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

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

    Boehner Asks Debt Panel to Take on Tax Breaks, Reject Hike - Bloomberg

    House Speaker John Boehner called on the congressional debt-reduction supercommittee to lay the foundation for a tax-code overhaul that would reject rate increases and curb some tax breaks.
    In a speech to the Economic Club of Washington today, the Ohio Republican said the 12-member panel should recommend $1.5 trillion in budget savings by focusing solely on cuts to federal spending and overhauling Social Security, Medicare and Medicaid. The panel should fashion “principles” for a later, broad rewrite of the tax code that include lowering tax rates for individuals and companies, he said.
    Tax reform should deal with the whole tax code, both the personal side and the corporate side, and it should result in a code that is simpler and fairer to everyone,” Boehner said. “Tax increases, I think, are off the table, and I don’t think they’re a viable option for the joint committee.”
    Boehner said the House will consider President Barack Obama’s $447 billion jobs plan, which includes cuts in payroll taxes, provides tax breaks for hiring by small businesses, and more spending for infrastructure. The speaker made clear he opposes much of it, calling instead for Republican ideas to boost job growth, such as reduced government regulation.
    “The president’s proposals are a poor substitute for the pro-growth policies that are needed to remove barriers to job creation in America, the policies that are needed to put America back to work,” Boehner said. He called on Obama to direct his cabinet secretaries to temporarily halt all work “that gets in the way of private-sector job creation.”
    Can someone explain how this is any different than what Republicans have been implementing since Reagan? A system that has only produced more deficits due a reduction of government revenue and the development of systemic problems due to a lack of reasonable regulations? If it didn't work then, why request we continue to try the same crap?
    A man without fear is a fool, a man that succumbs to his fear is a coward and a brave man acknowledges fear yet presses on.
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    Re: Boehner Asks Debt Panel to Take on Tax Breaks, Reject Hike

    Quote Originally Posted by Tettsuo View Post
    Boehner Asks Debt Panel to Take on Tax Breaks, Reject Hike - Bloomberg


    Can someone explain how this is any different than what Republicans have been implementing since Reagan? A system that has only produced more deficits due a reduction of government revenue and the development of systemic problems due to a lack of reasonable regulations? If it didn't work then, why request we continue to try the same crap?
    I guess they are following Obama's lead.

    I completely agree with no new taxes for increased spending. If a program is enacted to cut spending (As boehner says his program does) I would support some increases to go towards debt.

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

    Quote Originally Posted by Tettsuo View Post
    Boehner Asks Debt Panel to Take on Tax Breaks, Reject Hike - Bloomberg


    Can someone explain how this is any different than what Republicans have been implementing since Reagan? A system that has only produced more deficits due a reduction of government revenue and the development of systemic problems due to a lack of reasonable regulations? If it didn't work then, why request we continue to try the same crap?
    wash, rinse, repeat...same ol' same ol'....

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

    If tax increases are off the table, republicans are not serious about fixing the deficit.

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

    Quote Originally Posted by Helix View Post
    If tax increases are off the table, republicans are not serious about fixing the deficit.
    agreed...we need spending cuts and tax increases if we are ever going to dig our way out of this mess.

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

    Quote Originally Posted by Helix View Post
    If tax increases are off the table, republicans are not serious about fixing the deficit.
    Allow me to help you further peel back the veneer; they are not.
    Last edited by upsideguy; 09-18-11 at 01:51 AM.

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

    Would love to get Boehner and Obama to answer me why they are not trying get a flat income tax and another one for business, with neither one getting any breaks or deductions.

    I would also like to see a rollback in some of the ridiculous regulations causing problems and costing jobs and small business growth.

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

    Quote Originally Posted by Councilman View Post
    Would love to get Boehner and Obama to answer me why they are not trying get a flat income tax and another one for business, with neither one getting any breaks or deductions.
    Why would we want a flat tax? The income tax is the only progressive tax in our system. It already is too flat to even offset the other taxes, which are all regressive at the top. That's why people at the very top pay low percentages than the middle class do. Besides, just about every economist in the world agrees progressive taxation is the way to go. Diminishing marginal utility of wealth. It would be hugely utility inefficient to have a flat tax. To maximize utility we should have a much, much, more progressive tax system.

    Quote Originally Posted by Councilman View Post
    I would also like to see a rollback in some of the ridiculous regulations causing problems and costing jobs and small business growth.
    Honestly, I think that is mostly hype. Especially with regards to small businesses. I worked at a start up for years. I was the third employee, but we grew it to about 60 employees before they sold the company. We basically never ran into any regulatory hassles at all. We had to pay taxes, which meant hiring an accountant for a few days. One time we had to deal with a patent suit. To get a government contract we had to fill out some forms... That was about it. It's not the stifling thing the GOP would have you believe for small business. The companies regulation does impact are the huge corporations that want to push their costs on to the public through externalities like pollution or unsafe products or working conditions or whatnot that oppose regulations, not the small businesses. Small business is just more sympathetic, so that's what the GOP mentions in their slogans, but that isn't real, it's just their slogans.

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

    Quote Originally Posted by teamosil View Post
    Why would we want a flat tax? The income tax is the only progressive tax in our system. It already is too flat to even offset the other taxes, which are all regressive at the top.
    Why? Because things would then be so much simplier. We could cut the IRS way back. Politicians would no longer be able to promise all these cuts for votes.

    0-25,000 FLAT 2%
    25-50,000 FLAT 12%
    50-100,000 FLAT 15%
    100-250,000 Flat 18%

    Etc, Etc, Etc. (numbers only used for the example, I don't know what they would be exactly)

    What is wrong with that?

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

    Quote Originally Posted by 1Perry View Post
    Why? Because things would then be so much simplier. We could cut the IRS way back. Politicians would no longer be able to promise all these cuts for votes.

    0-25,000 FLAT 2%
    25-50,000 FLAT 12%
    50-100,000 FLAT 15%
    100-250,000 Flat 18%

    Etc, Etc, Etc. (numbers only used for the example, I don't know what they would be exactly)

    What is wrong with that?
    lololol...ahh perry a much easier....HUGE TAX cut for the rich and a HUGE tax increase for the bottom half of america...

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