lie about it?

  6. #236
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    Re: Boehner Asks Debt Panel to Take on Tax Breaks, Reject Hike

    Quote Originally Posted by cpwill View Post
    that is incorrect- revenue continued to climb after 2005 (in fact, it reached historic post-war high's as a % of GDP), and then plummeted as we decided to rapidly expand government in response to the crash of 2008/2009.
    In one post you're saying revenue is only a function of GDP, but in this block you're saying it isn't a function of GDP at all, it is a function of the size of government.

    Revenue = gdp * tax rate. We dropped the tax rates like crazy, forcing deficit spending and forcing our safety net to fall far behind the rest of the first world. As a result, the foundations of our society started to fall apart. Investment far outstripped consumption, so the market corrected. That crash, combined with the low tax rates, was a recipe for disaster.

    Keep in mind that the revenue figures lag like a year. You don't pay taxes until April of the year after the current year.

    Quote Originally Posted by cpwill View Post
    no. because the highest we've ever raised in revenue was 20% of GDP - and we did that with lower taxes and higher growth. furthermore, increased government (as demonstrated) depresses revenues - so you have to cut government in order to increase revenues. the two are inversely linked.
    We've been around 20% several times. 1945, 1969, 1981, and 2000. In all those instances we had higher taxes on the rich than we do now. In 1945 we had a top income tax bracket of 94%. In 1969 it was 77%. In 1981 it was 69%. Only 2000 was close to the absurdly low rates we have on the rich today, but it was still 39%, which is what the Democrats want to go back to. So, no, the evidence does not support your case at all.

    Quote Originally Posted by cpwill View Post
    wtf? people acting stupidly is the fault of those who act intelligently?
    What are you talking about? You are saying that not being super rich is "acting stupidly"?

    Quote Originally Posted by cpwill View Post
    that, at least, is correct.

    the problem is their lifestyle not matching their income.

    "oh don't worry honey - house prices will always go up. let's just take out all our equity in an adjustable rate second home mortgage and use the money to go on vacation to the bahama's and then buy you a new car and me a new flatscreen."

    if their belts are feeling squeezed, it's because they eat too much; their consumption is higher than is good for them.
    Using silly characterizations to depict the middle class as greedy while fetishizing the rich is obviously silly. Obviously the rich top that chart a million times over. If middle class people in the US still got the same slice of the GDP that they got in the 60s the median household income in the US would be over $140k/year. Instead it is $44k. That's the cost of this process of shoveling money into the pockets of the rich you are defending- about $100k per year per household. To respond to that situation by trying to demonize the middle class as being stupid for wanting to at least preserve their current quality of life is disgusting to me.

  7. #237
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    Re: Boehner Asks Debt Panel to Take on Tax Breaks, Reject Hike

    Quote Originally Posted by randel View Post
    i have done my research, unlike you my friend, and i refuse to bury my head in the sand, unlike you my friend, and i refuse to avoid reality, unlike you my friend, who avoids it at all costs........take off your conservative colored eyeglasses, and have a look at stark reality my friend....anyone with common sense, who will look at our situation, and is honest, will acknowledge that we need to tackle our debt/deficit from both angles, that of spending cuts, and revenue increases...quit buying what the boehners, limbaughs, hannitys, becks, levins or tea party leaders tell you...taxes have been cut, and cut, and cut some more, and cut some more after that, and what have we gotten? bigger deficits, bigger debt, more debt service being paid, we go further and further in the hole, and i'm gonna tell you something, and i know it will shock you, and i know what your response will be already....psssst...conservative, democrats have had alot of help from republicans getting us into this mess, both are responsible for where we are, and both sides will have to stand up, look their bases in eye, and explain some cold, cruel, hard facts of life to them...we need additional revenue(sorry, cold hard fact here, difficult to stomach for conservatives/republicans) and we need spending cuts(sorry, cold hard fact here, for democrats)


    if i thought we could balance our books with just cuts, i would support that...i don't, not with the current debt/deficits we have now. you can continue to bury your head in the sand, and deny reality, i , on the other hand , refuse to do that. i will continue to write my congress critters, even the despicable john bonehead, and tell them to pull their heads out of their asses. time to 'man up' for both parties. both sides are responsible for the mess, both sides are needed to clean it up, and both bases are not going to be happy with what needs to be done, but it is reality, politics aside.
    Have you tried to get this post published as pure fiction? You actually believe that giving the Govt. more revenue is going to lower the deficits, create a balanced budget, and start paying down the debt and you are gong to do this by raising taxes on the rich? We have a 3.7 trillion dollar budget, 2.4 trillion in revenue so where is the shortfall going to come from?

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

    Quote Originally Posted by randel View Post
    bull, you are a republican , why lie about it?
    I am a conservative, grew up a Democrat but if that makes you feel good, go for it. I certainly have nothing in common with the Democrat Party today.

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

    Quote Originally Posted by Conservative View Post
    Have you tried to get this post published as pure fiction? You actually believe that giving the Govt. more revenue is going to lower the deficits, create a balanced budget, and start paying down the debt and you are gong to do this by raising taxes on the rich? We have a 3.7 trillion dollar budget, 2.4 trillion in revenue so where is the shortfall going to come from?
    i don't publish fiction my friend , i publish the facts, like 'em or lump 'em, and you have made your posistion clear, that you will continue to live in a fantasy land, and avoid all reality. let me ask you a question....what has the republican secondary mantra of 'starve the beast ' accomplished? especially, when the republicans are as guilty as the dems for deficit spending? seems to me they are doing spending while cutting the means to pay for it....just my opinion, just sayin'...

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

    Quote Originally Posted by Conservative View Post
    I am a conservative, grew up a Democrat but if that makes you feel good, go for it. I certainly have nothing in common with the Democrat Party today.
    doesnt do anything for me, just stating the facts ma'am....your a republican

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