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Thread: Obama to propose $1.5 trillion in new tax revenue

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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by disneydude
    GWB cut taxes for the wealthiest Americans far more than for anyone else. What happened to all those jobs that your rationale supposedly creates? The fact of the matter is.....Republicans always LOVE to implement "Trickle down economics" and yet...time and time again it fails. Why do you guys keep pushing the same failed rhetoric and expect different results? Perhaps you don't actually expect different results....you actually like the results that it creates.
    He left office with an unemployment rate around 7% which is high, but was also being compromised by a couple bubbles bursting. I thought he did a "good enough" job trying to cushion that blow. Would I have done exactly what he did? No, I can't say I did, but to tell you the truth not only should he not be criticized for that unemployment rate, but he should be thanked that he was able to not help it go above that rate, which many economists and myself all thought would happen. Of course, you thinking Bush is Lucifer incarnate, I doubt you want to hear that.

    The extra 2% Obama is responsible for is the product of corporations practicing economic conservatism due to the president's God-awful and fluctuating policies. Essentially, they're trying to fight City Hall. My guess is that he'll go against the most vocal members of his party and adopt a centrist view in the next 6 months that will create some ease in separating major corporations with its liquidity, unleashing expansion funds and encouraging hiring to decrease the unemployment.

    He has to. He knows this. Otherwise, he's already at "lame duck" status, trying to avoid it with the knowledge that the GOP can't field a decent candidate.

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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by Ikari View Post
    So we won't stop spending money on the wars if we end the wars?
    The point is the wars were never going to continue in perpetuity. Therefore, he's "cutting" $1.1 trillion in spending that the bulk of which was never going to be spent. Its a completely dishonest accounting gimmick, but thats to be expected with the guy who laughably touted deficit reduction in his healthcare bill.

    In effect were left with roughly $3 in tax hikes for every $1 in true spending cuts. Thats simply a nonstarter.

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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by Gipper View Post
    It also makes sense to grant cuts to the section of the population providing employment to the middle class. The reason the middle class can pay taxes is because the rich allow them an opportunity to.
    Most jobs are created by small businesses which are owned by the middle class

    Once again, the right repeats their slogans without defending them
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    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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    Re: Obama to propose $1.5 trillion in new tax revenue

    I saw this in today's paper. 1.5 trillion in new taxes? Who is he kidding? then, reading further, it is 1.5 trillion over the next decade, coupled with "spending cuts" that amount to not much of anything. This "plan" is based on wishful thinking, magic, and pixie dust, it seems to me. Cutting Medicare, with no workable ideas for reducing the cost of medical care is nonsense. Didn't Obamacare already cut Medicare? The way the system works currently, seniors have no other choice besides Medicare. The notion that they can go out and purchase individual insurance, voucher or no voucher, is the most absurd idea that has come out of Washington in a long time, and that's with a lot of competition from other absurd ideas.

    Meanwhile, the Democrats want to defend the unsustainable medical care "reform" passed under Obama, because it was signed into law by a Democrat. Republicans want to keep Medicare Part D, which could wind up costing even more, as it was signed into law by a Republican.

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    Re: Obama to propose $1.5 trillion in new tax revenue

    When you negotiate, you start high while th eother starts low and you work toward something both can agree on. This is better than what Obama has done previously, which has been starting at where republicans are already.

    DHN, healthcare reform needed a begining. In the past it has always died with no reform at all. I would hope both parties would continue to try to improve what has been pasted. So far all republicans know is to get rid of it. As no one is happy with the bill, that may seem reasonable, but keep in mind getting rid of it without presenting something better means that once again we have done nothing.

    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 to propose $1.5 trillion in new tax revenue

    Sure, raise taxes on the rich a little. Why should I care?

    Its not like they are using their great wealth to hire more middle-class workers.

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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by liblady View Post
    very funny. class warfare is what the gop is waging.
    true. class warfare seems to be what both parties aim at right now.

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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by Boo Radley View Post
    When you negotiate, you start high while th eother starts low and you work toward something both can agree on. This is better than what Obama has done previously, which has been starting at where republicans are already.

    DHN, healthcare reform needed a begining. In the past it has always died with no reform at all. I would hope both parties would continue to try to improve what has been pasted. So far all republicans know is to get rid of it. As no one is happy with the bill, that may seem reasonable, but keep in mind getting rid of it without presenting something better means that once again we have done nothing.
    Is this the beginning we needed? Maybe so, but the Republican candidates are pretty adamant that they do want to repeal it, in which case we will be back to square one, just as you said. Where do we go from here? We urgently need to rein in the costs. As it stands now, no one in Washington has any idea how to do so. Mostly, they either want to keep what we have (Democrats, since it was a Democrat that supported it) or get rid of it (Republicans, since it was a Democrat who supported it.)

    A great portion of the debt that the current Congress is not willing to face in any realistic way is due to the cost of health care.
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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by Gipper View Post
    He left office with an unemployment rate around 7% which is high, but was also being compromised by a couple bubbles bursting. I thought he did a "good enough" job trying to cushion that blow. Would I have done exactly what he did? No, I can't say I did, but to tell you the truth not only should he not be criticized for that unemployment rate, but he should be thanked that he was able to not help it go above that rate, which many economists and myself all thought would happen. Of course, you thinking Bush is Lucifer incarnate, I doubt you want to hear that.
    Bush in no way should be absolved of the current mess. Obama has made it worse as opposed to better but Bush certainly is guilty of doing his part to create the mess.

    The extra 2% Obama is responsible for is the product of corporations practicing economic conservatism due to the president's God-awful and fluctuating policies. Essentially, they're trying to fight City Hall. My guess is that he'll go against the most vocal members of his party and adopt a centrist view in the next 6 months that will create some ease in separating major corporations with its liquidity, unleashing expansion funds and encouraging hiring to decrease the unemployment.

    He has to. He knows this. Otherwise, he's already at "lame duck" status, trying to avoid it with the knowledge that the GOP can't field a decent candidate.
    No, it's because Obama is practicing the exact same thing that Bush did. Irresponsibly adding to our debt. Now, this new tax would barely register on the ideas to reduce the debt. It will raise an insignificant amount when compared to our debt. It's an O.K. trade off when combined with actual programs to bring down the debt, but we aren't about to see those out of Obama.

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    Re: Obama to propose $1.5 trillion in new tax revenue

    I disagree with Obama's plan.

    I also find the liberal hypocrisy regarding tax hikes for the wealthy to be lol worthy. So the liberal platform is typically "keep the government out of my bedroom!" "Keep the government out of women's wombs!" "Keep the government out of my lifestyle as it relates to marijuana!" "Keep the government away from the religious morals of the voting populace!"

    All that flips with "Keep the government in someone else's wallet who has more than me." The typical argument I've seen is "if something doesn't affect you, then you have no right to stop it or interfere with another's choices." Many apply this argument to marijuana usage, sexual ethics, and abortion. Why not be consistent and not dictate how much someone else should pay in taxes? Why should you intrude upon someone's finances with your beliefs (that affect someone else and not you) and demand that they have to pay more? Hypocrisy is silly
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