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

  1. #281
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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by Phys251 View Post
    No-sir, no-sir, no-sir. I will not play these games with you. You completely dodged my answer and shifted the conversation. Which leads me to believe...AdamT and I were right.
    You have yet to prove you are right as you continue to buy the Obama rhetoric and ignore the obama results. We don't need a 3.7 trillion trillion dollar govt and until you define what we need and actually provide cuts to spending, not another dime should go to politicians to waste and create more debt.

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

    Quote Originally Posted by Gill View Post
    And Dems claimed that $800 billion in stimulus money would produce jobs. We had the stimulus but where are all the jobs????
    Trying to change the subject won't work.
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    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

    Quote Originally Posted by Conservative View Post
    I can prove without a doubt that jobs increased AFTER the Reagan and Bush tax cuts were fully implemented. Tax cuts put more money into the economy and that grows the economy creating greater demand. It is easier creating economic growth when consumers have more money.

    Right now the Bush tax cuts have been negated by Obama regulations and tax proposals, i.e. Obamacare. Individuals are still getting their tax cuts but businesses aren't hiring because of lack of confidence in this Administration and the potential for higher costs in the future.

    Why do you have such passion for raising taxes? What is the role of the govt. in your world.
    Another dishonest argument from you

    Jobs increase after tax cuts and after tax increases.
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    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

    Quote Originally Posted by Conservative View Post
    I can prove without a doubt that jobs increased AFTER the Reagan and Bush tax cuts were fully implemented.
    Even if you could prove that, you could not prove it did so BECAUSE of the tax cuts. As has been shown to you, we're had economic success with a higher tax rate and with a lower tax rate, and we've had hard economic times with higher tax rate and a lower tax rate.

    You have also been shown studies that show taxes don't produce jobs, as well as states with higher tax rates having more jobs than states with lower tax rates.

    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

    Quote Originally Posted by Boo Radley View Post
    Even if you could prove that, you could not prove it did so BECAUSE of the tax cuts. As has been shown to you, we're had economic success with a higher tax rate and with a lower tax rate, and we've had hard economic times with higher tax rate and a lower tax rate.

    You have also been shown studies that show taxes don't produce jobs, as well as states with higher tax rates having more jobs than states with lower tax rates.
    No, only logic and common sense kicks in as well as an understanding of the components of GDP. Consumer spending is 2/3 of the GDP and more spendable income helps that. Raising taxes today makes no sense except to leftwingers who don't believe the Federal Govt is big enough. Taxes affect personal income and that affects the economy, plain and simple.

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

    Quote Originally Posted by Thunder View Post
    I prefer we cut the debt by at least $3 trillion over ten years.

    and for every dollar of spending cuts, there should be 33 cents of revenue increase.

    whether that extra revenue comes from tax-increases, closing loopholes, higher fees and tariffs, I don't care.

    however. the 1:3 ratio must be stuck with. This is what Obama wanted a few months ago and I hope he adopts it again.

    beyond this, we should also negotiate a plan, maybe next year, to cut the debt by half within 20 years. and again, using the 1:3 spending cuts to revenue increase ratio.
    $3 T in spending cuts + 1 T in tax increases = 4 T over 10 years, or 400 B per year. What about the other trillion in deficit spending?

    Such a plan would add an additional ten teradollars to the national debt for a grand total of 25 trillion, or a quarter million apiece for 100 million taxpayers.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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

    Quote Originally Posted by Conservative View Post
    No, only logic and common sense kicks in as well as an understanding of the components of GDP. Consumer spending is 2/3 of the GDP and more spendable income helps that. Raising taxes today makes no sense except to leftwingers who don't believe the Federal Govt is big enough. Taxes affect personal income and that affects the economy, plain and simple.
    Seriously, not in the bracket we're discussing. Taxes really don't effect those incomes all that much. And we studies that show that as well. You really should read the things people link for you.

    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

    Quote Originally Posted by Boo Radley View Post
    Seriously, not in the bracket we're discussing. Taxes really don't effect those incomes all that much. And we studies that show that as well. You really should read the things people link for you.
    That is your opinion, upon what do you base your OPINION? What I read has been reported, bls.gov, bea.gov, and the U.S. Treasury. Nothing else provides as much valuable information. What you fail to understand is that Clinton didn't inherit a recession and what you further ignore are the tax cuts implemented by the GOP Congress in 1997 as well as the pro business agenda put in place in 1995 after the GOP took Congress. Reagan increased jobs by 17 million AFTER losing jobs during the recessionof 1981-1982 and Bush had over 6 million jobs created between January 2001 and December 2007 even with the recession of 2001 and 9/11. Raising taxes in the current economy serves what purpose?

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

    Quote Originally Posted by sangha View Post
    Trying to change the subject won't work.
    I hate to break this to you, but my post was one of the few addressing the thread title. YOU are the one changing the subject.

    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





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

    Quote Originally Posted by teamosil View Post
    Whoa! No, that's not even close to true. Welfare is a program called TANF. It's annual budget is $16.6 billion. That is not even in the top 20 most expensive programs. Maybe not even in the top 100.



    1 out of 7 tax dollars? Welfare is 1 out of every 164 tax dollars spent.
    Apparently you have not been paying attention....

    As this report shows, means-tested welfare or aid to poor and low-income persons is now the third most expen*sive government function. Its cost ranks below support for the elderly through Social Security and Medicare and below government expenditures on education, but above spending on national defense. Prior to the current reces*sion, one dollar in seven in total federal, state, and local government spending went to means-tested welfare.
    Obama to Spend $10.3 Trillion on Welfare: Uncovering the Full Cost of Means-Tested Welfare or Aid to the Poor

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